proves its determination to become the AWS or Alibaba Cloud of the crypto field by directly renaming itself to EigenCloud, although this logic seems sound, the reality is quite different, and the current market would not buy into this approach.
The AWS logic is that developers need to purchase and build their own servers, incurring significant hardware and site costs, facing challenges when traffic spikes make it difficult to add more servers, and wasting servers when traffic drops. Thus, AWS offers a SaaS model allowing developers to pay for what they use.
From EigenCloud's perspective, the logic is that developers need to establish their own staking capabilities to ensure application security. Could they offer security directly through a SaaS model where developers purchase security on EigenCloud?
The logic is sound, but the business model is not.
We've heard many arguments like "crypto currently lacks applications, so security demand can't take off" and "retail investors don't care about security" - these are all correct, but not the primary reason.
The main reason is that "staking" is currently an important means for project teams to control token prices.
If I were a project team, would I choose to invest some development costs to create a staking function, offering artificially high annual returns to lure retail investors into staking their tokens, or would I choose to pay EigenCloud for security based on ETH, which seems safe but actually has nothing to do with my own token?
I would definitely, definitely, definitely choose the first option.
For project teams, servers are a cost investment, while staking is a revenue source, and revenue growth is far more important than cost investment.
The evolution is here. The age of verifiable apps has begun.
Introducing EigenCloud, a platform for verifiable apps, services, and AI, built on EigenLayer, secured by the EIGEN token. ☁️
Crypto has spent a decade building trustless infrastructure.
Now it's time to build on it.
The narrative of disrupting AWS seems too far-fetched at the moment
Real security is self-control, not decentralization. Those who regard decentralization as a means rather than an end are pure idiots.
