What Storj’s Acquisition Means for STORJ Tokenholders

Hello Storj Community,

As you may have seen, Storj has agreed to be acquired by Inveniam, the global leader in decentralized AI technology for private markets. This marks an exciting new chapter for Storj as we continue to grow and expand our decentralized cloud storage and compute network.

This acquisition strengthens the foundation of our community. With Inveniam’s support, we’ll accelerate development, expand partnerships, and continue innovating while keeping STORJ an important part of our ecosystem.

While we’re excited about what’s ahead, we want to ensure we’re clear about what this means for you as a STORJ tokenholder right now:

• No changes to STORJ’s utility: The token will continue to be the unit of exchange for storage and bandwidth on the Storj network.
• Node operator payments remain the same: You’ll continue earning STORJ for contributing storage and bandwidth.
• Trading and liquidity are unaffected: STORJ will remain listed on exchanges.
• Our mission remains largely unchanged: Storj’s focus on building the best distributed storage and compute platform remains steadfast. Partnering with Inveniam means gaining more support and resources to continue advancing our mission and vision.

We deeply value your support as customers, partners, node operators, and tokenholders. Together, we’ve built the most secure and performant distributed storage network in the world, and this milestone ensures we can take it even further.

By joining forces with Inveniam, we expand our footprint and increase the financial resources to continue to grow and invest in the Storj ecosystem. We also become part of an organization that is a leader in complementary spaces, such as the tokenization of real-world assets. While more on our joint plans are forthcoming, part of the attraction for working with Inveniam was their interest in creating a distributed and decentralized marketplace for cloud computing resources generally, where blockchain plays a critical role.

For more details, please read our full announcement [link to corporate press release] and visit our blog post and FAQ.

Thank you for being part of Storj’s journey.

— The Storj Team