Cudos partners with new TV Series HODL. Cudos merges blockchain and cloud computing, combining their benefits. When HODL airs in 2022, Cudo will showcase its mining app in episodes.
HODL (Hold On for Dear Life) follows the journey of a young entrepreneur who launches a new blockchain and cryptocurrency project, Aveer, named after his best friend who has disappeared.
So where does Cudos fit into this? Cudos’ parent company, Cudo Ventures, has spent the last 4 years developing and scaling a global distribution of computing power, with cloud service providers, gamers, and miners bringing their additional computing power to the network in exchange for payments in multiple different cryptocurrency options, including BTC, ETH, XMR, and ALGO.
With a mission to build the world’s largest distributed cloud computing platform by making better use of existing and often unused hardware, Cudo Ventures has successfully created a sustainable for-profit model, in which anyone or company can profit from the network. The Airbnb of computing power.
The next step in Cudo’s mission is the Cudos Network, a layer 1 blockchain, and proof-of-stake network, which provides decentralization to the broader ecosystem. With inherent scalability and cost issues within the blockchain space, use cases so far have been limited to small data jobs like DeFi transactions, NFT issuance, and Oracle data sources.
Computer-intensive jobs like zkSnarks and price prediction analysis have yet to be processed in hyper-scale centralized services, going against decentralized technology and community.
This is where Cudo differentiates himself, merging blockchain and cloud computing, combining the benefits of blockchain with the significantly lower cost of the cloud.
“There are many industries that are eager to use blockchain technology for security, efficiency and immutability reasons, but it is just not affordable yet.
Film industry post-production houses need huge farms of CPU- and GPU-rich servers to reproduce the latest Hollywood blockbusters, and the expense of purchasing, maintaining, and managing these environments is often what drives them to use the clouds. hyperscale. They pay more for hyperscale services than they do for smaller cloud service provider environments, but they save time with the convenience of almost unlimited scale.
Decentralizing these huge workloads and distributing the computing task to appropriate service provider environments federated across the network, provides the ideal solution for companies not only in the world of cinema, but also in science, artificial intelligence and content streaming. Of video”.Matt Hawkins , CEO of Cudo.
When HODL airs in 2022, Cudo will showcase its mining app, Cudo Miner, in the episode and it will be paid out in the new TV fan share token, SATOR, which will launch in August this year. HODL viewers will be able to download Cudo Miner and earn SATOR tokens with its additional computing power.
These SATOR tokens can be used to purchase digital souvenirs from the series in the form of NFTs.
“Blockchain and cryptocurrencies are on the cusp of mainstream adoption and, in collaboration with HODL and Sator, we are determined to accelerate that adoption by providing a bottom-up target of 50 million people globally, with the tool to adopt the technology.
Having a rare or unique digital collectible of your favorite show actor or maybe even the director’s chair is extremely attractive to fans and the fact that we now have the technology to be able to pay for that using its computing power is unbelievable. It’s all about fan engagement and that’s why we don’t hesitate to partner with HODL and Sator. “Pete Hill, VP of Sales, Cudo.
The collaboration goes even further with Cudo providing more ideas to fit into the HODL story. “We are delighted to integrate Cudo given the authenticity of our program. HODL reflects the real life of cryptocurrencies, everything is drama and comedy. This material is written on its own. Including real cryptocurrency brands like Cudo adds to the tapestry and truth of the show, ” reflects HODL writer and EP Chris Martin.
What will this mean for Red Cudos? No spoilers, this is Hollywood, so you’ll have to wait and see …
The For Dear Life (“FDL”) token is issued by the US television comedy series, Hold On For Dear Life (the “Series”). The FDL tokens represent a pro-rated share of the Series’ net earnings.
Cudos Network is a Layer 1 blockchain and Layer 2 computing and oracle network designed to ensure decentralized and permissionless access to high-performance computing at scale and enables scaling of computing resources to 100,000 nodes. Once bridged on Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable computation and layer 2 oracles on all bridged blockchains.