4EVERLAND: Decentralized cloud computing aggregation platform in the DePIN track

1. Overview of 4EVERLAND

1.1 Project Introduction

1.1.1 Market Background

In recent years, the development of cloud computing technology has brought significant changes to traditional IT infrastructure. While centralized cloud computing once dominated the market, decentralized models are rapidly rising, redefining industry rules in a more free, secure, and environmentally friendly manner. Compared to traditional centralized models, decentralized cloud computing is gradually becoming the main direction for future development due to its advantages in flexibility and privacy protection.

The uniqueness of decentralized cloud computing lies in its distributed nature. It no longer relies on a single super server but instead disperses data across nodes located around the world. This design not only offers greater flexibility and scalability but also enables dynamic resource allocation based on demand, significantly enhancing efficiency.

However, with the rapid development of the digital economy, there is increasing concern about the environmental impact of cryptocurrency systems. In particular, proof of work (PoW) systems are controversial due to their high energy consumption characteristics. It is expected that by 2025, data centers will account for more than 3% of global carbon emissions, and by 2040, digital data storage is expected to produce 14% of global carbon emissions, equivalent to the current carbon emission levels of the United States.

In this context, DePIN (Decentralized Physical Infrastructure Network) has emerged. DePIN covers several key areas, including network infrastructure, energy and shared economy, edge computing and distributed computing power, and decentralized storage. By combining blockchain technology and token incentive mechanisms, DePIN successfully integrates decentralized resources into an efficiently operating network. Projects like Helium's wireless network, DIMO's automotive IoT, Grass's data scraping platform, and io.net's computing power platform have all proven the enormous potential of DePIN in practice.

The DePIN project has received significant investment in recent years, with a notable increase in fundraising scale. From the third quarter of 2023 to the third quarter of 2024, the total amount of funds raised by the DePIN project increased nearly sevenfold. Additionally, in April of last year, Binance officially launched BNB Greenfield, an important milestone in the decentralized storage field. Greenfield not only provides a core decentralized storage infrastructure for the BNB Chain ecosystem but also innovatively allows users and decentralized applications (DApps) to create, store, and trade completely autonomous data.

The entire DePIN industry currently has a market size of $90 billion, but 95% of its infrastructure capacity has yet to be fully utilized. Against this backdrop, 4EVERLAND, as an emerging decentralized cloud computing platform, is rapidly rising. It is not only a decentralized cloud computing platform but also acts as a resource aggregator for the entire DePIN track.

Unlike projects that focus on a single area (such as Filecoin focusing on storage or io.net focusing on computing power), 4EVERLAND integrates various DePIN technologies to "package" Web3's storage, computing, and network resources, providing them on demand to customers. For example, 4EVERLAND has established a close partnership with Arweave, a leader in decentralized storage, allowing users to efficiently and quickly use Arweave's storage services through 4EVERLAND. The famous open-source voting platform Snapshot is using 4EVERLAND's solutions to store off-chain data on IPFS and Arweave, ensuring the verifiability and permanence of the data.

By integrating a decentralized physical infrastructure network and community-contributed idle resources, 4EVERLAND is gradually realizing its vision of providing efficient, secure, and scalable cloud services: to become a bridge connecting Web2 and Web3, helping millions of Web3 applications and developers transition smoothly to decentralized architectures.

1.1.2 Establishment and Development History

4EVERLAND was established in 2021 and is headquartered in Singapore. Its investors include well-known industry names such as BIXIN, FENBUSHI, FBG, Mint Ventures, Arweave, and WaterDrip Capital.

As a new generation decentralized cloud service platform, 4EVERLAND integrates storage, network, and computing capabilities, committed to providing users with efficient, secure, and scalable cloud computing services through innovative technological architecture and resource integration models. The architecture of the 4EVER Network is positioned as the hub of the DePIN ecosystem, aiming to efficiently integrate and utilize decentralized physical resources to provide infrastructure support for millions of Web3 developers and applications.

The strategic focus of 4EVERLAND includes two directions: first, maximizing resource utilization efficiency through deep integration of existing DePIN protocols; second, achieving significant reductions in operational costs by connecting idle physical resources globally. By combining these two strategies, 4EVERLAND is committed to building a decentralized cloud infrastructure aimed at developers and enterprises, characterized by efficiency and resilience, driving a new era of sustainable cloud computing.

As an important supporter of BNB Greenfield, 4EVERLAND has deeply integrated into the BNB Chain ecosystem and has become a key player in Messari's DePIN map. Rather than going it alone, it is more like the "infrastructure madman" in the DePIN ecosystem, helping global developers smoothly transition from Web2 to Web3, sparking a decentralized revolution in cloud computing.

1.1.3 Important Milestones

• May 2021: 4EVERLAND was established
• June 2021: Completed seed round financing
• August 2021: Completed Series A financing
• May 2022: Mainnet Launch
• August 2022: Launched on BNB Chain
• April 2023: Become a BNB Greenfield storage provider
• December 2023: $4EVER token officially listed on exchanges

1.2 Data Overview

1.2.1 Project Data

Since the launch of the 4EVERLAND mainnet, its development momentum has been rapid. The platform has currently accumulated over 3 million registered users, with daily active users (DAU) exceeding 100,000 and monthly active users (MAU) surpassing 1 million, covering more than 250,000 developers and clients. This data indicates that 4EVERLAND has quickly attracted broad attention from developers and enterprises worldwide in a short period of time. Combining the data from the past week, the number of independent active wallets (UAW) and transaction volume of 4EVERLAND have shown a strong growth trend.

In the field of storage, 4EVERLAND holds an important position in the decentralized storage market, becoming a leader in multiple storage ecosystems:

• BNB Greenfield: 4EVERLAND is the largest decentralized storage provider in the Greenfield ecosystem, and is also an officially certified storage provider (SP) and validator. As a core pillar of Greenfield, 4EVERLAND not only provides robust storage resources but also supports BNB Chain and opBNB networks. By integrating the advantages of IPFS and Arweave, 4EVERLAND offers a more efficient and user-friendly storage solution, significantly lowering the barrier for users to utilize decentralized storage. As its first unofficial storage provider and validator, 4EVERLAND ranks first in the ecosystem with 30,000 storage transactions per day. In the past 7 days, the storage transaction volume has achieved a growth rate of 180%, far ahead of other competitors.
• IPFS Storage: Cumulative storage capacity reached 2000 TB, ranking third in the IPFS ecosystem.
• Arweave Storage: Achieving 20 TB of storage, also ranking third in the Arweave ecosystem.

From the perspective of core competitiveness in serving global customers, 4EVERLAND has provided storage and computing services for over 250,000 applications, including well-known projects such as Snapshot (the only IPFS + Arweave storage and gateway provider), Taiko, PumpFun, Linear Finance, and RSS3. In particular, with support for Snapshot.org, 4EVERLAND has surpassed competitors like Fleek and Pinata, becoming the preferred storage solution for developers and teams with a performance advantage of up to 99.9%. Additionally, it has received grants from BNBChain, Polygon, Optimism, IPFS, Arweave, and ICP.

In terms of ecological support and wallet compatibility, 4EVERLAND is compatible with over 10 mainstream Web3 wallets, such as MetaMask, OKX Wallet, Binance Web3 Wallet, and Coinbase Wallet, providing users and developers with convenient access methods and a wider range of application scenarios. This diversified support further consolidates its core position in the Web3 ecosystem.

1.2.2 Social Media Data

4EVERLAND has shown high activity across different media channels, specifically as follows:

1. Telegram Group: This community has over 950,000 members, with more than 30,000 active users.
2. X: The number of followers exceeds 360,000, with frequent updates.
3. Discord: The platform has over 75,000 members, with more than 2k active users.
4. Telegram miniapp: This channel has over 1 million users per month.

In addition, there are over 30,000 interactions daily on its Github (data triggered by users linking the host to Github, which to some extent represents the project's update frequency).

1.3 Token Economics

The economic model of 4EVERLAND is meticulously designed, featuring a unique dual-token economic model: $4EVER is the core governance token of 4EVERLAND, while $LAND serves as the resource token of 4EVERLAND. It aims to ensure the stability and security of the network while implementing a sustainable dynamic incentive mechanism.

1.3.1 $LAND: Stablecoin and Resource Payment Unit

The launch of $LAND is aimed at providing users with a stable and efficient resource payment system within the 4EVERLAND ecosystem. As a stable Token, it serves as the primary settlement tool for all user services.

• Stable Value Peg: $LAND is used as a settlement tool for resource payments at a fixed exchange rate (1 USD = 1,000,000 $LAND), effectively avoiding volatility risks.
• Resource Payment: $LAND is used to measure and account for all resource consumption on the 4EVERLAND platform, such as bandwidth, build time, computing units, API calls, and node usage.
• Flexible exchange mechanism: Supports converting multiple blockchain assets into $LAND, with corresponding assets automatically converted into stablecoins and deposited into the treasury smart contract.
• Treasury Cycle: Assets deposited into the treasury are converted into stablecoins and distributed through two main methods:
  • Ecosystem Rewards: Used for 4EVER buyback and distributed as rewards to resource providers and 4EVER holders.
  • Token buyback and burn: Increase the scarcity of 4EVER, thereby increasing its value.
• Non-circulating: $LAND is only used for resource payments within the 4EVERLAND ecosystem and cannot be traded on the secondary market, ensuring value stability.

1.3.2 $4EVER: Governance and Utility Token

As the governance and utility token of 4EVERLAND, 4EVER is the core carrier of ecosystem value, capable of addressing various use cases ranging from resource payments to value acquisition and decentralized governance. It plays a crucial role in promoting the long-term sustainability of the system. The functions and roles of $4EVER:

• Node Staking and Rewards: 4EVER powers the PoS mechanism and AVS mechanism. Resource providers must stake $4EVER to participate in node elections and receive $4EVER as a reward for their contributions.
• Value acquisition and repurchase mechanism: The platform's revenue recovery mechanism allows $4EVER to acquire value from the treasury pool, enhancing the scarcity and value of $4EVER through the repurchase and burning process.
• Resource Payment: Users can choose to exchange $4EVER for $LAND and use $LAND to pay for service fees, thereby promoting the circulation and demand of the tokens.
• Ecological Governance: As a governance token, $4EVER empowers holders with the right to participate in key decision-making processes, such as proposing suggestions for platform upgrades, resource allocation, and shaping the future of the ecosystem.