denet

May 13, 2025 – This month, DeNet, a decentralized storage provider with 4 million users, warned its community of a serious disruption caused by Stripe, a centralized payment processor. According to DeNet, Stripe issued roughly $200,000 unsolicited refunds on DeNet customer accounts without any further profound explanation. Stripe is currently holding back around 25% of DeNet transaction proceeds from the past 3 months, jeopardizing users’ access to services they paid for. This incident highlights the vulnerabilities inherent in centralized systems and reinforces DeNet’s mission to make Web3 accessible, secure, and user-centric through innovative technology and education. According to DeNet, the disruption began when a user, for some reason, skipped the platform process and requested a $13.72 refund directly from Stripe. Despite refunds initiated by a single user, Stripe initiated a cascade of unsolicited refunds for purchases of storage space, Datakeeper licenses (nodes), and extended functionality within the DeNet app, without any further user requests or any elaborated reasoning communicated to DeNet. Furthermore, Stripe currently retains around 25% of the DeNet transaction volume received via Stripe. DeNet’s attempts to engage with Stripe regarding these unauthorized transactions were met with responses that appeared automated, as they were nearly identical and failed to provide any meaningful explanation or resolution. Critically, after DeNet reached out through various channels, the Stripe team intervened in an initial investigation. However, per DeNet, it had little effect, as Stripe followed with the widespread and random issuance of refunds. DeNet has processed payments via Stripe for over a year, maintaining transparent user relationships. However, Stripe’s track record with other projects shows issues like frequent abuse, lack of impartiality, and poor communication. Its opaque decision-making and unexplained logic raise concerns. Is this a deliberate structure by Stripe’s leadership or a systemic failure? “We’re deeply disappointed by Stripe’s actions, especially as we’ve worked tirelessly to make Web3 welcoming for all”, said Rafik Singatullin, co-founder at DeNet. “The fiat payment option was introduced to empower users, not expose them to centralized overreach. This strengthens our resolve to deliver decentralized solutions and educate our community”. DeNet is forced to launch alternative payment methods to ensure its users receive the service they paid for, despite Stripe’s arbitrary actions. Users can check the DeNet app to see if they’re affected and restore their purchases. About DeNet DeNet is a programmable decentralized storage protocol that unlocks the global potential of unused storage through tokenized RWA capacity. With 4M users, 250K daily active devices, and 15M+ files, it’s a leading operational solution for future storage needs. Contact: For inquiries related to this incident or further information, please contact DeNet at [email protected].

April 22, 2025 – DeNet, the leading DePIN for data storage, shares the results of its one-week Datakeeper Node Sale—a major step toward building a global, privacy-first decentralized storage network. Over 2,100 Datakeeper Nodes—licenses for storing data within the DeNet network—expanded its ecosystem. DeNet's Datakeepers form a powerful backbone for global data storage, with an estimated collective capacity of 630 PB—enough to store 126 million HD movies. With unlimited storage per license, each Datakeeper can greatly enhance their role, further amplifying this vast capacity. As highly committed and responsible members, Datakeepers have invested significantly, with total costs averaging $14.7M for equipment and licensing fees. Following the completed sale, DeNet is advancing to the second phase launching all nodes within its ecosystem. Datakeepers will soon be able to activate their licences within the newest DeNet Storage Protocol v4, which is 90% ready for seamless launch on any blockchain and will allow Datakeepers monetize their storage capacities. "Since 2017, despite obstacles and market changes, we have been building a reliable decentralized data storage system based on core principles like security, transparency, and data sovereignty. Recently, there have been increasing opinions on the topic of challenges faced by centralized data centers, underscoring the critical importance of these values. Millions of users worldwide trust us. The Node Sale provided DeNet with fresh momentum for network growth. We see significant investments from our Datakeepers and it ensures we attract the most reliable and trusted participants to our ecosystem”, says Rafik Singatullin, co-founder of DeNet. Looking ahead, DeNet has an ambitious roadmap for 2025. The ecosystem will launch on peaq, the blockchain powering the Machine Economy, and serve as a native storage layer for its ecosystem, expanding its reach across industries. DeNet also plans to introduce an enterprise solution for large-scale data needs, release an SDK to support protocol-based developments, and host a Token Generation Event (TGE) on peaq. These initiatives underscore DeNet’s commitment to driving innovation in decentralized storage. DeNet welcomes users, businesses, and developers to join its growing ecosystem. About DeNet: DeNet is a programmable DePIN storage layer that taps into the worldwide potential of unused storage by tokenizing real-world asset (RWA) capacity. With over 3.5 million users entrusting 15 million files and 1.8 million Watcher Node devices worldwide, DeNet stands out as a fully operational solution, solidifying its leadership in decentralized storage. Website: https://denet.pro/ Twitter/X: https://x.com/DeNetPro

April 14, 2025 – As global trade wars escalate, threatening millions of petabytes of data and driving up storage costs, DeNet is launching its Node Sale to empower a decentralized, sovereign solution. Tariffs between the US, China, and Europe—now at 145% on Chinese imports and 125% on American goods—are disrupting data center supply chains, inflating equipment prices, and destabilizing energy markets. Centralized data centers face a grim choice: raise fees, risk outages, or shut down entirely, impacting businesses and consumers worldwide. DeNet’s Node Sale is a key step in launching the newest version of decentralized storage protocol, which is 90% ready. By enabling individuals and organizations to become Datakeeper nodes through the sale, DeNet is building a global network that ensures secure, cost-effective, and sovereign data storage—critical in today’s volatile economy. “As data sovereignty develops, users, businesses, and states face a choice: rely on regional data centers or opt for decentralized solutions like DeNet to avoid risks of information appropriation. DeNet’s protocol, deployable on various blockchains, can be launched locally within the borders of one state and region; it ensures secure, privacy-first storage for all”, says Rafik Singatullin, co-founder of DeNet. DeNet’s current Datakeeper Node Sale is a closed and highly focused event only for those with reservations, running from April 10 to April 17, 2025. In the future, the company may conduct new sales, information about which can be found in their community. About DeNet: DeNet is a programmable DePIN storage layer that unlocks the global potential of unused storage through tokenized RWA capacity. With over 3.5 million users entrusting 15 million files and 1.6 million Watcher Node devices worldwide, DeNet stands out as a fully operational solution, solidifying its leadership in decentralized storage. Website: https://denet.pro/ Twitter/X: https://x.com/DeNetPro