Global video platform YouNow, which enables live video and mobile streaming, recently announced the PROPS Ecosystem, a group of media applications powered by a new cryptocurrency, PROPS. Now, the company has announced a partnership with decentralized cloud storage provider Storj Labs in order to further align the PROPS by YouNow ecosystem with the decentralized community. Storj will provide decentralized cloud storage services for terabytes of video files generated from YouNow’s 40 million registered users.
Storj, a solution that encrypts, shreds, and distributes data shards across a global network of nodes, will provide an additional layer of security for PROPS content. Storj’s decentralized network deters security breaches, ensuring PROPS and YouNow users are able to safely engage in livestreaming and content sharing experience.