Correct me if I am wrong same concept is seen in Filecoin that is launched in 2017. Now 5 years later we have another such project that is providing a decentralized storage not only for CATA but for general storage also. IF they can deliver what they are saying (though we hear nothing from them) then it can be a big success
Na you are comparing two different things. Filecoin was launched in an era when everyone was crazy for ICO and there is no concept of NFTs at that time. CATA is providing decentralized storage for NFTs along with general storage. Thats the prime difference b/w filecoin and CATA.
I guess filecoin was launched with different use case while utility of CATA is altogether different. CATA has identified shortcomings in blockchain and has proposed a decentralized storage for NFTs. Dont forget they are targeting two things NFTs and flow blockchain. Many like me are just waiting for the roll out of the project.