What Iagon does

Iagon is a Decentralized Autonomous Organization (DAO) founded in 2017 by Dr. Navjit Dhaliwal (CEO) and Dr. Elad Harison, headquartered in Hamar, Norway with team presence in Oslo, Warsaw, Melbourne, and Kathmandu. The organization builds a decentralized cloud storage and compute platform on the Cardano blockchain, where files are encrypted, sharded via a proprietary algorithm, and distributed across a network of independent node operators. Access controls and storage subscriptions are secured via NFTs minted on Cardano. The product portfolio centers on three core offerings: a Storage product for end-user decentralized file storage, Cyclone Qs for shared storage and compute workloads, and an Earn/Node Operations program that lets resource providers monetize idle capacity. Supporting tools include the LP Calculator (reward estimation) and a Network Performance Explorer.

The business model is community- and product-led rather than sales-driven. Storage users sign up directly via app.iagon.com, pay subscription fees denominated in fiat-converted IAG tokens, and 90% of those fees are passed through to node operators based on performance; node operators additionally receive IAG staking rewards. Pricing is set by marketplace supply and demand rather than corporate pricing decisions, and the company claims an 80% cost reduction versus traditional cloud storage. Distribution is fully self-serve and global, with marketing executed through a Linktree community hub, HubSpot-driven newsletter, technical documentation portal, and social media — no resellers, channel partners, or enterprise sales motion are evident. Customer segments are horizontal: Web 3.0 users and DApp developers needing decentralized storage, privacy-conscious individuals, and node operators seeking yield on idle capacity. The organization holds a filed-pending patent on a decentralized marketplace for distributed computing and storage and operates under GDPR, CCPA, and LGPD privacy frameworks via its privacy policy and third-party KYC provider Sumsub.

Name

Iagon

Legal name

Iagon

Website

https://iagon.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Iagon is a Norway-founded decentralized cloud storage DAO operating on the Cardano blockchain, serving Web 3.0 users, DApp developers, and node operators with encrypted, sharded file storage, a shared compute product (Cyclone Qs), and token-based storage and staking rewards.

Ownership category

akta.pro rank

Product category

Decentralized Cloud Storage

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Warehousing and Storage (493)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Public Warehousing & Storage (4220)

akta.pro primary industry

Decentralized Storage, Compute & Networking (IPFS/Filecoin, compute markets, DePIN) (FSAPAAAK)

akta.pro secondary industries

Decentralized Data Availability & Storage Verification (DA layers, proofs of storage/replication, audit networks) (FSAPALAH), Decentralized Storage Node Operators (e.g., storage providers) (FSADAKAJ)

Keywords

• Decentralized cloud storage
• Blockchain storage network
• Distributed computing marketplace
• Cardano storage platform
• Decentralized data infrastructure

Headquarters

HQ city

Hamar

HQ country

Norway

HQ region

Europe

Offices4 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Storage Subscription Fees: Users pay subscription fees for cloud storage services. 90% of storage user subscription payments are distributed to Node Operators based on node performance. Subscriptions are priced against fiat currency with exchange rates applied to IAG tokens.
2. IAG Token Staking Rewards: Node Operators receive additional IAG token staking rewards on top of subscription fee earnings. Rewards are distributed based on node performance and staking contribution.
3. IAG Token Utility: IAG token is a utility token that provides access to Iagon's cloud platform for storing or processing data. Token is used for payments and rewards on the platform.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Iagon operates a decentralized cloud storage network built on the Cardano blockchain, allowing users to encrypt, shard, and distribute files across a global network of node operators. The platform enables individuals to securely store data in a trustless, permissionless manner using blockchain-based NFT access control and a demand-supply marketplace pricing model. Node operators contribute idle storage capacity to the network and earn subscription fees and IAG token staking rewards.

Product overview

Iagon is a decentralized cloud storage platform operating as a global tech DAO founded in 2017. The platform offers a portfolio of interconnected Web 3.0 products: its core Storage product provides decentralized file storage with encryption and sharding on Cardano; Cyclone Qs enables shared storage and compute economy; the Earn/Node Operations program allows resource providers to contribute storage and earn rewards; LedgerFlow and Providers are supporting technologies for ledger management and storage provision. The ecosystem is tied together through the LP Calculator for reward estimation and Network Performance Explorer for monitoring. All products leverage Cardano blockchain for security, smart contracts, and NFT-based subscription management.

Differentiator

Problem solved

Functional benefit

Brands

• Cyclone Qs: Shared storage and compute economy platform
• Volo
• LedgerFlow

Products and services

• Iagon Storage Decentralized cloud storage solution built on the Cardano blockchain that encrypts, encodes, and shards files across a distributed network of node operators. Users upload files via app.iagon.com, subscribe in IAG tokens, and control access through minted NFTs. Designed for individuals, Web 3.0 users, and DApp developers seeking trustless, private, and cost-effective storage.
• Cyclone Qs Shared storage and compute economy platform that extends the Iagon network with distributed computing capabilities, enabling resource sharing beyond pure storage. Targeted at users and developers in the Iagon ecosystem who need combined storage and compute resources on the decentralized network.
• Earn (Node Operations) Resource provider program that allows node operators to contribute storage capacity to the Iagon decentralized network via dashboard.iagon.com. Operators connect Cardano wallets, stake IAG tokens, and earn 90% of storage subscription fees plus IAG staking rewards based on node performance. Designed for individuals and small operators with idle storage capacity seeking passive income.
• LP Calculator Standalone Liquidity Providers Reward Calculator tool that lets prospective node operators estimate potential rewards from contributing storage capacity to the Iagon network. Used for planning and onboarding of storage providers.

Quantifiable outcome

• 80% cost reduction vs traditional cloud storage services
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• CardanocoreTechnology or IntegrationIagon is built on the Cardano blockchain, leveraging its green, cost-efficient, scalable, and interoperable infrastructure with smart contract capabilities. Storage subscriptions and file access settings are secured with minted NFTs on Cardano.
• CirclecoreTechnology or IntegrationCircle's USDCx native stablecoin integration delivered live as part of Cardano Critical Integrations (CCI V1) program.
• Pyth NetworkcoreTechnology or IntegrationPyth Network oracle feeds integration delivered live as part of Cardano Critical Integrations (CCI V1) program.
• Dune AnalyticscoreTechnology or IntegrationDune Analytics analytics coverage integration delivered live as part of Cardano Critical Integrations (CCI V1) program.
• FireblockscoreTechnology or IntegrationInstitutional custody integration via Fireblocks under negotiation for full native L1 integration in CCI V2 program. ₳70,000,000 community-approved funding for CCI V1 program.
• Sum and Substance Ltd (Sumsub)minorImplementation/ SI/ Consulting PartnerThird-party KYC provider for token sale compliance, conducting identity verification, PEP checks, sanctions screening, and due diligence. Company incorporated in England (Company number 09688671).

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Filecoin: Decentralized storage network built on IPFS with token-incentivized storage providers. Closest direct competitor to Iagon in the DePIN storage category, with a far larger node network and capital base.
• Storj: Decentralized cloud storage provider paying node operators in STORJ tokens for unused drive capacity. Directly competes with Iagon on the same shared-economy storage model for privacy-conscious and cost-sensitive users.
• Arweave: Permanent, decentralized storage network using a one-time-fee endowment model. Competes with Iagon for Web3/NFT/dApp permanent storage workloads and is a comparable blockchain-native storage alternative.
• Sia: Decentralized storage marketplace using smart contracts and rented host capacity. Operates a similar two-sided token-incentivized model to Iagon for affordable decentralized cloud storage.
• Crust Network: Decentralized storage network built on Polkadot with IPFS-style meaningful-work storage proofs. Comparable DePIN storage competitor with similar node operator economics but different base blockchain.

Broad incumbents

• IPFS (Protocol Labs): Foundational decentralized storage protocol underlying Filecoin. Operates at the infrastructure layer that Iagon's Cardano-built sharding layer competes with for Web3 file storage workloads.

Emerging players

• Akash Network: Decentralized compute marketplace on Cosmos with token-incentivized providers. Adjacent competitor as Iagon expands via Cyclone Qs into decentralized compute beyond storage.
• Render Network: Decentralized GPU rendering/compute network with tokenized provider economics. Comparable DePIN provider-rewards model relevant to Iagon's stated compute roadmap via Cyclone Qs.
• Pinata: IPFS-based pinning and storage service for NFT and Web3 developers. Targets the same Web3 developer/NFT storage customer segment Iagon pursues with its NFT-based access control.
• Web3.Storage: Developer-friendly IPFS and Filecoin storage service from Protocol Labs. Competes for the same DApp and NFT storage use cases with simpler abstractions than Iagon's Cardano-native architecture.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IagonOfficial

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Iagon