@kyletut
They do some interesting things similar to IPFS and Filecoin but have three main problems.
1) ETH specific. The advantage of IPFS is it is blockchain agnostic. So, it is interoperable across chains giving it a distribution advantage.
2) Like Filecoin and Arweave, it is built around solving persistence, specifically through incentives. This creates way too much technical overhead, significantly increasing cost and efficiency.
3) It can't run locally. If we are gonna have robots transacting crypto, the file storage needs to run all the way to the edge to ensure cryptographic verifiability.
Tl;Dr: Mainly a variation of Filecoin/Arweave solving the wrong problem
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