NEW YORK (July 2, 2025) - Perkins Coie is pleased to have advised Aptos Labs in its collaboration with Jump Crypto to co-develop Shelby, the first Web3 decentralized, cloud-grade hot storage protocol. Shelby is a high-performance, globally distributed, decentralized storage protocol designed to deliver fast, reliable access to large volumes of data while preserving decentralization guarantees.
The Aptos blockchain will be the native coordination layer for the protocol, although Shelby is designed to be chain-agnostic and support Ethereum, Solana, and other blockchains. For more information on Shelby, see Aptos Labs’ announcement here and the Shelby website.
The Perkins Coie Emerging Companies & Venture Capital (ECVC) advisory team was led by partner Eitan Hoenig, and included partner Michelle Edwards, as well as associate Issa Hawatmeh, with assistance from Technology Transactions & Privacy Law partner Adam Shevell and associate John Schoppert.
From incorporation to exit, Perkins Coie helps clients build great companies. Lawyers in our ECVC practice span the country, supporting the most innovative entrepreneurs and investors in all key technology-driven markets. Our ECVC lawyers have managed thousands of venture capital and private equity financings from pre-seed to growth equity, assisting clients in raising billions of dollars annually. They provide end-to-end legal and business counseling to the leading-edge companies of tomorrow in industries like artificial intelligence, clean technology, fintech and blockchain, digital media and gaming, deep tech, healthcare, biotech, consumer products, and everything in between.
