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Internet Archive should look into distributed models such as IPFS for storage of the archived sites.

The IPFS team is working with the Internet Archive on this.

Excellent, it may be a better way to provide spare bandwidth/storage similar to their https://archive.org/details/archiveteam-warrior

For sure. ArchiveTeam has explored providing mirrors of the entire Archive [+], but IPFS is a perfect fit for the task.