We agree with you exactly: storage should be a commodity. The goal of making something like Wasabi is to be able to do cloud storage of datasets that were too large to be financially feasible before. Allowing data on the Petabyte and Exabyte scale to be easily accessible between institutions could be revolutionary and we are excited to be on the forefront.
Presently our main data centers are in Massachussetts (home sweet home) and Virginia (similar to that of AWS east). Having our data located here has advantages in the present cloud ecosystem that we are excited to roll our in the months to come.
Of note we are not cold storage: you can get your data back instantly whenever you want it.