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Pemalite said:

Games are also ballooning in size... It makes it hard to fit a game on disc/cart these days when the media itself hasn't actually kept up with increased data sizes.

We need a successor to Blu-Ray.

Digital killed the research into HVD :/

The Holographic Versatile Disc is an optical disc technology that was expected to store up to several terabytes of data on an optical disc 10 cm or 12 cm in diameter. Its development commenced in April 2004, but it never arrived due to lack of funding. The company responsible for HVD went bankrupt in 2010. Wikipedia
Capacity: 3.9 TB

Sony opted for a higher density blu-ray instead, only doubling its capacity.

https://www.tech-faq.com/hvd.html
Killed by non forward thinking, need cheap solution now. So we're stuck with big HDD banks. WD is up to 22TB now but only up to 265 MB/s transfer speed. Which is still a lot more than the backup drives I use. Last time I made a carbon copy of my 1.4TB backup took almost 24 hours :/