I am wondering if Web3 can be developed to a live storage like cloud, for various use cases like Google Drive doc access/editing and perhaps data/databases for webpage displays.
Absolutely! Check out what Dfinity is doing with their ICP product, although focused on compute it also has storage.
As an example, to develop on ICP you could use Fleek to build out an app for Web3.
I didnt know the insane clown posse had a product for compute an storage, Maybe you should put the actual name…Cause google search doesnt find it.