Flow integrates Filecoin storage providers to make NFTs extra decentralized
Filecoin has formally develop into the storage collaborator for the Flow Blockchain.
Filecoin stated in an Oct. 13 announcement that the transfer was part of a push to make sure holders’ and issuers’ NFTs are “securely available everywhere.”
The announcement follows from a earlier transfer in August in Which Dapper Labs was working to combine Filecoin’s storage providers with the Flow Blockchain.
The collaboration permits Flow customers to mint NFTs, leverage InterPlanetary File System (IPFS) content material addressing, and retailer the tokens in decentralized storage hosted by Filecoin.
According to Filecoin, IPFS content material addressing is a solution to location addressing which retrieves on-line info from particular places on the net, comparable to from behind URLs. Filecoin asserts that this methodology has “obvious downsides” as the info depends on centralized entities who personal the places, and subsequently can “control the content.”
“In content-based addressing, content is no longer retrieved from single locations on the web. Rather, content is retrieved from any participating nodes on the IPFS network that have the content you’re requesting,” Filecoin outlined.
As a part of the collaboration, Filecoin has additionally opened “Next Step Grants” value $5,000 for every eligible NFT venture on Flow that integrates with IPFS or Filecoin’s community.
“As the Flow ecosystem grows, Filecoin’s decentralized storage solution will allow future applications that are built on Flow to have an easy way to protect NFT media assets and metadata,” the announcement learn.
⛓️ Immutable NFT metadata, together with media belongings, by way of @IPFS content material addressing
Filecoin’s provable and decentralized storage
Full announcement https://t.co/iwEd1JpEVk
— Flow Blockchain (@flow_blockchain) October 14, 2021
Dapper launched the Flow Blockchain in late 2020, and the community is dwelling to prime NFT initiatives, together with NBA Top Shot and CryptoKitties. September was an enormous month for Dapper, with the agency signing a number of partnerships with prime companies, together with elevating $250 million in funding.
Cointelegraph reported on Sept. 14 that Google had partnered with Dapper to function a community operator for Flow. Google signed on to help the event of Web 3.0 services and products comparable to NFT initiatives with “scalable” and “secure infrastructure.”
Related: Blockchains vie for NFT market, however Ethereum nonetheless dominates — Report
On Sept. 30, the NFL partnered with Dapper to launch an American soccer equal of NBA Top Shot on Flow, which is slated to drop later this 12 months.
During the announcement of the $250 million funding spherical, Dapper outlined that the recent capital shall be used to fund additional licensed NFT initiatives throughout sports activities, music and leisure, together with scaling up its NBA Top Shot platform.