Filecoin is the new FLOW Blockchain storage partner

15. Oktober 2021

Sophie Müller

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Filecoin also launches a “Next Step Grant” for emerging NFT projects on Flow

The developer-friendly Blockchain network Flow Blockchain has Data storage system Filecoin will be his official storage partner. The partnership between the two companies should accelerate the end-to-end possession of non-fungible tokens (NFTS) and enable owners and issuers to save their NFTs safely and access them from anywhere

The announcement comes months after Dapper Labs, which is primarily known for its development of the popular NBA Top Shot NFTS, has explained that it is working on integrating the flow blockchain into the storage services offered by Filecoin.

In terms of the importance of cooperation for the broader NFT market, Flow Blockchain said that integration with Filecoin will enable users and developers to be more open, robust and decentralized.

It added that the integration would help you manage not only your NFTs, but also all the associated media assets and metadata in order to enable decentralized storage of data in the blockchain.

Flow Blockchain now has access to the Interplanetary File System (IPFS) from Filecoin, a solution that can replace the location addressing with the content of the content.

The location addressing is a process in which platforms can access the data of users based on certain locations on the web. This method, Filecoin , argued , because it puts the data in a central location that the location has.

“ In content-based addressing, content is no longer accessed by individual places on the web. Instead, content is called up by all participating nodes in the IPFS network that have the content you requested ”, explained Filecoin.

Cooperation will also enable flow users to shape NFTs and token in the blockchain-based cooperative digital memory of Filecoin.

Filecoin also launched a “Next Steps Grant” of $ 5,000 for each NFT project in question, which works on Flow-Blockchain and is integrated into IPFS. The announcement said that projects were continuously selected for the grant, and added that larger development grants, common hackathons and other ways to enable flow users to use the resources of the Filecoin ecosystem in the pipeline.

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Source: Coinlist.me