Flow Partners with Filecoin to Make NFT More Decentralized

Filecoin has become the official storage partner of the Flow Blockchain, the company is working to provide decentralized storage for NFTs built on Dapper Lab’s network.

Filecoin said in aannounceOn Oct. 13, the move was part of a push to ensure that holders and issuers NFTs “Safe to use anywhere”

The announcement follows a previous move in August in which Dapper Labs is working to integrate Filecoin’s storage service with the Flow Blockchain.

This integration allows Flow users to create NFTs, take advantage of InterPlanetary File System (IPFS) and store tokens in decentralized storage hosted by Filecoin.

According to Filecoin, IPFS issolutionFor location identification, which retrieves online data from a specific location on the web, such as from behind a URL, Filecoin confirms that this method has “Clear disadvantages” because the data relies on the central authority that owns the premises. so it can “Control content”

“In the content-based addressing Content will no longer be fetched from a single place on the web. Instead, the content will be fetched from nodes participating in the IPFS network with your requested content,” Filecoin explains.

As part of this partnership, Filecoin is also launching $5,000 worth of “Next Step Grants” for each NFT project.eligibleIn Flow integrated with IPFS or Filecoin network

“As Flow’s ecosystem grows, Filecoin’s decentralized storage solution will provide future applications built on Flow an easy way to protect NFT’s media assets and metadata. ” said the announcement.

Dapper launched the Flow Blockchain in late 2020, and the network is home to leading NFT projects including NBA Top Shot and CryptoKitties. September has become a big month. by signing cooperation with many leading companies Ready to raise up to 250 million dollars.

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