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Filecoin Developers Introduce NFT Storage Service

Protocol Labs, behind the development of the Filecoin decentralized platform, has released a free service called NFT.Storage. It is designed to store non-fungible tokens.

The service was developed in conjunction with blockchain startup Pinata. It is based on Filecoin and IPFS technologies.

NFT.Storage provides the ability to protect tokens and their associated metadata. The platform guarantees the storage of information for a long time.

When a user uploads data to a service, the IPFS protocol generates an address associated with a unique cryptographic hash identifier (CID). This approach avoids a number of problems, for example, the appearance of broken links.

For decentralized storage of metadata, the service uses the Filecoin protocol. The data can be accessed through any public IPFS gateway.

Recall that in April, the OKEx bitcoin exchange announced that it was investing $ 10 million in the development of the Filecoin ecosystem. Through the Block Dream Fund, it will provide funding for the Slingshot, Launchpad Accelerator and Frontier Accelerator projects.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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