Yuga Labs, the parent company of BAYC NFT, is currently in the process of raising approximately $5 billion worth of funds. The total market value of NFTs hit a record high of $33 billion. Traditional industry giants, such as Disney, Porsche and Burberry, have ventured into the NFT field. A host of celebrities such as Elon Musk and Stephen Curry have also followed the trend of issuing exclusive NFT digital assets. Numerous NFT startups and developers have sprung up, made evident by the frenzy for NFTs in the market.
As NFTs continues to march into the mainstream, many NFT creators and sellers are reaping lucrative profits, and buyers are scrambling to get their millions of dollars and unique NFT works. Where to store and how to store safely and permanently are becoming an issue that NFT owners have to think about.
“Not on IPFS, Not your NFT”
Huan, the founder of IPFS and Filecoin, tweeted, “Not on IPFS Not your NFT”. In order to keep the valuable NFTs alive, many NFT developers and owners have moved the files to the IPFS network developed by Protocol Labs.
IPFS provides the perfect carrier for storing and addressing NFTs, supporting the large amount of computation and storage data brought by NFT, and facilitating the retrieval of mass and differentiated amounts of NFT data. When an NFT owner uploads a file to the IPFS network, a corresponding CID will be generated, which is a set of data based on the file location and file details. This NFT file can be hosted on a single node or scattered across many nodes.
Filecoin, a sibling project of IPFS, provides long-term hosting storage for NFT file data, ensuring that the files are permanent and not subject to attack or being deleted. There are currently 25 millions NFT’s uploaded in the Filecoin system, at a rate of almost one NFT per second. This rate will get faster in the future.
The CEO of OpenSea (NFT marketplace) once stated: it was critical to protect NFT metadata in a secure and cost-effective way through the hosting and storage of NFT files on IPFS and Filecoin.
ORIGIN Storage provides secure storage for NFTs
ORIGIN Storage, as a Web3.0 distributed storage infrastructure service platform, focused on IPFS and Filecoin storage for a long time, using IPFS and Filecoin to provide secure, easy-to-use, and efficient decentralized storage solutions for NFT project developers. This brings great convenience for NFT developers to easily access the IPFS network. With the help of ORIGIN Storage, NFT project developers are able to deploy specialized IPFS nodes with one-click access to connect to the IPFS network and can conveniently store files on the network. Meanwhile, users can easily perform content-addressing on the IPFS network. All in all a secure, permanent and convenient storage solution for NFT developers is being provided.
Filecoin smart contracts will come into effect in the near future. The cross-domain and cross-ecological value interaction and unlimited development potential are worthy of people’s expectation! ORIGIN Storage will as always, pay close attention to and continue to lead the asset storage security for NFT project developers!
For more information, please get in touch with ORIGIN Storage:
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