Why is NFT different? How can filecoin distributed storage solutions enable NFT?

The nature of NFT “heterogeneous general evidence” determines the difference of NFT.

People’s pursuit of “uniqueness”, “differentiation” and “uniqueness” accelerated the arrival of NFT upsurge.

The vulnerability of NFT storage infrastructure has long foreshadowed the inevitability and broad prospect of NFT and filecoin.

Next, let’s talk in detail why NFT is so different? Why does NFT need filecoin? How does filecoin help NFT get better?

Why is NFT different?

Maybe, many people have doubts. What is NFT? What is the reason why NFT is “heterogeneous”?

All this has to be said from the source of NFT.

At present, most of the general certificates we have seen, such as usdt, Dai and other stable coins, as well as the defi tokens such as land, yfi, SNx and uni are created and issued on erc-20 of Ethereum.

The general evidence created on erc-20 of Ethereum is homogeneous. For example, based on the usdt of erc-20, the 12 usdts in your hand are the same as those in my hand.

In fact, there are many “homogenization certificates” in our daily life. For example, Coca Cola on supermarket shelves is of the same value. For example, your Yida gum and my Yida gum can be exchanged.

NFT is different.

The bottom layer of NFT is based on Ethereum erc-721 and erc-1155. Based on the general certificate created on erc-721 and erc-1155, each has its own characteristics and has its own value, which cannot be unified.

Erc-721 is a common standard for creating NFT. Erc-721 allows you to create contracts with different properties that can be distinguished tokens. A common example is cryptokitties, a game that allows the collection and reproduction of virtual kittens, but each encrypted cat has different colors, varieties, and algebra, so the price of each cat is different.

Erc-1155 is used to create NFT in the next step, and the erc-1155 standard allows developers to freely define homogeneous and non-homogeneous tokens and specify the number. For example, in many games such as worldofwarcraft, players can hold heterogeneous items (such as sword, shield, armor) and homogenized items (such as gold or arrow) at the same time. Homogenized items are the same attack ability, but the defense and attack ability of heterogeneous items are different.

In summary, the characteristics of erc-721 and erc-1155 used in the bottom layer of NFT determine the difference of NFT.

Three problems in NFT

NFT is part of the blockchain and supported by blockchain technology, but does not mean that NFT is perfect. In fact, many NFT are vulnerable to damage or even manipulation.

Risk of “non genuine”: the artist’s work is sold without my consent, and according to artist Derek Laufman, someone sold his artwork in NFT form on rarable by forging his personal data. Generally speaking, in order to ensure the authenticity of art, people need to verify the intelligent contract of NFT on blockchain browser Etherscan, but many NFT projects do not complete the necessary verification, which means that relevant counterfeit products may appear in the market.

Traditional storage “ownership” dispute: the reason why NFT can be pursued is that NFT represents ownership. But most NFT projects adopt traditional centralized storage methods, which means that these NFT are open to storage service providers and can be changed at will. It means that in the context of centralized storage, NFT projects are fragile. Even according to Twitter users, there are some problems such as rug pull in NFT projects.

Traditional storage “time permanence” cannot be guaranteed: we all know that traditional centralized storage can not guarantee the permanent and sustainable of the website. On average, the service life of the website is between 2 and 5 years. NFT is stored on the traditional cloud storage network, and the company with service fails, then NFT will disappear.

People buy NFT, which is the real ownership of NFT.

Only real ownership can we have scarcity and uniqueness, and can satisfy people’s psychological pleasure and pride after buying. Therefore, most people pay for the “uniqueness” of art instead of art itself.

From the above analysis, it is not difficult to find that when NFT is stored in traditional servers, the “uniqueness” and “permanence” of NFT cannot wait for confirmation of power, which can not only ensure the interests of the buyer itself, but also harm the development of NFT industry.

How does filecoin help NFT?

First, we should understand that NFT projects are not stubborn about storing data in traditional data centers, but because there are certain restrictions on the size of data directly stored in blockchain. For example, bitcoin, which has been issued for ten years, has stored data that is a lot better than filecoin.

However, IPFs is a kind of hypermedia transmission protocol based on content addressing, versioning and point-to-point. It is a P2P distributed file system. The new generation communication protocol of benchmarking HTTP aims to build a more open, fast and secure Internet.

Filecoin is the only incentive layer of IPFs network. In the time of more than half a year of the main network online and less than a year, filecoin network has stored nearly 5eib data.

IPFs and filecoin are more focused on speed and security than HTTP, and can be used to store NFT assets.

Filecoin realizes distributed data storage for buyers and creators, while IPFs replaces traditional https://address addressing with content, and content is confirmed by encryption hash rather than address. IPFs can even help creators cast and store NFT by applying minty on a simple command line.

Therefore, in theory, filecoin and IPFs can lead the safe storage of NFT.

In fact, filecoin has introduced a free NFT distributed storage solution that helps NFT get better with practical action.

According to the official blog message of filecoin, filecoin has launched a free NFT distributed storage solution, nft.storage.

Nft.storage a service built by protocol lab and Pinata for NFT data storage, enabling developers to protect NFT assets and related metadata with content and decentralized storage, and ensure that all NFT follows best practices and has long-term access.

In short, nft.storage makes use of the flexibility and persistence of IPFs and protocol currency, so that developers can store NFT data on distributed network. The conversion process becomes simple, safe and free! With just a few lines of code, anyone can maintain the persistent storage of NFT through IPFs and filecoin.

In general, filecoin can provide persistent protocol layer through cryptography to guarantee the persistence and durability of NFT data. At present, based on filecoin, NFT can realize long-term distributed data storage, butt storage transactions and retrieval transactions, and long-term storage of NFT data security, accessibility and uniqueness. The combination of NFT and filecoin is expected to accelerate the landing of blockchain and a new round of outbreak!