Bluzelle, a decentralized storage network, announced the release of the R2 mainnet file storage system designed to improve the decentralization of unusable tokens (NFTs) and related data.
The solution came amid growing concerns about the immutability of the Interplanetary File System (IPFS) protocol, a relatively intact storage model that is currently the standard for most NFT assets, including Cryptopunks and Beeple.
Twitter user Jonty Wareing shared a popular assessment of the fundamental shortcomings of IPFS for NFT projects.
Bluzelle CEO Pavel Bains spoke to Cointelegraph about the importance of NFT assets and the transition of data from IPFS storage to a truly decentralized system as the field goes mainstream.
“IPFS is a decentralized network. But it does not guarantee decentralized storage. Your NFT is in just one node. This button can go down. If users do not want to take this risk, they should use systems like blood cell that ensure their assets are safe in multiple locations at the same time. “
Related: NFT hype isn’t cooling down as Coinbase and FTX just go deeper
Bluzelle’s infrastructure has already been deployed on Mintable and is expected to roll out in a number of other NFT marketplaces in the coming months, subject to successful testing.
Implementing this decentralized model will reassure buyers and owners that their NFT assets are safe, secure, and resistant to compromise in the event of a platform shutdown, a similar model to hardware wallet storage for crypto assets.
Bains also shared his expectations for the mainnet launch and provided his views on the potential impact the rollout could have on Bluzelle’s ecosystem over the next year:
“This is our first real use case. Like ICOs for Ethereum. We can focus on one area and really serve these customers. I think NFT will expand and evolve in new ways, and so will allow Bluzelle to develop new features to support it. “
.
.
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…
Over the years, meme coins have evolved from inside jokes into serious investment opportunities.
Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…
Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…
Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…
This website uses cookies.