Filecoin developers introduce NFT storage service

by in Cryptocurrency News

Filecoin

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.

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

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