Filecoin announced last Friday, August 27, through its Twitter account, that it has joined Dapper Labs, to establish best practices for NFT data storage and spearhead end-to-end ownership of NFTs, including underlying media assets.
“Dapper Labs is integrating Filecoin to spearhead end-to-end ownership of NFTs, including underlying media assets, and to establish best practices for storing NFT data”, he said via an article posted on his website.
According to the company, Dapper Labs, the team behind CryptoKitties, Dapper Wallet, and the successful NBA Top Shot have built a formidable ecosystem in the gaming and NFT space. Flow blockchain was conceived by the team and designed for extensive scaling without the use of fragmentation techniques, to preserve the full power of composability, providing fast, low-cost transactions that lend themselves well to dapps that target a wider majority audience, starting with the world of entertainment such as music, sports, games, art, fashion and more.
The intersection of Filecoin and Flow
The company assured that NFT creators who develop the blockchain flow can create immutable NFT metadata with rich media (including videos), using IPFS addressing content and demonstrable and decentralized storage, with Filecoin. NFT.Storage, backed by Protocol Labs and Pinata, makes it easy to protect NFT assets and associated metadata, ensuring that all NFTs follow best practices to remain accessible for the long term.
Next Step grants of $5,000 each
In their judgment, any project that actively integrates with IPFS, Filecoin, or related services like Pinata or NFT.Storage may qualify for the grant, subject to five simple criteria.
“Grant-funded projects will also have the opportunity to join future acceleration programs, promote ideas to the broader Filecoin and Flow ecosystem community, and connect to technical, product and other potential resources in support of the Filecoin ecosystem”, added.