Basically, all products in the metaverse will be NFT, but this will lead to more and more NFT data, which is where the metaverse seeks a breakthrough.
Importantly, the data must be stored permanently and the data cannot be manipulated to ensure uniqueness. As you may have guessed, there is IPFS distributed storage that meets these requirements in the blockchain.
Filecoin is an incentive layer that runs on IPFS and the blockchain distributed memory network. It turns cloud memory into an algorithmic market where tokens play a very important role.
The token is an interconnection bridge between exchange resource (storage and retrieval) users (IPFS users) The Filecoin protocol has two trading markets: data retrieval and data storage. Both parties to the transaction put forward their needs in the market and complete the transaction.
IPFS and Filecoin promote each other and grow together to solve data storage and data distribution problems on the Internet. Especially with the development of many blockchain projects, IPFS and Filecoin have become an infrastructure.
Therefore, we can see more and more blockchain projects using IPFS as a storage solution because it provides a cheaper, safer, and faster storage solution.
Culturally significant data is already stored in the Filecoin network: the entire Wikipedia database is stored in the Filecoin network, which not only helps to expand the reach of Wikipedia, but also helps to check whether this valuable public data is freely accessible .