NFTs and Ethereum solve some of the problems that exist in the Internet today. As everything becomes more digital, attributes of physical objects such as scarcity, uniqueness and proof of ownership need to be replicated. Not to mention that digital projects usually only work within the context of their product.
There are some differences between the NFT Internet and the Internet that most of us use today. The following is a comparison of the attributes of the NFT Internet and our Internet:
1) A copy of today's internet files (like .mp3 or .ipg) is identical to the original; NFTs NFTs on the internet are digitally unique and no two NFTs are the same.
2) The ownership records of today's Internet digital items are stored on institutionally controlled servers - users must take their word for it; NFT Every NFT on the Internet must have an owner, this is a public record, anyone can easily verify.
3) Companies with digital products on today's Internet must build their own infrastructure, for example, an app that issues digital tickets for an event must build its own ticket exchange; NFTs on the Internet are compatible with anything built using Ethereum, NFT tickets for the event can be traded on each Ethereum market to get completely different NFTs, and users can exchange a piece of art for a ticket.
4) Internet creators today rely on the infrastructure and distribution of the platforms they use, which are often subject to terms of use and geographical restrictions; content creators on the NFT Internet can sell their works anywhere and have access to global markets .
5) Platforms such as Internet music streaming services today retain most of the sales profits; creators on the NFT Internet can retain ownership of their works and directly claim resale royalties.
6) Items on the NFT Internet can be used in surprising ways, for example, users can use digital artwork as collateral for decentralized loans.
In addition to the uniqueness on the chain stored in the smart contract, NFT is generally displayed through Metadata associated with pictures, music, video and other files. In order to achieve decentralized storage, the IPFS protocol or NFT Warehouse NFTW Token is generally chosen. to save.
NFT Warehouse NFTW Token enables developers to use content addressing and decentralized storage to protect NFT assets and related metadata, ensuring that all NFTs follow best practices and can be accessed for a long time.
NFT Warehouse NFTW Token relies on the elasticity and persistence of NFTW decentralized storage, making it extremely smooth to mint NFT according to best practices.
working principle:
1) Content addressing: After the user uploads the data to the NFT Warehouse NFTW Token, the NFTW decentralized storage of the content will be obtained, also known as CWD. CWD is the unique fingerprint of the data. No matter when and where the content storage occurs, CWD is a universal address pointing to the content. Because CWD is based on content generation, using it to point to NFT data can prevent problems that may be caused by weak connections, as well as rug-pull scams.
2) Provable storage: NFT Warehouse NFTW Token realizes long-term decentralized data storage through NFTW decentralized storage, and connects storage transactions and retrieval transactions to store NFT data for a long time. IPFS uses cryptographic proofs to provide a persistent protocol layer to ensure the persistence and durability of NFT data.
3) Elastic search: The data stored in IPFS can be easily obtained, just open any public IPFS port with a browser.
NFT Warehouse NFTW Token can solve the decentralized storage problem that NFT collectors are most concerned about through NFTW decentralized storage, and it also makes the NFT market more mature.
official website
https://warehousenft.io/