Flow integrates Filecoin storage service to achieve more decentralization of NFT

Filecoin has officially become a storage partner of the Flow blockchain.

In an Oct. 13 statement, Filecoin said the move is part of an effort to ensure holders and issuers’ NFTs are “safe to use everywhere.”

The announcement follows Dapper Labs' work on integrating Filecoin's storage service with the Flow blockchain in August.

The partnership enables Flow users to mint NFTs, use Interplanetary File System (IPFS) content addressing, and store tokens in decentralized storage hosted by Filecoin.

According to Filecoin, IPFS content addressing is a location addressing solution that retrieves online information from a specific location on the web, such as from a URL. Filecoin claims that this approach has "obvious disadvantages" because the data relies on a centralized entity that owns the location and therefore "controls the content."

Filecoin outlines: "In content-based addressing, content is no longer retrieved from a single location on the network. Instead, content is retrieved from any participating node on the IPFS network that contains the content you requested."

As part of the partnership, Filecoin has also opened up “Next Step Grants,” worth $5,000, for every eligible NFT project on Flow that integrates with IPFS or the Filecoin network.

“As the Flow ecosystem grows, Filecoin’s decentralized storage solution will enable future Flow-based applications to use simple methods to secure NFT media assets and metadata,” the statement read.

This is happening! Filecoin Becomes Official Storage Partner

With IPFS content addressing, NFT metadata cannot be changed, including media assets,

Provable and decentralized storage for Filecoin

— Flow Blockchain (@flow_blockchain) October 14, 2021

Dapper launched the Flow blockchain in late 2020, and the network is home to top NFT projects, including NBA Top Shot and CryptoKitties. September was a big month for Dapper, with the company signing multiple partnerships with top companies and raising $250 million in funding.

Cointelegraph reported on Sept. 14 that Google has partnered with Dapper to become Flow’s network operator. Google signed up to support the development of Web 3.0 products and services, such as NFT projects with "scalable" and "secure infrastructure."

On Sept. 30, the National Football League (NFL), in partnership with Dapper, will launch the American Football NFT equivalent of NBA Top Shot on Flow, which is expected to launch later this year.

In announcing the closing of its $250 million funding round, Dapper outlined that the new funds will be used to further fund licensed NFT projects in sports, music and entertainment, as well as expand the scale of its NBA Top Shot platform.

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