Are NFTs a full-on rip-off? In 2022, 1000’s of NFTs for the Coachella music pageant have been frozen leaving customers with none artwork of their NFTs. Why? The precise property have been held on servers that belonged to FTX. This can be a drawback with NFTs as an entire and never simply ones related to Solana and FTX. It’s a bug within the system whereas we bridge the hole between Web2 and Web3. Is there an answer? Or is that this the achilles heel for NFTs? And I’m wondering if Filecoin has something to say about it.
0:00 Intro
0:52 The Downside
1:38 Parler
2:32 Why Decentralized is Higher
4:12 What’s Filecoin?
5:14 Filecoin for Storage
6:11 IPFS
7:18 FVM
8:07 Conclusion
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All of our movies are strictly private opinions. Please make sure that to do your personal analysis. By no means take one particular person’s opinion for monetary steering. There are a number of methods and never all methods match all individuals. Our movies ARE NOT monetary recommendation. Digital Property are extremely risky and carry a substantial quantity of threat. Solely use exchanges for buying and selling digital property. By no means maintain your complete portfolio on an change.
Sources:
https://decrypt.co/114856/coachella-tomorrowland-solana-nfts-stuck-ftx
https://filecoin.io/
https://www.coindesk.com/consensus-magazine/2022/12/19/23-blockchain-predictions-for-2023/
https://www.dataunitconverter.com/exbibyte-to-terabyte/1
https://cointelegraph.com/information/filecoin-foundation-donates-10m-in-fil-tokens-to-internet-archive
https://filecoin.io/weblog/posts/what-the-fvm-unlocks/
#bitcoin #ethereum #crypto #information #nft #financial system #cash #blockchain #make investments #inflation #cardano #cryptocurrency
