NFT Storage Market Development - outsourcing company Boosty Labs
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NFT Storage Market Development

The NFT storage market, which allows non-fungible tokens to be stored off-chain, helps NFT marketplace owners and token creators store data in a decentralized manner. Boosty Labs is the largest blockchain development outsourcing company in Europe. Its world-class fintech and cloud engineering team with a solid background of practice that combines consulting, strategy, design and engineering at scale, can help with outsource NFT storage market development.
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NFT Storage Market Features

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Retrieve

The NFT storage market allows easy access to the stored data. CIDs reference immutable content ensures that the content users are accessing is the original NFT data. The data is accessed via an IPFS desktop, IPFS command line or a public IPFS gateway. 

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Pin Manager

Simple and easy-to-use Pin manager, allows you to conveniently grab, manage and view IPFS files.

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API

Well-documented and developer-friendly API endpoints allow you to pin whatever you want to IPFS.

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Storage

Storage allows users to upload their data and save the IPFS hash of the content that is used in on-chain NFT data as a pointer to the content. Filecoin used for the long-term storage of data ensures that data is safe even in the situation of NFT storage failure.

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File Infrastructure

NFT Storage Market provides verified and secure files for your tokens. Prior to minting, you should upload through the NFT storage market, copy IPFS CID and attach an NFT.

NFT Storage Market Beneficiaries

Offline Users

Poor internet infrastructure hampers users on high latency networks. NFT storage solution guarantees stable data access regardless of backbone connectivity or latency.

Blockchain Developers

The NFT storage marketplace uses IPFS content addressing to allow developers to create permanent irreversible connections in transactions and store large files offline. While not storing content on the blockchain, you can keep it secure and timestamp it.

Service Providers

NFT storage market infrastructure allows service providers to store huge amounts of data, ensure safe peer-to-peer content delivery and slash the bandwidth costs.

Researchers

The NFT storage market allows researchers working with large distributed datasets to improve overall performance, increase the speed and decentralize archiving.

Archivists

The NFT storage market allows archivists to store archived data with clustered persistence, high performance and avoid deduplication.

Content Creators

The NFT storage market allows creators to mint their non-fungible tokens in a manageable way and deliver them  without intermediary control.

IPFS stands for InterPlanetary File System. Naturally, there is nothing cosmic here, the name is intended to emphasize speed and globality.. The author of IPFS Juan Benet compared his brainchild with the Internet. However, in the first place, this structure is closer to FIDO, but without a hierarchy. Or to torrent protocols, but it does not depend so much on the presence of “distributing” seed nodes in the network.

IPFS is a free storage of information with the highest degree of reliability. Initially, the system debuted as an additional opportunity to work with the Ethereum crypto coin, but it has the potential to grow as a universal tool. 

How does IPFS work? Each time you create a link to access the information you are looking for through IPFS, a unique hash (Content Identifier, CID) is created. It is not stored with reference to a specific web resource, but is located in a cloud repository. When updating the contents of the file, the CID remains the same, just a new hash is created. 

There is a system for accessing file versions of different relevance: InterPlanetary Naming System (IPNS). Each file is organized into small (up to 256 KB) blocks called IPLD-objects (InterPlanetary Linked Data). They contain part of the source file and links to a tree-like relationship with the same small blocks. 

Next, a separate communication service IPFS daemon (IPFS daemon) creates a cache of data or makes fixed links to request this information from other nodes of the blockchain network. The content request is organized in the same way as in a torrent – through a Distributed Hash Table (DHT). Theoretically, the protocol can exist autonomously for an unlimited amount of time without any communication channels with the traditional data distribution system. The system searches for nodes closest to the user with a copy of the required data – and it is they who give parts of the file.

Such technology is actually priceless. Closing a site organized in this way is useless: at least someone will have a copy of the contents of the repository, and it is unrealistic to physically ban all participants in the distribution of information. Unlike the classic torrent protocol, everything created on the basis of the blockchain is not physically tied to the storage of links, and therefore is considered the prototype of “eternal” sites.