Friday 12th August 2022

Bluzelle’s New R2 File Storage Solution Helps Decentralize NFT Marketplaces By CoinQuora


Bluzelle’s New R2 File Storage Solution Helps Decentralize NFT Marketplaces
  • Reportedly, Bluzelle will be releasing its file storage solution on mainnet.
  • This will allow Bluzelle to provide a solution for saving immutable files on decentralized storage.
  • The team says this solution will focus on NFT platforms, which highlights the need for storage solutions.

Bluzelle, a decentralized database provider, is releasing its anticipated file storage solution on mainnet, reports say. In detail, Bluzelle will provide a simple but resilient solution for saving immutable files on decentralized storage. Primarily, this solution aims to target NFT platforms, where the growth of digital art and media highlight the need for a flexible and relentless storage solution.

Moreover, Bluzelle’s release of the file storage mainnet signifies its transition from a raw data storage provider to a hosting platform for all types of files that demand high security, unrivalled availability, and censorship resistance. Similarly, these features will make Bluzelle an ideal platform to host content connected with non-fungible tokens (NFTs). This content includes 3D digital art pieces or video reels of particular moments, presented in NFTs.

CEO of Bluzelle — Pavel Bains, commented on this matter, saying:

Time and time again in crypto we see solutions that are not as decentralized, not as secure or not as advanced become the norm. Why? Because people care about usability above all, and this factor will always trump any kind of ideological or ‘nice to have’ criteria. This is why our file storage solution aims to be decentralized without sacrificing usability. Too many engineers get lost in designing a cool piece of tech for its own sake, few of them care about how the end-user will perceive it.

The team at Bluzelle narrated that the previous solutions for decentralized storage had several drawbacks related to usability and cost. This also includes unnecessary requirements for holding tokens, paying each storage node in the network separately, and slow and expensive file retrieval.

Furthermore, the team says that the continued file immutability in previous systems is not even guaranteed. If the nodes that the users chose fail to operate, the files could be lost forever. Specifically, this issue concerns IPFS — currently the most widespread method for storing NFTs or Web3 data. To clarify, the date initially stored on IPFS is saved on just one node. Hence, replicating the file carries additional cost and effort.

On the other hand, Bluzelle solves this kind of problem. With Bluzelle, data is stored nearly simultaneously in all network nodes — having just 10 secs to be replicated on each and just one request from the user. Moreover, Bluzelle’s concurrent design enables significant performance gains for streaming large files, as well as frees the users from paying more for additional speed. Here, Bluzelle takes pride in using peer-to-peer architecture similar to torrents. This means Bluzelle users can download files from all 50+ nodes at once. However, this number is still expected to grow as the network matures.

At the moment, Bluzelle is already being used in major NFT platforms like Mintable. There are also several others that are already in the testing phase, and will, later on, be announced for the public to know. Suffice to say, this means that NFT buyers on these platforms can already feel and be confident in knowing that the assets they bought will endure forever. Of course, this is thanks to the decentralized nodes built on Bluzelle.

Founder and CEO of Mintable — Zach Burks, also noted:

Most people are not aware that most NFTs will disappear in a year or more once either their website is taken offline, it gets censored, or if it’s on IPFS, it will just get deleted from lack of use. With Bluzelle we have permanent file storage that is decentralized across the entire planet for your NFTs — so in 50 years, they will still be around and valuable. All without even needing to pay gas costs using gasless minting on Mintable.

Indeed, Bluzelle’s efficient and user-friendly architecture makes it stand out from the rest of the competition. It makes Bluzelle excel at uncensorable and resilient public file storage. As the NFT art ecosystem is one of the largest markets that require this solution, it will need high-quality and cost-efficient storage for each piece of media tied to an NFT. Albeit rare, there are samples of NFTs stored on Amazon (NASDAQ:) Web Services. However, these are completely anti-ethical to the promise of NFT as an immutable and uncensorable item.

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