The mainnet R2 file storage system from Bluezelle aims to provide a decentralized alternative to IPFS.
Bluzelle, a decentralized storage network, has announced the release of its mainnet R2 file storage system, which is intended to improve the decentralization of nonfungible tokens (NFTs) and the data associated with them.
The solution was developed in response to growing concerns about the lack of immutability on the InterPlanetary File System (IPFS) protocol, a relatively unknown model of storage that currently serves as the gold standard for the majority of NFT assets such as Cryptopunks and Beeple.
Jonty Wareing, a Twitter user, shared a popular assessment of IPFS’s fundamental flaws for NFT projects.
The NFT token you bought either points to a URL on the internet, or an IPFS hash. In most circumstances it references an IPFS gateway on the internet run by the startup you bought the NFT from.
Oh, and that URL is not the media. That URL is a JSON metadata file
— Jonty Wareing (@jonty) March 17, 2021
Bluzelle’s announcement highlighted prominent use-cases for their service, such as NFT content surrounding 3D digital art or video reels.
As the sector enters the mainstream, Pavel Bains, CEO of Bluzelle, spoke to ULTCOIN365 about the importance of NFT assets and data transitioning from IPFS storage to a truly decentralized system:
“IPFS is a network that is decentralized.” However, it does not guarantee decentralized storage. Your NFT is only present in one node. That node may fail. If users do not want to take that risk, they should use systems like Bluzelle, which can ensure that their asset is safe in multiple locations at the same time.”
Bluzelle’s infrastructure is already live on Mintable and, pending successful testing, will be deployed on a number of other NFT marketplaces in the coming months.
Implementing this decentralized model will provide buyers and holders with assurances that their NFT assets have been safely secured and are resistant to compromise in the event of a platform shutdown. The model is similar to hardware wallet storage for cryptocurrency assets.
Bains also discussed his expectations for the mainnet launch, as well as his thoughts on the potential impact of the implementation on Bluzelle’s ecosystem over the next year:
“This is our first real-world application.” ICOs were similar to Ethereum. We can concentrate on one area and provide excellent service to those customers. “I believe NFTs will expand and grow in new ways, allowing Bluzelle to develop new features to support them.”