Why NFT Projects could Benefit from 4EVERLAND

NFT + Web3 Trends, Current Status

Web 3.0 is a more open, fair and secure web, and a smarter, more humane and ubiquitous internet. web 3.0 is inherently compatible with blockchain.

The blockchain, built by four core technologies: distributed storage, consensus mechanism, smart contracts and cryptography, is decentralised, disintermediated, permanently stored and tamper-proof. These features have solved the trust problem to a large extent. The secure and efficient implementation of issues, information dissemination and value transfer will lay the foundation for a new web form. Web 3.0 based on blockchain technology will have many advantages, such as bringing privacy protection and anti-monopoly to the web, more secure and durable web services, personal attribution of data, and high interoperability. It can be said that blockchain technology is the driving force behind Web 3.0.

On the other hand, Non-Fungible Tokens(NFT) also have many blockchain features that make them very useful and can be integrated with Web3.

As a unique blockchain token, the innovative ERC-721 NFT using the Ethereum standard solves one of the main problems of Internet content: ownership. By minting NFT on a decentralised ledger, it allows you to transparently provide proof of ownership of things like digital art, music, data, in-game assets, personal records and more, using the tamper-proof, open and transparent, traceable nature of the blockchain to map the real world to the digital world.

NFT is being looked upon with high hopes by the market when it comes to bolstering the metaverse economy. After social giant Facebook changed its name to Meta to show its commitment to the metaverse, some social media platforms (such as Twitter) have now joined the NFT authentication system, allowing you to use a crypto wallet to prove NFT ownership — and use it as your profile picture (PFP). The overall NFT market capitalisation continues to climb, with major NFT platforms flying through multi-million dollar funding rounds. According to Yahoo, the global NFT market is expected to grow from $14.02 billion in 2021 to $21.33 billion in 2022, at a compound annual growth rate (CAGR) of 52.1%. In addition, the market is expected to reach $82.43 billion by the end of 2026.

So what are the overlooked issues behind such a thriving scene?

The Challenge of NFT Data Storage

We all know that in the real world, most objects have unique properties and values. And for NFT, it can illustrate this situation more perfectly, enabling the tokenisation of different objects in the digital world. However, due to the increased contract complexity and high storage costs associated with full on-chain storage, in reality, most projects choose to store NFT metadata and media data off-chain: on the project’s centralised servers or third-party cloud servers, local IPFS etc.

This is where the challenge exists, centralised service providers can always carry out services for their own business or development needs, while the user has no restrictions or claims on what the service provider can do, the right flows in one direction, with the owner having full control of the data, they can manipulate or censor it at will. On the other hand, the biggest problem with centralised storage solutions is the lack of persistence and the single point of failure. If the server hosting the data fails or has a security breach, the data associated with the NFT can be lost or manipulated. This could render the NFT worthless.

A profound example of this was the FTX crash, which highlighted many of the flaws in the crypto industry. Users can not view their FTX-hosted NFTs! Under the original IPFS logic, IPFS nodes built in a centralised way such as AWS are still used to store data, and when no one continues to renew for this, then this data is still lost. Although FTX stores their data on the IPFS network, you can still see a large amount of NFT metadata lost. It is undeniable that NFT storage has become the weakest aspect in current NFT systems. On the flip side, the experience of accessing data is also a key focus of the current NFT project.

The explosion of P2E games has attracted widespread attention from players and the capital market. More and more people are starting to believe that NFT has huge potential in the gaming industry. There are already some great ideas being added to the role NFT plays in gaming, greatly contributing to the circulation of value in these P2E games. The reliability of NFT storage will determine the growth ceiling of the P2E gaming industry.

But after all, no one wants to see their NFT show up as a bunch of blanks when you enter a game.

4EVERLAND’s Solution

The solution to eliminate the influence of centralised storage is, of course, decentralisation.

The promise of owning and managing your own data is revolutionary and this is particularly important for Web3. Decentralised systems offer an alternative to centralised systems for storing data and providing websites and it is also interesting to note that solutions that can aggregate different types of decentralised storage networks are coming to fruition, highlighting the growth of the market and 4EVERLAND is certainly a leader.

The main decentralised storage protocols currently available are IPFS, Filecoin, Arweave etc. A detailed analysis of the pros and cons of each of these storage protocols and why 4EVERLAND stands out is in an article by Stien. Make sure you take some time to read it.

4EVERLAND aims to provide all key AWS services such as hosting, storage and compute in a decentralised manner. “Our storage solution — 4EVERLAND Storage Services — provides a decentralised storage solution with a Web2 user experience. Instead of building the infrastructure from scratch, it aggregates numerous decentralised storage networks such as IPFS, Arweave” — explains Deon Erda, founder of 4EVERLAND.

According to Erda, 4EVERLAND Storage aims to simplify the process of utilising decentralised storage solutions. He believes this is necessary and points out that there is a steep learning curve for end users using decentralised web solutions. “It takes developers at least a few weeks to understand how to deploy a website on IPFS, but deploying a website on 4EVERLAND can only take less than 10 minutes”, “Non-crypto users need to learn how to use crypto wallets to buy Arweave tokens on exchanges and then use them for on-chain data storage,” Erda added.

4EVERLAND offers a fully decentralised IPFS storage solution, where all data is stored by decentralised IPFS community nodes and is guaranteed to be stored safely and securely by storage challenge certificates. You can find the logic of our PoSC specifically.

And, Arweave’s perpetual storage logic can satisfy NFT’s claim of true perpetual storage without loss.

As he says, storing NFT data in 4EVERLAND looks easy, whether it’s metadata, or artwork. There are a number of optional ways to upload files to IPFS/Arweave via 4EVERLAND: Dashboard, CLI, SDK, API (S3-Compatile API, Pinning Services API) and various tools, provides a complete decentralised storage solution for NFT developers and users with different preferences。

In addition, 4EVERLAND builds a global data synchronisation network with distributed network nodes through the Swarm network, increasing data privacy, access performance, durability and cost effectiveness.

For more reasons to start your decentralisation journey with 4EVERLAND, read the excellent article by Deon Erda.

Explore more about 4EVERLAND

4EVERLAND is a Web 3.0 cloud computing platform that integrates storage, computing, and network core capabilities. It aims to help the user to make a smooth leap from Web 2.0 to Web 3.0 and become the infrastructure for millions of Web 3.0 developers and applications.

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