Boba Network partners with Bundlr Network to offer permanent on-chain data storage
Bundlr Network is happy to announce that is has partnered with Boba Network to provide permanent on-chain data storage on Boba.
The integration of Bundlr and Boba allows users on Boba to pay for data uploads with the native BOBA ETH token. Developers now have access to decentralized, permanent storage inside the Boba applications.
“We are really excited about this new partnership. Permanent data storage wasn’t possible before Arweave. It’s a new piece of technology that promises to store your data securely for over 200 years. We are very excited to make this more accessible and easier to use for developers on Boba,” says Josh Benaron, founder & CEO of Bundlr Network.
Permanent data storage has increased in importance as blockchains continue to scale at tremendous speeds. It allows developers to indefinitely store information on-chain, without risk of the data being tampered or altered.
The rise of NFTs is one of the primary reasons why permanent data storage is in such demand. In the past year, the demand for NFTs increased significantly, generating over $23 billion in trading volume in 2021. Contrary to popular belief, NFT’s digital assets, metadata, and code are not always stored on their native blockchain but on centralized servers. This leaves the NFT at risk of being lost if there were a hard drive failure or if a node went offline. Given the tremendous amount of money in NFTs, this is a huge risk for creators and developers.
Arweave offers a decentralized, scalable, secure, long-term storage for a one-time fee. It is an unparalleled solution that NFT holders and creators have confidence in, knowing that their assets will be safe indefinitely. Bundlr offers an easier way to access Arweave that is 4000x faster without sacrificing security.
“Being able to offer our developers and users access to permanent data storage is a game-changer. They can now be assured that their invaluable data is being stored safely in a decentralized, secure way. We are excited to offer Bundlr, an L2 on Arweave, to developers on Boba Network, the people’s ETH L2,” says Alan Chiu, founder of Boba Network.
About Bundlr
Bundlr makes permanent data storage fast and easy by enabling multi-chain support for Arweave datachain. Arweave is the only decentralized data chain where data is stored forever. Bundlr increases the amount of transactions conducted on Arweave by 4000% without sacrificing security or usability. It can sign with several blockchains, including Ethereum, Solana, Binance Smart Chain, and Polygon and allows users to pay for transactions in multiple cryptocurrencies.
About Boba
Boba is an Ethereum Virtual Machine (EVM) equivalent Layer 2 Optimistic Rollup that helps Ethereum smart contracts scale while delivering a delightful user experience. Boba enables Ethereum developers to build dApps that trigger code running on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are either far too expensive, far too slow, or practically impossible to execute on-chain.
