DeFine Joins as a Notary in the Filecoin Plus Program
As a long time advocate for decentralization in the NFT space, DeFine is honored and delighted to have been elected out of hundreds of applicants to join the Filecoin Network as a Notary and was given a 5TiB of DataCap grant!
Filecoin Plus is a program that aims to optimize Filecoin’s decentralized storage network by adding a layer of social trust to the network to entrust individuals and organizations to responsibly allocate DataCap to legitimate uses. Applications are reviewed at Filecoin’s community governance call and scored by criterias such as commitment, reputation and decentralization.
Notaries are selected to serve as fiduciaries for the Filecoin Network and are responsible for allocating DataCap to clients with valuable storage use cases. The base responsibilities of notaries include:
- Allocate DataCap responsibly to clients to subsidize reliable and valuable storage on the network.
- Ensure that in the allocation of the DataCap, no party is given excessive trust in any form that might jeopardize the network.
- Follow operational guidelines, keep a record of decision flow, and respond to any requests for audits of their allocation decisions.
As a long time advocate for decentralization in the NFT space, DeFine is honored and delighted to have been selected as a Notary in the Filecoin Plus program. We hope to put the DataCap grant into great use for the NFT assets on DeFine platform and serve as fiduciaries for the Filecoin Network.
Filecoin (⨎) is an open-source, public cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data retrieval method. It is made by Protocol Labs and builds on top of InterPlanetary File System, allowing users to rent unused hard drive space.
DeFine is the NFT-based social network for web 3.0. DeFine provides an interactive communication tool for creators and web 3.0 users through its marketplace and social functions that support exhibitions, INO, digital credit systems and metaverse profile.