The Future of Storage Solutions for NFTs with Stratos Decentralized Storage

 

General concept

 

NFT (Non-fungible tokens) is the most popular concept this summer. We saw tens of thousands of NFT projects going on the market in only a few months. The NFT market value tripled in 2020, reaching more than $250 million, and during the first quarter of 2021, NFT sales exceeded $2 billion. Get more information about Stratos Blockchain

 

From the very original concept of the NFT, a way to prove the ownership of digital assets which include digital arts and collectibles. As the market booms, there are different types of NFTs now. Generally, we can summarize them into three categories:

 

  1. This is the original interpretation: An NFT is a digital representation of any digital asset. The digital asset can be painting, photo, animation, document, or anything that can be digitized.
  2. The NFT itself is a collectible asset. What lies behind the NFT is not that important. For example, Uniswap V3 liquidation is represented by an NFT, once the liquidation is removed from the pool, the NFT will still be available in that ETH account forever.
  3. The NFT is a digital representation of certain privileges. For example, some celebrities and influencers will issue NFTs to their fans so they can use the NFT to access certain fans-only content.

NFT and storage

 

No matter which category the NFT falls into, there is always the need to store the NFT related information which includes the NFT itself, the NFT representation, and the digital asset behind the NFT. Due to the current storage restriction of the blockchain, some of the information will not be available in the blockchain itself.

 

For any of the off-chain storage requirements, there are three main concerns: reliability, ownership, and privacy. Ideally, we should store the information in a decentralized way and ensure the owner’s concerns have been taken care of. But in the real blockchain world, it’s not easy to find decentralized storage that works with any of the NFT projects.

 

Stratos

Luckily Stratos is in the space bringing the most innovative storage solutions to meet all kinds of storage requirements for NFT. Stratos is the next generation of decentralized data mesh solutions. It is the first decentralized data architecture that provides scalable, reliable, self-balanced storage, database, and computation networks and offers a solid foundation for data processing.

 

For each of the NFT categories, it has different requirements on how to store the NFT itself and its associated digital assets. We will analyze them one by one to see how Stratos can help to solve the current problem and ensure none of the concerns we mentioned above will continue to exist for NFT owners.

 

1. For digital assets

Due to the storage restriction of any existing blockchain (Ex. Ethereum), most of the digital assets can not be fit into the chain storage itself. Here the Stratos will show its power. Let’s take the simplest example, a dig