Filecoin, a decentralized network for massive data storage, announced the launch of a new free service to store non-fungible tokens or NFTs, called NFT.Storage.
The information was published by He recently signed it on his Twitter account. On the social network, he explained that NFT.Storage is a new service in beta , specifically designed to store NFT data off-chain. The data is stored in a decentralized way through the IPFS system (InterPlanetary File System) and the Filecoin platform.
«NFTs are part of the cultural heritage of humanity, and designing your data for the Long-term accessibility is crucial, “said Mikeal Rogers, Filecoin Protocol Labs developer engineering manager.
The executive added:” Content routing and distribution networks ensure that artwork digital, basketball cards and virtual real estate are guaranteed to stay safe and available for the long term. ”
How NFT storage works
NFT. Storage is a decentralized protocol that allows users to “back up” their NFTs through content addressing and decentralized storage, the post explains.
This storage is backed by Filecoin and IPFS technologies, as already stated. The latter allows people to create an IPFS hash of their content, called a content identifier or CID.
The CID can be used to find the corresponding files that are hosted on IPFS nodes around the world. This method ensures that files, including those associated with NFT, can always be found as long as at least one host provide access to them.
To have access To this service, users must register in NFT.Storage and create API access keys. Subsequently, must create an API access key and choose one of the three options to store the NFT data: client library, raw HTTP request, or configure as a service remote anchor.
The risks of NFT thefts
As explained by this media , NFTs are digital assets or tokenized versions of the real world that have the particularity of not being interchangeable with each other. They can function as proof of authenticity and ownership within the digital world.
In short, it is essentially a collection of metadata, linked to the files they represent, that must be hosted by third parties, such as platforms of auctions.
This means that there is a risk that the NFTs will be lost if the files they represent are no longer available on the Internet .
Two months ago several Twitter users reported the hacking of their Nifty Gateway accounts, which triggered the theft of their entire NFT collections and the purchase of others, through their credit cards.
As reported by CriptoNoticias on March 17, 2021, the market platform declared by a Twitter thread that the accounts from which the NTFs were stolen did not have two-step authentication (2FA) enabled, and that access to them had been made using valid credentials. Likewise, he recommended that his users enable 2FA in their accounts, and never reuse their passwords.
