NFT storage with Arweave

Arweave offers a new blockchain protocol for data storage, i.e. pay once, store forever, full on-chain data.

Arweave offers a new blockchain protocol for data storage, i.e. pay once, store forever, full on-chain data. arweave is a new type of storage that supports data with sustainable and permanent features, allowing users and developers to truly store data permanently for the first time. Aligned to specific market needs, it is more applicable to personal websites, social profiles, personal remarks, web pages, emails, multimedia files, permanent cloud storage space for personal files; website databases; shared enterprise storage space; code and and file databases; censorship-resistant encyclopedic knowledge bases; and storage and retention of files such as precious data.

Arweave is built on four core technologies that together create a new low-cost, high-throughput, perpetual-storage type of blockchain.

Arweave’s Perpetual NFT Storage

Today, NFT relies on metadata and referenced content that is not always guaranteed to live on media that will live forever. arweave’s block weave architecture ensures absolute perpetual storage, enabling true, trustless invariance of NFT elsewhere or locally originated.

In Web2, content management faces two major problems: ownership and storage. Taken together, these two issues contribute to an Internet experience dictated by the advertising model, inadequate personal monetization, and a fragile user experience.

Ownership. There are a number of problems with establishing ownership or copyright of online content on the Internet today. Content can be easily replicated across multiple sites and servers without a scalable or consistent way for its original creator to manage it. Often, it is easiest to share content through a centralized entity like Facebook. By keeping this content on its servers, Facebook effectively owns it. Ultimately, any content created, uploaded, sent or profited from on a centralized platform is not in the hands of the creator. These platforms can voluntarily or involuntarily shut down services, shut down creators or shut down altogether. This fragile content architecture makes it difficult for online creators to attach value to their work without relying on intermediary platforms.

Storage. In a broad sense, today’s web browsing is the downside. Today’s content is retrieved by pointing to a domain name that lives on a physical server or in a centralized cloud. This type of content retrieval is scalable, but extremely easy to disappear. If the storage method (i.e., these servers or clouds) is controlled by a single entity such as Facebook or Amazon, that entity can remove it – effectively removing any content that previously relied on that storage to exist on the Internet. Users will be faced with a “404 page not found” error message. If content (images, text, web pages, videos) has been removed from the location to which the URL refers, the content is irretrievable. Overall, this leads to a fragile digital ecosystem where content can suddenly disappear when a server or location goes offline.

The rise of NFT: A solution for digital ownership

Ethernet’s ERC-721 standard innovation for NFT solves one of the main problems of content on the Internet: ownership. By casting an NFT on a decentralized ledger, people are able to verify the ownership and provenance of individual pieces of content – artwork, prose, video, music, etc. Verified, secure and transparent assets also naturally associate value with the NFT in a way that was previously not possible in Web2’s ownership-null architecture.

In particular, as we’ve seen over the past six months, the benefits of NFT for artists, musicians and writers are enormous. Historically, content creators have been both pioneers and victims of the Internet: those who create the unique experiences we seek online have also been unable to effectively own or earn money for their contributions. However, as the NFT world evolves, we need to ensure that Web3 does not inherit any of the vulnerabilities of Web2. We’ve solved the ownership problem, but what about the other problem of content management in the Internet today – storage?

The elephant in the room: NFT and metadata storage

Of the two problems with Web2 content, current NFT standards such as ERC-721 have solved the ownership problem, but solved the storage problem. For example, when NFTs are minted on Ether, the NFT itself is represented by an address on the network that is indivisible, immutable and unique. However, the content and metadata of the NFT is not live on the permanent storage network by default. Content and metadata includes everything, so to speak, that makes NFT desirable, such as the details of a work of art or the lyrics of a song. The confusing question remains: my NFT address lives on the blockchain, but where do the details themselves (art, text, size, style) live?

NFT storage with Arweave

To retrieve that “referenced content” and render the NFT as a valuable asset, the hash contains a token URI that points to all the important information. essentially, while the NFT itself lives on the blockchain, the things that really give it value (i.e., art, color, and shape) don’t necessarily live on the chain. This information can live on a centralized server and can disappear just as content on the Internet has disappeared in the past, leaving 404 error messages. In this way, NFT would suffer from the same basic problem as content on Web2. The asset itself would become worthless if we could not determine what the NFT on Ethernet would look like because the server containing the content information is offline.

This risk is not theoretical, as exemplified by the previous failure of Tron Dogs and NiftyMoji, projects that seem to have disappeared. Checking the safety of my NFT platform allows people to validate the power of their NFTs in terms of permanent storage. While the people who bought these NFTs still own the assets, they become worthless without access to the associated metadata.

Arweave’s Permanent NFT Storage

This storage vulnerability of NFTs has not been lost in the encryption ecosystem. Existing Web3 storage providers have sought to address this issue, but still experience frequent incidents of NFTs disappearing from storage on these networks. The ecosystem needs a solution that provides verifiable, permanent storage.

Arweave allows anyone to store NFTs cast on another network or NFTs cast natively on Arweave itself. To ensure absolutely permanent storage, Arweave uses block weaving as a content storage and persistence mechanism. A block weave is a set of blocks, each of which contains data and links back to multiple previous blocks in the network. This interwoven data structure allows the network to maintain a proof-of-access (technically, proof-of-random-access brevity SPoRA) consensus mechanism that requires miners to prove access to old data in order to add new squares. This storage architecture ensures the perpetual storage of any content on the network at a very low cost. The estimated cost of casting an NFT that is guaranteed to exist forever is $0.005/MB.

Arweave’s NFTs are never in danger of disappearing. Any lapse in time or content interaction will not jeopardize the user’s ability to recall content at any time.

Arweave permanent storage in action

NFT storage with Arweave

Kevin Abosch is a conceptual artist and pioneer of the emerging blockchain art ecosystem. on March 23, 2021, Kevin Abosch released his 1111 series at Open House. As part of Kevin’s 1111 release, every NFT minted on Ether will be connected to the Arweave ecosystem where metadata will exist as its unique but interconnected NFT. Those NFTs that purchase Kevin will be able to confidently keep their work without worrying about a disappearing fate, or whether their content will go offline. Their Ether NFTs are irrevocably linked to the permanently stored metadata records on Arweave.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/nft-storage-with-arweave/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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