More than 10 times the computing power! Filecoin may truly promote the implementation of web3.0 by supporting NFT~

On February 11, Filecoin core developer Why posted a post in the Slack channel about the idea of ​​adding NFTs to the Filecoin network: We can add NFT Actors to Filecoin, allowing people to mint and trade NFT assets like on Ethereum . The coolest part about keeping NFTs on Filecoin is that we can natively support storing them on the Filecoin network. NFTs may have some special mechanism, for example, they can automatically verify client data (assuming they match a certain format and are of a reasonable size), which means that NFTs made by anyone will basically be stored by the network for free immediately.

This idea sparked enthusiastic discussions in the community, and why also actively interacted in the comment section. Although developing Filecoin to support native NFT functions is a big project, once the Filecoin network supports NFT, it will drive a large demand for data storage. These data can be used by miners to store real data, which is 10 times the effective computing power .

What exactly is NFT?

The rise of the NFT market began with the CryptoKitties game in the second half of 2017. In 2020, the NFT market began to flourish. Although NFT is still a relatively niche circle compared to distributed storage and DeFi, its unique charm has attracted too many celebrities, artists and other groups to join, and has created many legendary stories. The energy contained in NFT can no longer be ignored .

The full name of NFT is non-fungible Token, which we call non-fungible tokens . Most discussions about non-fungible tokens start with the introduction of the idea of ​​fungibility, and the concept of fungibility is defined as "capable of replacing or being replaced by another item of the same item." For example, 1 BTC in my wallet is equivalent to 1 BTC in your wallet, there is no difference. You take out 10 100-yuan bills and I take out 10 100-yuan bills. These 20 100-yuan bills are mixed together and then randomly distributed. As long as we each take 10 100-yuan bills, there is no problem.

That is, tokens with equal anchored value and that can be exchanged at will are all in the category of homogeneity , such as legal tender, ERC-20-based tokens, etc.