Data stored on a blockchain varies depending on the blockchain. The most popular blockchains – Bitcoin and Ethereum – store very little data. But other blockchains like Arweave, Filecoin, Storj, and Sia have been purpose-built for next-generation data storage.
Although Arweave provides its own form of Metadata to aid applications with more enhanced functionality, Arweave can also be utilized to store specific NFT Metadata on the permaweb in order to provide data permanence to NFTs.
Data stored on a blockchain varies depending on the blockchain. The most popular blockchains – Bitcoin and Ethereum – store very little data. But other blockchains like Arweave, Filecoin, Storj, and Sia have been purpose-built for next-generation data storage.
Blockchain is a distributed database that allows for secure, transparent, and tamper-proof transactions. This makes it the perfect technology for storing data. But what type of data?
Arweave remains the only permanent storage method to maintain NFT reliability and sustainability. Every NFT’s image and metadata is stored for at least 200 years when uploaded to the protocol.
The price to store data on Arweave is dynamic but tends to fluctuate within a narrow range of $6.35 to $8.50 per GB. In reality, for most uploaded files, this price difference will only be a fraction of a cent.
The first permanent, decentralized storage app that you can have on your phone.
Traditional ways to save photos for long periods of time are flawed. But blockchain technology points to a new method of long-term digital photo storage.
The key factor in keeping any information around for long periods of time is redundancy – keeping multiple copies in multiple locations.
Every day humans send 300 billion emails and generate 2.5 million terabytes of data. Some of this data would be beneficial to store permanently. But how?
