Decentralized content-sharing platform Solmedia has introduced its integration of the Solana blockchain with the most recent Filecoin on-chain InterPlanetary File System (IPFS) expertise.
The enhancement, supported by Solmedia’s native token MEDIA, permits customers to learn from Solana’s high-speed blockchain infrastructure and Filecoin’s safe decentralized storage, which goals to make sure consumer content material is protected and stays unaltered by unauthorized adjustments or entry.
A senior consultant from Solmedia shared that the corporate is concentrated on sustaining free speech and transparency within the Internet 3.0 house. The usage of Solana and Filecoin, along with the MEDIA token, is meant to supply customers with management over their information and content-sharing experiences, aiming to sidestep censorship and biased info.
The adoption of Solana and Filecoin applied sciences goals to enhance consumer experiences by providing quick transaction speeds, decrease charges, and dependable decentralized storage, thus streamlining actions resembling importing, streaming, or accessing content material.
The MEDIA token is supposed to encourage consumer participation within the platform’s growth, reflecting a community-led method to content material consumption that helps the platform’s mission to supply an atmosphere free from censorship and promote a wide range of views.
Crypto.information reached out to the Solmedia workforce for extra insights on the event however failed to listen to again on the time of publication.
Based on CoinMarketCap data, the MEDIA token’s worth had elevated by 20% over the previous 24 hours, buying and selling at $0.10668, with a buying and selling quantity of $13.8 million in the identical timeframe.
In the meantime, a March 21 report by Crypto.information highlights the rising world investor curiosity in blockchain ecosystems, with Solana main the way in which.
The report signifies that Solana accounts for 49.3% of worldwide investor curiosity, showcasing its important affect on the blockchain group. Ethereum follows in second place, capturing 12.7% of investor curiosity.
Consultants recommend that Ethereum’s model consciousness and strong popularity contribute to its reputation. Nonetheless, there’s a noticeable shift in investor consideration in direction of second-layer networks constructed on Ethereum, signaling evolving preferences within the blockchain sector.