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Aleph.im And Ubisoft Present Fully Decentralized NFT Smart Contracts For Tezos
Aleph.im and Ubisoft present fully decentralized NFT smart contracts for Tezos which include decentralized metadata storage.
This way the NFTs will not depend on any centralized entity to survive the ages.
By: XTZ News
1 February 2023
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Aleph.im and Ubisoft present fully decentralized NFT smart contracts for Tezos which include decentralized metadata storage. This way the NFTs will not depend on any centralized entity to survive the ages.
This is a truly decentralized way to give players of games ownership of their avatars, accessories, and achievements, all stored in an evolving NFT through Tezos smart contracts.
This allows for decentralized ownership of PFPs and Avatars, Collectibles and Luxury Items, Tokenized Financial Instruments, Fractional Real Estate, and Loyalty Programs and Rewards.
“This NFT smart contract set us apart. They remain online forever, even if Aleph.im is no more, thanks to our pioneering decentralized IPFS pinning service. Plus, they’re dynamic, with real-time metadata synchronization.
The NFT metadata will be stored on aleph.im’s fully decentralized storage system of over 70 nodes, while all NFT ownership will be tracked on the Tezos blockchain.”
According to Didier Genevois, Ubisoft’s Blockchain Technical Director, Aleph.im provides the framework necessary for offering “meaningful value propositions for players that benefit their gaming experience.”
As for Hadrien Zerah, President of Nomadic Labs, the introduction of this novel feature is a major step for Tezos as he stated:
“It provides the ecosystem with more leverage and opens the door to new possibilities beyond simple use in the gaming industry.”
Ownership of achievements and items in computer games opens possibilities for the gaming economy.
On one side of the table, players can sell these achievements and items while others can buy these achievements and items to advance in games without putting the necessary time in.
NFT Smart Contracts
Aleph.im-based NFT smart contracts ensure the following advantages:
Get a genuinely decentralized backend. The smart contracts provide access to a fully-decentralized storage network for your NFTs. This sets you apart from most existing NFT projects that still use centralized servers and cloud services like AWS to store NFT metadata.
Enjoy cost-effective data storage. The protocol embeds ALEPH tokens into the smart contract to meet their storage costs. You no longer need to pay a fortune to store your NFT’s data. Moreover, the tokens aren’t spent in the process and can be redeemed by burning NFTs. So you practically store NFTs on the Aleph.im network free of cost.
Build unstoppable NFTs. The IPFS pinning service and fully-decentralized network architecture make your NFTs unstoppable. Their tamper-proof and censorship-resistant nature solves persistent problems like de-platforming, metadata manipulation, rug pull, downtime, etc.
Foster community support and trust. Their framework will help you garner trust within the Tezos community. NFT owners can rest assured that their possession and ownership are intact even if the project goes bust. This puts individuals in complete control of their NFT assets, helping them realize the full potential of Web3.
“Tezos is the perfect blockchain for these developments. It’s secure thanks to on-chain governance and energy-efficient due to its Proof-of-Stake consensus mechanism. Plus, with an active and committed community, it’s highly scalable.”
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
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