10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

ClubNFT: A Tool To Download All Of The IPFS Data Associated With All Of Your NFTs With The Click Of A Button

ClubNFT allows you to download all of the IPFS data associated with all of your NFTs with the click of a button, with no app to download, and with no transactions to approve.

The tool works with all Tezos wallet addresses.

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.

Read our full disclaimer here.

ClubNFT

ClubNFT allows you to download all of the IPFS data associated with all of your NFTs with the click of a button, with no app to download, and with no transactions to approve.

The tool works with all Tezos wallet addresses and so far over 2,800 wallets have been added to back up over 260,000 NFTs to date. Over 760,000 IPFS links and over 15 Terabytes of NFT content have been protected.

ClubNFT has been created by well-known artist Artnome (Jason Bailey) who is the co-founder and CEO, and also full-stack engineer Chris King who is the co-founder and CTO.

Artnome has long been a Tezos NFT art fan and was a key advocate during the early days of Hic Et Nunc, when the clean NFT art space was in the early stages of development.

Back in 2021, the ClubNFT project raised over $3 million in a seed raise, which included Galaxy Digital as a lead investor.

Why ClubNFT?

The reason for ClubNFT is simple, people (both artists and collectors) often assume that their NFT content is always hosted somewhere and is always safe to persist into the future.

Oftentimes, people think the NFT content itself always lives on the blockchain, which is almost never the case.

In actual fact, there are big risks associated with the storage of many NFTs and the availability of that content in the years to come.

This is where ClubNFT comes in to help safe guard the availability of NFTs to persist well into the future, both to be stored locally and to be pinned to decentralized storage networks such as IPFS.

Artnome himself lost millions of dollars in NFTs purchased in 2017 and 2018 and ClubNFT have actually created a course to highlight the need for safe NFT backup.

Let’s take a look at how NFTs are usually stored:

  • Just 10% of NFTs are actually stored on the blockchain.
  • A staggering 40% of NFTs are actually stored on private web servers.
  • 50% of NFTs are stored on IPFS, these NFTs can be saved and backed up using ClubNFT.

IPFS is a ‘…distributed system for storing and accessing files, websites, applications, and data. Content is accessible through peers located anywhere in the world, that might relay information, store it, or do both. IPFS knows how to find what you ask for using its content address rather than its location.’

Like other peer-to-peer file distribution systems, such as BitTorrent, in IPFS the files are broken down into different parts and stored across a network of nodes.

In IPFS, the network tracks the file by hashes. When the parts are assembled together, based on their hash value, it recreates the original file. Unlike BitTorrent, IPFS doesn’t have a central server tracking system.

Even with 50% of NFTs being stored on IPFS a decentralized file storage system, such storage can still not be 100% bulletproof.

As Coindesk reported: ‘Just because a file is available “on BitTorrent” doesn’t mean there are any seeders or that it’s there forever. IPFS is like this. The address/CID is permanent, to a degree as it gets passed around the DHT, but the underlying asset, or file, that the IPFS address points to can be lost as easily as any file on any random web server.’

Some tools such as Pinata have been created to help with such IPFS persistence and allow users to ‘pin’ an NFT using IPFS.

When you pin an NFT file you are basically telling IPFS not to get rid of it and keep it available. Pinning a CID (a content identifier label used to point to material in IPFS) tells IPFS that the data is important and shouldn’t be removed when the node is near its disk space limit.

ClubNFT takes the ethos of decentralization one step further, allowing you to take control of all the IPFS data associated with your NFTs locally without relying on anyone in between.

This means you will always have a backup of your NFTs and can always re-pin in the future.

ClubNFT and Tezos Wallets

The ClubNFT platform works with Tezos wallets, so you can now back up your Tezos CleanNFTs using the platform.

The tool will allow you to download all of the IPFS data associated with your Tezos NFTs, this will ensure that you will always be able to re-pin back to IPFS in the future if this was ever needed, but you will also have a hard backup copy stored locally too.

All you have to do is to create an account on ClubNFT with just your email address (no passwords etc or other information is needed).

Once you are signed in (via email link) you are then able to enter your Tezos wallet address starting with ‘tz’, (or Tezos domain associated with an address i.e. (yourownwallethere).tez) and the system will begin searching for NFT content associated with that wallet.

It is recommended to watch this video below, to understand the need for this platform, an introduction to the platform and also a tutorial on how to use it later in the video.

data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==?wmode=opaque

Depending on ClubNFT usage and wallet size, NFTs can take up to a few days to fully download. ClubNFT will send an email in 5 days letting you know your NFT backup is ready.

It is advised to backup your NFTs, download the zip file, and store the zip file somewhere safe like on an external hard drive if possible (but not necessarily to play with the file as it’s always hard to tell what is in the files that other people created).

Due to the nature of the content, files can be very large, even as zip files.

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.

Read our full disclaimer here.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Hidden
Hidden
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.
Agree(Required)

Other News

View More

UNHCR’s “Nowhere To Run” Gets Boost from Fundraising Sale, Supported by Tezos Foundation, Objkt, and ArtMeta

Switzerland for UNHCR , Objkt, the Tezos Foundation, The Collectors Club and ArtMeta announce a collaborative fundraising project to celebrate digital art for good, bringing together ten visionary artists who will donate sales proceeds to the UNHCR Climate Resilience Fund.

Read More

Werenode: Fusing Blockchain Brilliance with EV Charging Innovation

As electric vehicles (EVs) become more prevalent, Werenode is leading the charge by revolutionizing the EV charging infrastructure through blockchain technology. By leveraging Tezos and Binance blockchain technology, Werenode aims to simplify the EV charging process, ensuring secure, transparent, and immutable transactions. Their approach tackles key challenges in the industry, such as network fragmentation, interoperability, and complex payment systems.

Read More

Tezos Community Prepares for Launch of tzBTC 2.0 on May 27th

The Tezos ecosystem is gearing up for the anticipated launch of tzBTC 2.0 on Monday, May 27, 2024, at 12:00 pm UTC. This development follows a successful keyholder session, where all necessary signatures were obtained, and backup flows were tested.

Read More