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Walrus is an upcoming decentralized platform of the SII developer Mysten Labs that offers programmable file storage for the gaming-oriented L1 Sui, as well as developers on Solana, Ethereum or other chains who also want to use it.
Walrus is designed for large binary files, or ‘blobs’. At present there is 833.33 TB available in total storage, with around 78,890 GB that is currently used over more than 4.5 million blobs, according to Walruscan.
That means that Walrus videos, images, PDFs or other files, as well as can save apps. Walrus uses Sui Smart Contracts to make those Blobs programmable.
Flatlander is one of the early projects that Walrus use. Flatlander is an imaginary world concept with NFTs; Their site is hosted on sui and all sitem resources are loaded from Walrus.
The Walrus Minnet will be launched next week on March 27. The team has also released their tokenomics for the Wal token.
The upcoming data storage chain uses delegated evidence of important and consists of storage nodes that must compete with each other to offer competitive prices for file storage.
Walrus has just raised $ 140 million in financing a round led by Standard Crypto.
Could Walrus be good for blockchain gaming or art? I think so.
One of the most important calls of Crypto is that it is supposed to be decentralized. That is a term that is thrown a lot, but it is supposed to mean that the underlying infrastructure that supports the existence of a token – including the chain itself – is owned by and is managed by many different people around the world. That is why a decentralized chain is difficult to censor through shutdowns if there are enough participants who have a small part of the nodes.
As we know, NFTs themselves are not technically the art you see, but the underlying tokens and data that are linked to them. The visual data of an NFT is metadata that can be changed by the maker.
That metadata can be stored on centralized platforms such as AWS or IPFs, a decentralized solution. More options are not a bad thing, although we do not yet know how decentralized Walrus will eventually be.
“Nowadays, most decentralized apps depend on traditional web hosting to operate their fronts and side code of the customer, which offers poor integrity and availability. Decentralized stores can be used to control web and dapps content directly and to guarantee its integrity and availability,” reads the Walrus WhitePaperer.