Polygon and Aleph.im for NFT security

Polygon and Aleph.im for NFT security

Ethereum News NFT
May 26, 2021 by J.D. Smith
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Aleph.im has partnered with Polygon to offer secure storage for NFTs. NFT collectors often don’t realize that their digital collectibles can be at risk if not stored securely. In particular, those who choose to store them on centralized services may lose access or ownership should the centralized service fail. In addition, any digital files associated

Aleph.im has partnered with Polygon to offer secure storage for NFTs.

NFT collectors often don’t realize that their digital collectibles can be at risk if not stored securely. In particular, those who choose to store them on centralized services may lose access or ownership should the centralized service fail.

In addition, any digital files associated with NFTs may disappear or be modified, so NFT creators often save them over the peer-to-peer web protocol IPFS (InterPlanetary File System) for more secure storage.

Aleph.im, a decentralized cross-blockchain storage, retention and processing network, has decided to integrate Polygon, Ethereum’s scaling protocol, to provide a higher level of security for NFTs, marketplaces and decentralized applications (dApps).

Aleph.im offers decentralized storage solutions for files or data, and for NFTs it offers the aleph.im Backup dApp that creates a unique snapshot of all the data attached to them, backs it up to IPFS and locks it more than 50 times on each node of the main channel of its decentralized network.

CEO of aleph.im, Jonathan Schemoul, commented:

“The issue is that NFT marketplaces might opt for centralized options for data hosting, that is faster to deploy such as AWS or Google. While this is a cheap and efficient option, it often creates central points of failures, or vulnerabilities to attacks”.

The role of Polygon in the NFT world

Polygon, former Matic Network, solves Ethereum’s scalability problems by providing a structured and easy-to-use platform for infrastructure development.

In fact, due mainly to the growing popularity of decentralized finance and NFTs, the Ethereum blockchain is now congested, with slow transactions and high fees.

Polygon’s ecosystem is one of the largest multi-chain systems in the world, incorporating over 50 EVM networks, hundreds of enterprise chains and dozens of Layer 2 implementations to support the transition from Web 2 to a fully decentralized Web 3.