Composable Finance will Integrate Aleph.im to its Cross-Layer NFT Architecture

Published on: 23.09.2021

Composable Finance will Integrate Aleph.im to its Cross-Layer NFT Architecture. Utilizing aleph.im’s decentralized network will allow Composable Finance safely and permanently store NFTs while growing this unique asset’s use cases.

Composable Finance will Integrate Aleph.im’s permanent data storage solution into our cross-layer NFT infrastructure. The NFTs within Composable’s infrastructure will be locked on their original layer and then minted onto a destination layer. During this process, the image itself will be stored on aleph.im’s network to ensure it is not changed. This preserves the unique asset that the NFT represents, specifically saving the .jpeg or other image/video type that is attached to the NFT.

Safely storing NFTs will help to preserve their unique nature – an integral part of NFTs – and thus their value. By leveraging aleph.im’s permanent network, there users will not have to worry about any possibility of losing or “damaging” their NFT when moving it across layers using our cross-layer NFT architecture.

About Aleph.im

Aleph.im provides decentralized cloud computing for DeFi and Web 3.0 in their trustless network. With its intentionally designed and simplified nature, blockchain-enabled apps can securely access trusted off-chain computations or data with only a couple of lines of code through aleph.im.

The current use cases of this protocol include a number of offerings such as a document management system, website hosting, and supporting real-time dApps. A particularly helpful use case for Composable’s cross-layer transferal system is aleph.im’s NFT metadata storage.

About Composable Finance

Composable Finance is a cross-layer and cross-chain interoperability platform for Layer 2 Ethereum and Polkadot/Kusama.

➡️Source:
https://composablefi.medium.com/composable-finance-will-integrate-aleph-im-into-our-cross-layer-nft-architecture-e3940419546f

Market Stats:
BTC Dominance: 53.5%(+0.29%/24h)
ETH Dominance: 16.12%(-0.09%/24h)
Defi Market Cap: $86.69B(+13.31%/24h)
Total Market Cap: $2336.34B(-4.90%/24h)
Total Trading Volume 24h: $85.79B(+16.60%/24h)
ETH Market Cap: $376.2B
Defi to ETH Ratio: 23.04%
Defi Dominance: 3.53%
Altcoin Market Cap: $1086.35B
Altcoin Volume 24h: $53.41B
Total Cryptocurrencies: 29408
Active Cryptocurrencies: 9835
Active Market Pairs: 82296
Active Exchanges: 753
Total Exchanges: 8381
BTC: 63479.56$(-0.82%/1H)
ETH: 3085.42$(-1.77%/1H)
AVAX: 34.94$(-1.15%/1H)
BNB: 606.11$(-0.91%/1H)
MATIC: 0.7$(-0.84%/1H)
FTM: 0.72$(-1.13%/1H)
ADA: 0.47$(-1.12%/1H)
DOT: 6.77$(-1.44%/1H)
UNI: 7.63$(-1.74%/1H)
CAKE: 2.76$(-1.46%/1H)
SUSHI: 0.97$(-1.08%/1H)
ONE: 0.02$(-0.87%/1H)