Formfunction Adds Permanent Data Storage on Arweave through Bundlr Network
Bundlr Network, which enables fast, multichain support for Arweave, has partnered with Formfunction, the 1/1 NFT marketplace for Solana, to enable easy access to Arweave.
Arweave is among the first decentralized data networks and the only one that can store data permanently. It is the most secure way to store data. When uploaded to Arweave, the data is not accessible by the nodes storing the information and or even Arweave itself.
By using Arweave via Bundlr, Formfunction is ensuring that their data, including NFT metadata, is as secure as possible. This is a strategic decision by the Formfunction team since, contrary to popular belief, NFT’s digital assets, metadata, and code are not always stored on their native blockchain but on centralized servers.
This leaves the NFT at risk of being lost if there were a hard drive failure or if a node went offline. Given the tremendous amount of money in NFTs, this is a huge risk for creators and developers. Using Arweave and Bundlr removes this risk.
At Formfunction, it was important to make sure that artists and collectors alike trust that the NFTs they are creating and buying are stored in a permissionless, decentralized, and lasting way. It is happy to bring the benefit of lasting, decentralized artwork to users by partnering with Bundlr.
As a team-building for a multiyear paradigm shift in the web and creator economy, lasting infrastructure was paramount to implement. Bundlr helps the team realize that vision by providing the best set of tools for accessing Arweave.
About Bundlr Network
Bundlr makes permanent data storage easy by enabling fast, multichain support for Arweave. Bundlr allows developers to access permanent data storage with instant and guaranteed transaction finality. Their simple, fast technology lets users store data through multiple cryptocurrencies through signature-based payment channels.
About Formfunction
Formfunction is the 1/1 Solana NFT marketplace, designed for independent creators. Formfunction believes that art deserves the same attention from collectors as big generative NFT projects.
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