Footprint AnalyticsAfter its Airdrop, Where Does Blur Stand in the Market?
One year ago, the volume of NFT transactions going through aggregators began to snowball, even exceeding the volume going directly through marketplace platforms at times. While aggregator usage declined from October to January, Blur.io has since exploded in popularity in 2023, even engaging in a public confrontation with OpenSea over royalties. This month, Blur overtook OpenSea in transaction volume and had a massive airdrop event.Blur Aggregator Trading Volume vs. Marketplaces Footprint Anal...
Footprint AnalyticsGrowthly Quest Tools Now Free and Open to All Web3 Projects
Author: Stella L (stella@footprint.network) Footprint Analytics is excited to announce that Growthly, our intuitive no-code viral Quest solution, is now open to all Web3 projects! For a** limited time**, we’re offering free access to Growthly’s Quest H5, SDK, and mini apps to help projects boost user acquisition and retention through engaging, gamified experiences.Why Growthly?Growthly has already demonstrated remarkable success in the Web3 space, powering projects like Ton.AI to achieve over...
Footprint AnalyticsWhat is the Element NFT marketplace and NFT aggregation?
Oct. 2022, Vincy Data Source: Footprint Analytics — Element NFT Marketplace NFT marketplace Element was launched on July 1, 2021 as a solution to the problem of fluctuating interest rates on most DeFi programs and the liquidity of the principal after user deposits. On August 15, the platform officially launched its version** **2.0, which faces a different sector than the original version. Now, the platform calls itself the first community-driven decentralized NFT aggregation marketplace. This...
Footprint Analytics is a comprehensive blockchain data analytics platform that simplifies analysis and community management for sustainable
Footprint AnalyticsAfter its Airdrop, Where Does Blur Stand in the Market?
One year ago, the volume of NFT transactions going through aggregators began to snowball, even exceeding the volume going directly through marketplace platforms at times. While aggregator usage declined from October to January, Blur.io has since exploded in popularity in 2023, even engaging in a public confrontation with OpenSea over royalties. This month, Blur overtook OpenSea in transaction volume and had a massive airdrop event.Blur Aggregator Trading Volume vs. Marketplaces Footprint Anal...
Footprint AnalyticsGrowthly Quest Tools Now Free and Open to All Web3 Projects
Author: Stella L (stella@footprint.network) Footprint Analytics is excited to announce that Growthly, our intuitive no-code viral Quest solution, is now open to all Web3 projects! For a** limited time**, we’re offering free access to Growthly’s Quest H5, SDK, and mini apps to help projects boost user acquisition and retention through engaging, gamified experiences.Why Growthly?Growthly has already demonstrated remarkable success in the Web3 space, powering projects like Ton.AI to achieve over...
Footprint AnalyticsWhat is the Element NFT marketplace and NFT aggregation?
Oct. 2022, Vincy Data Source: Footprint Analytics — Element NFT Marketplace NFT marketplace Element was launched on July 1, 2021 as a solution to the problem of fluctuating interest rates on most DeFi programs and the liquidity of the principal after user deposits. On August 15, the platform officially launched its version** **2.0, which faces a different sector than the original version. Now, the platform calls itself the first community-driven decentralized NFT aggregation marketplace. This...
Footprint Analytics is a comprehensive blockchain data analytics platform that simplifies analysis and community management for sustainable
If Arweave’s concept of permanent storage can be an effective competitive strategy to win over the market？
2022, Jan, sabrina@footprint.network
Data Source: Arweave Dashboard
In a previous article, Will Decentralized Storage Protocols Overtake the Cloud Storage Market?, we compared four major decentralized storage protocols.
In this article, we see if Arweave’s concept of permanent storage can be an effective competitive strategy to win over the market.
Arweave’s permaweb is not private, and all data is permanently public and directly accessible. Therefore, it is not suitable for storing personal or sensitive data. Its upfront storage costs, which start at 40+ years, are significantly more expensive than existing solutions.
For example,** **to be able to store files on Arweave, developers create a transaction to pay a certain number of AR tokens as a network fee (currently $0.01/MB) to store data forever. At the same time, the low-end package of Amazon S3 charges $0.000023/MB per month. It will take 40 years for each Arweave user to break even. That means Arweave users are paying a premium for permanent storage.
So, who exactly would use this solution? Arweave is suitable for organizations and companies who need their data to be:
Publicly available
Stored for 40+ years
Censorship resistant
If Arweave’s concept of permanent storage can be an effective competitive strategy to win over the market？
2022, Jan, sabrina@footprint.network
Data Source: Arweave Dashboard
In a previous article, Will Decentralized Storage Protocols Overtake the Cloud Storage Market?, we compared four major decentralized storage protocols.
In this article, we see if Arweave’s concept of permanent storage can be an effective competitive strategy to win over the market.
Arweave’s permaweb is not private, and all data is permanently public and directly accessible. Therefore, it is not suitable for storing personal or sensitive data. Its upfront storage costs, which start at 40+ years, are significantly more expensive than existing solutions.
For example,** **to be able to store files on Arweave, developers create a transaction to pay a certain number of AR tokens as a network fee (currently $0.01/MB) to store data forever. At the same time, the low-end package of Amazon S3 charges $0.000023/MB per month. It will take 40 years for each Arweave user to break even. That means Arweave users are paying a premium for permanent storage.
So, who exactly would use this solution? Arweave is suitable for organizations and companies who need their data to be:
Publicly available
Stored for 40+ years
Censorship resistant
Share Dialog
Share Dialog
Storage layer for on-chain data
The biggest problem with most public chains is that they cannot store large amounts of hypermedia data on their chains. Blockchain is a ledger for bookkeeping, not data storage. As a storage layer for on-chain data, Arweave has a vast market.
Storage layer for NFTs
NFTs, which have an obvious demand for long-term, immutable and publicly available storage, will likely be one of the major market segments for projects like Arweave.
Storage for public, but sensitive, content
In traditional centralized storage, the company or central authority can easily remove content. Activists like WikiLeaks, for example, or larger organisations similar to Wikipedia, would be prime candidates for decentralised storage.
Looking back at Arwearve’s technology development and market expansion trajectory since 2021, it is clear that the Arweave team has a clear and unique vision of its application scenarios and market strategy.
Cooperation with Web 3.0 Infrastructure
Arweave has partnered with Cosmos, Polkadot, Avalanche, NEAR and Solana. The Graph, a blockchain indexing protocol, supports Arweave as well, allowing users to access archived blockchain data more efficiently.
Collaboration with DeFi Projects
More and more projects use Arweave to store data related to the crypto industry. There are some significant use cases in the DeFi space: Uniswap and Compound have already hosted their entire front-end applications on Arweave.
Expansion of Arweave Ecosystem
NFTs: Arweave has an NFT standard, known as Atomic NFT, that makes it possible to keep both the asset file, metadata file on chain and permanent, whereas other solutions just provide a one-off NFT and the metadata file is stored off chain.
DApps: Arweave has its own ERC-20 token format called Profit Sharing Token (PST). When deploying a smart contract, developers can set up a corresponding PST pass and agree that the holder of the PST will receive a proportional share of the future gas fees generated by the contract. Thus, the more a smart contract deployed on Arweave is used, the higher the intrinsic value of its PST tokens. This incentivizes developers.
In Summary
Arweave, the Web 3.0 storage infrastructure, is a decentralized cloud storage solution that solves the problem of storing data in perpetuity over time. Its network and application architecture supports development and data storage as a whole, making data integrity from time and space possible.
Many smart contracts, especially GameFi, pay much attention to user front-end behavior data and urgently need to connect the data on and off the chain..
With the growing richness of the ecosystem, Arweave has the potential to build a solid foundation to solve the above problems and have an excellent chance to become a top chain..
What is Footprint
Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights. It cleans and integrates on-chain data so users of any experience level can quickly start researching tokens, projects and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anyone can build their own customized charts in minutes. Uncover blockchain data and invest smarter with Footprint.
Footprint Website：https://www.footprint.network/
Discord：https://discord.gg/3HYaR6USM7
*Twitter: *https://twitter.com/Footprint_DeFi
Storage layer for on-chain data
The biggest problem with most public chains is that they cannot store large amounts of hypermedia data on their chains. Blockchain is a ledger for bookkeeping, not data storage. As a storage layer for on-chain data, Arweave has a vast market.
Storage layer for NFTs
NFTs, which have an obvious demand for long-term, immutable and publicly available storage, will likely be one of the major market segments for projects like Arweave.
Storage for public, but sensitive, content
In traditional centralized storage, the company or central authority can easily remove content. Activists like WikiLeaks, for example, or larger organisations similar to Wikipedia, would be prime candidates for decentralised storage.
Looking back at Arwearve’s technology development and market expansion trajectory since 2021, it is clear that the Arweave team has a clear and unique vision of its application scenarios and market strategy.
Cooperation with Web 3.0 Infrastructure
Arweave has partnered with Cosmos, Polkadot, Avalanche, NEAR and Solana. The Graph, a blockchain indexing protocol, supports Arweave as well, allowing users to access archived blockchain data more efficiently.
Collaboration with DeFi Projects
More and more projects use Arweave to store data related to the crypto industry. There are some significant use cases in the DeFi space: Uniswap and Compound have already hosted their entire front-end applications on Arweave.
Expansion of Arweave Ecosystem
NFTs: Arweave has an NFT standard, known as Atomic NFT, that makes it possible to keep both the asset file, metadata file on chain and permanent, whereas other solutions just provide a one-off NFT and the metadata file is stored off chain.
DApps: Arweave has its own ERC-20 token format called Profit Sharing Token (PST). When deploying a smart contract, developers can set up a corresponding PST pass and agree that the holder of the PST will receive a proportional share of the future gas fees generated by the contract. Thus, the more a smart contract deployed on Arweave is used, the higher the intrinsic value of its PST tokens. This incentivizes developers.
In Summary
Arweave, the Web 3.0 storage infrastructure, is a decentralized cloud storage solution that solves the problem of storing data in perpetuity over time. Its network and application architecture supports development and data storage as a whole, making data integrity from time and space possible.
Many smart contracts, especially GameFi, pay much attention to user front-end behavior data and urgently need to connect the data on and off the chain..
With the growing richness of the ecosystem, Arweave has the potential to build a solid foundation to solve the above problems and have an excellent chance to become a top chain..
What is Footprint
Footprint Analytics is an all-in-one analysis platform to visualize blockchain data and discover insights. It cleans and integrates on-chain data so users of any experience level can quickly start researching tokens, projects and protocols. With over a thousand dashboard templates plus a drag-and-drop interface, anyone can build their own customized charts in minutes. Uncover blockchain data and invest smarter with Footprint.
Footprint Website：https://www.footprint.network/
Discord：https://discord.gg/3HYaR6USM7
*Twitter: *https://twitter.com/Footprint_DeFi
Subscribe to Footprint Analytics
Subscribe to Footprint Analytics
<100 subscribers
<100 subscribers
No activity yet