RyanTanaka

Decentralized Storage for NFTs and More - STORJ, Filecoin, CHIA

Long
BINANCEUS:STORJUSD   Storj / USD
Have you guys noticed that there isn't any video NFTs out there? That's because there's nowhere to store them right now on the blockchain.

STORJ ($STORJ) has done well this year due to the fact that people are seeking decentralized storage systems due to massive demand for #NFTs.

Filecoin ($FIL) has yet to make a move but in my opinion that's because they're targeting enterprise and institutional money

Chia ($XCH) is an interesting system that uses Proof-of-Space algorithms to verify transactions, similar to Bitcoin's Proof-of-Work. It's a very obscure project but it could potentially have big upsides once the ecosystem matures since it's a way for miner-types to make a few extra bucks with the HD space that they have sitting around.

Either way, decentralized storage systems being a thing in the future seems like a sure thing at this point. Hedge your bets accordingly. 👍

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.