Solmedia, a decentralized content-sharing platform, has announced integrating the newest Filecoin on-chain InterPlanetary File System (IPFS) technology with the Solana blockchain.
Users may now take advantage of Solana’s fast blockchain infrastructure and Filecoin’s safe, decentralized storage designed to prevent user content from being accessed illegally or altered.
Solmedia’s native token, MEDIA, backs the improvement. According to a senior Solmedia spokesman, the company’s priorities in the Web 3.0 sphere are upholding free speech and transparency.
In order to avoid censorship and skewed information, the use of Solana, Filecoin, and the MEDIA token is meant to provide consumers control over their data and content-sharing experiences.
By providing quick transaction times, inexpensive fees, and dependable decentralized storage, Solana and Filecoin technologies integration seeks to enhance user experiences by optimizing tasks like uploading, streaming, and content access.
The MEDIA token aims to foster community-led content consumption and support the platform’s objective of providing a censorship-free environment and promoting diverse viewpoints by incentivizing user participation in its development.
The MEDIA coin saw a 20% boost in value over the previous day, trading at $0.10668, with $13.8 million worth of trades over that same period, according to CoinMarketCap data.
A March 21 article, however, emphasizes how Solana is at the forefront of the increasing interest shown by investors worldwide in blockchain ecosystems.
According to the research, 49.3% of global investor interest is in Solana, demonstrating the company’s considerable influence on the blockchain community.
The second position goes to Ethereum, which has attracted 12.7% of investor attention. Analysts speculate that Ethereum’s strong reputation and well-known brand help explain its appeal.
However, there is a discernible change in investor focus toward Ethereum-based second-layer networks, indicating changing tastes in the blockchain industry.
