Analysis Crypto by Thebittimes.Com

The Web3 SuperApp and crypto wallet Kresus has partnered up with Sotheby’s to offer digital art collectors new non-fungible token (NFT) storage solutions through Sotheby’s Metaverse, according to a press release shared with Finbold on February 8.  The collaboration seeks to help digital art collectors purchase and manage digital artwork more seamlessly via the Kresus mobile application integrated within Sotheby’s Metaverse platform. Established nearly three years ago, Sotheby’s Metaverse has established itself as a leading NFTs and digital art broker, featuring curated collections and exclusive releases from digital and traditional artists alike.  As one of Sotheby’s digital wallets, Kresus is now a convenient, Web3-oriented solution for both new and seasoned digital art collectors looking to protect their investments. Finance Ukraine may freeze bank accounts to push war service: Is crypto the answer? Cryptocurrency February crypto hotlist: N...

The latest update would incentivize the community to participate in the ecosystem and make enterprise storage viable for all. Decentralized storage networks are getting increasingly popular over mainstream centralized ones such as AWS, Google and Microsoft. The primary reason for the shift is low cost of operations and security.  Some of the notable decentralized storage platforms are Filecoin, Siacoin, Bititorent, and Storj. Among these platforms, Storj has developed a new scalable solution called Storj NEXT, promising more scalable decentralized solutions for Web2 and Web3 firms alike. With a focus on community building, the latest upgrade introduces a new economic model that provides for broader participation in the Storj ecosystem.  Storj is a decentralized system of distributed object storing, which keeps information encrypted. Storj is based on Bitcoin's blockchain technology and peer-to-peer protocol in order to provide safe and efficient cloud storage. Storj utilizes unuse...