FIL-Toronto Summit: Storverse Won 1st place in Data DAO Hackathon
By marketing@sao.network, Hedra Labs | Sept 23, 2022
Storverse, built on SAO Network, won 1st place in the multi-chain storage track of Data DAO Hackathon co-hosted by Filecoin Foundation and Filswan.
Toronto, Canada - Sept 19th, Filecoin Foundation and Filswan announced the winners of Data DAO related to FIL-Toronto Summit in respectively five competition tracks: Best use of IPFS/Filecoin for file storage, Multi-Chain Storage with FilSwan Network, Computing Over Data, Forest Bounty and Community Choice. 🎉Most notably, Storverse won the first place outstandingly in the Multi-chain Storage track, meanwhile, was awarded as the Community Choice project among all other competitors.
FIL Toronto Summit was collectively hosted by Filecoin Foundation, Orbit, and FilSwan in July 2022. There were subsequent events including meetups, workshops, keynotes, and the Data DAO Hackathon, aimed at bringing together 100+ Web3 users and inspiring the next generation of Web3 builders, to empower developers to solve significant problems, ship innovative applications and shape a more decentralized, robust, and secure web.
As Storverse won out for tackling issues inherent in IPFS/Filecoin, the core developer Leoren.eth said,
“Data stored on Filecoin or IPFS is publicly accessible to anyone with content IDs. End users have to encrypt their content before uploading if the data is not accessible for free. However, while the files stored on Filecoin/IPFS lack metadata like file details, keywords and description, the generated content IDs are meaningless for other users who’d like to buy and view the content.”
To improve data security and availability, Storverse works out a solution of splitting and encrypting files in a distributed way, which means no users or platforms but only the owners could access complete content for free.
“We want to provide a public content marketplace where content owners can choose to share for free or monetize their content while others can easily discover content using resource indexing as needed on a pay-as-you-go (PAYG) basis,”
Leoren.eth mentioned. That’s exactly what Storverse does. Built on SAO Network developed by Hedra Labs, Storverse is a demo product in the running for Data DAO Hackathon committed to creating a storage metaverse which includes components and solutions for paid content, decentralized identifiers, content social functioning and so on.
Check out the BUIDL link on DoraHacks: https://dorahacks.io/buidl/3189
About SAO Network
SAO Network is a decentralized storage infrastructure for Web3. It provides a decentralized storage protocol based on IPFS & Filecoin to increase the adoption of Web3 content storage and facilitate its ecosystem applications.
Hedra Labs, the core developer team of SAO Network and Storverse, was established in Singapore in 2021 as a blockchain-focused R&D taskforce teamed by industry pioneers, senior architects and developers from both fin-tech and blockchain fields who are dedicated to the development and evolution of Web3 and decentralized storage networks. Its ultimate goal is to provide a solid and comprehensive storage platform based on SAO Network for Web3 applications and make it secure, easy, and intuitive for users to own and manage their data.
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