Key Takeaways
Polygon is getting a new NFT-based content product via Cere Network.
DaVinci will enable creators to mint NFTs that unlock exclusive content for fans.
The NFTs will be hosted on Cere’s infrastructure offering, Decentralized Data Cloud.
Share this article
Cere Network is launching an NFT-based content creation product called DaVinci on Polygon.
Cere Network Launches DaVinci on Polygon
Polygon is getting a new NFT platform aimed at creators.
The decentralized cloud protocol Cere Network announced the launch of DaVinci Monday, detailing how it will enable content monetization through NFTs on Polygon.
In a press release, the Cere team said that DaVinci will focus on content creation in the entertainment sector. The main use case will be giving creators the ability to mint NFTs that unlock exclusive content for fans, and the platform will also give creators analytics tools to help them tailor their content to NFT holders.
DaVinci is powered by a set of technologies developed by Cere, including a Polygon-based NFT minting service called Freeport and Decentralized Data Cloud (DDC), a blockchain-focused storage solution for dApps. Together, these two technologies have helped Cere offer a content creation and monetization platform for the NFT industry.
Freeport, the smart contract toolset within DaVinci, will let creators mint and sell NFTs on Polygon. Freeport’s smart contract functionality will also allow creators to collect royalties from every subsequent NFT sale. Meanwhile, the content associated with the NFTs will be hosted on Cere’s Decentralized Data Cloud rather than the centralized cloud servers many NFT projects rely on.
While most NFT content is not stored on the blockchain today, Cere co-founder Fred Jin says the project addresses the issue by decentralizing NFTs with the Polygon team. Jin said:
“Most NFT content is not stored securely on the blockchain. This is a problem simply because your NFT can lose its content and associated value. The DaVinci platform solves this problem via Cere DDC’s secure decentralized content delivery innovations.”
Since last year, NFTs have exploded in popularity and seen increased adoption in the mainstream. In the crypto community, digital collectible avatar projects like CryptoPunks and Bored Ape Yacht Club have proven particularly popular. But as the industry is fast-evolving, new use cases are emerging. One of them is giving holders access to online clubs and other special benefits.
In September 2021, Cere landed a $3 million investment from Polygon. It also received $28 million in a CERE token offering and is backed by Binance Labs and Arrington XRP Capital.
Disclosure: At the time of writing, the author of this piece owned ETH and MATIC.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
A Pirate Bay Clone for NFTs Has Hit the Web
A critic of non-fungible tokens has created The NFT Bay, a site that mimics the Pirate Bay, in order to distribute NFT images in bulk. The NFT Bay Sets Sail…
Polygon Lands $450M as Sequoia Capital Bets on Web3
Polygon has closed a $450 million raise. Sequoia Capital, one of Silicon Valley’s oldest and most successful venture capital firms, led the round. Polygon Raises $450M Venture capital firms are…
NFT Express: Your on-ramp to the world of NFTs
At Tatum, we’ve already made it super easy to create your own NFTs on multiple blockchains without having to learn Solidity or create your own smart contracts. Anyone can deploy…
Aave Team Launches Lens, an NFT-Based Social Media Protocol
The team behind the DeFi platform Aave has launched the testnet for Lens, a social media protocol that relies on NFTs for data management. Lens Will Promote User Data Ownership…
Be the first to comment