Solmedia, a decentralized content-sharing platform, has announced its integration of Solana blockchain technology with the latest Filecoin on-chain InterPlanetary File System (IPFS) technology. This integration, powered by Solmedia’s native token MEDIA, allows users to leverage Solana’s high-speed blockchain infrastructure and Filecoin’s secure decentralized storage, ensuring the protection and integrity of user content against unauthorized alterations or access.
A spokesperson from Solmedia emphasized the company’s commitment to upholding free speech and transparency in the Web 3.0 landscape. The utilization of Solana and Filecoin, alongside the MEDIA token, aims to empower users with control over their data and content-sharing experiences, fostering an environment resistant to censorship and biased information.
By adopting Solana and Filecoin technologies, Solmedia aims to enhance user experiences through faster transaction speeds, lower fees, and reliable decentralized storage, facilitating seamless activities such as content uploading, streaming, and access. The MEDIA token incentivizes user engagement in platform development, reflecting a community-driven approach to content consumption that aligns with Solmedia’s mission of providing a censorship-free environment and promoting diverse perspectives.
Despite attempts to gather further insights from the Solmedia team, Crypto.news was unable to receive a response at the time of publication.
According to data from CoinMarketCap, the value of the MEDIA token surged by 20% over the past 24 hours, reaching $0.10668, with a trading volume of $13.8 million within the same period.
Meanwhile, a report from Crypto.news on March 21 highlights the growing global interest among investors in blockchain ecosystems, with Solana emerging as a frontrunner. The report reveals that Solana commands 49.3% of global investor interest, underscoring its significant influence in the blockchain community. Ethereum follows closely behind, capturing 12.7% of investor attention.
Experts attribute Ethereum’s enduring popularity to its strong brand awareness and reputation. However, there is a noticeable shift in investor focus towards second-layer networks built on Ethereum, indicating evolving preferences within the blockchain sector.