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New NFT platform will be launched soon as the Polygon ecosystem grows


February 14, 2022 · By MATheGooner
Polygon (MATIC)

Cere Network, which aspires to decentralize content and empower artists via NFTs, is bringing a new NFT-based content product to Polygon.

Cere Network, a decentralized cloud platform, is introducing DaVinci on Polygon, an NFT-based content production platform that will allow producers to mint NFTs that unlock exclusive content for fans. 

The Cere team stated in a press release that DaVinci will focus on content development in the entertainment industry. The platform will give creators analytics tools to assist them customize their material to NFT holders, as well as providing them the opportunity to mint NFTs that unlock special content for fans. 

Cere developed a collection of technologies that enable DaVinci, including Freeport, a Polygon-based NFT minting service, and DDC, a blockchain-focused storage solution for decentralized apps. Cere has been able to offer a content production and monetization platform for the NFT market thanks to the combination of these two technologies.

On Polygon, creators will be able to mint and sell NFTs using Freeport, DaVinci’s smart contract toolset. The smart contract functionality of Freeport will also enable creators to get royalties on further NFT sales. Meanwhile, rather than the centralized cloud servers that many NFT initiatives rely on, the content associated with the NFTs will be hosted on Cere’s Decentralized Data Cloud. 

While most NFT information is not currently saved on the blockchain, Cere co-founder Fred Jin claims that the project solves the problem by decentralizing NFTs in collaboration with the Polygon team. Jin stated:

“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.”

Cere received a $3 million investment from Polygon in September 2021. It was also supported by Binance Labs and Arrington XRP Capital and raised $28 million in a CERE token offering. 

The non-fungible token (NFT) industry is destroying the world. Digital tokens have been available for a while, but their popularity skyrocketed in March after artist Beeple’s work, Everydays: The First 5000 Days, sold for $69 million.

According to a new estimate from blockchain analytics firm Chainalysis Inc., about $41 billion in cryptocurrency was paid to two types of Ethereum smart contracts related with NFT marketplaces and collections from the beginning of 2021 through mid-December. 

Last year, the popularity of non-fungible tokens (NFTs) skyrocketed, with multimillion-dollar sales and celebrities like singer Shawn Mendes, socialite Paris Hilton, and former first lady Melania Trump joining on board.

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