Solmedia boosts user satisfaction by integrating Solana and Filecoin for enhanced experience.
Solmedia, a decentralized content-sharing platform, has announced the integration of the Solana blockchain with the latest Filecoin on-chain InterPlanetary File System (IPFS) technology. This integration, supported by the MEDIA token, will allow users to take advantage of Solana’s fast blockchain infrastructure and Filecoin’s secure decentralized storage, ensuring the protection and integrity of user content.
A representative from Solmedia emphasized the company’s commitment to preserving free speech and transparency in the Web 3.0 space. By utilizing Solana and Filecoin in conjunction with the MEDIA token, users will have control over their data and content-sharing experiences, bypassing censorship and biased information.
The adoption of Solana and Filecoin technologies aims to enhance user experiences by offering fast transaction speeds, lower fees, and reliable decentralized storage. This will streamline activities such as uploading, streaming, and accessing content.
The MEDIA token is designed to encourage user participation in the platform’s development, reflecting a community-led approach to content consumption that supports the platform’s mission of providing a censorship-free environment and promoting diverse perspectives.
Crypto.news attempted to reach out to the Solmedia team for further insights on the development but did not receive a response at the time of publication.
According to CoinMarketCap data, the value of the MEDIA token has increased by 20% in the past 24 hours, trading at $0.10668, with a trading volume of $13.8 million in the same timeframe.
Meanwhile, a report by Crypto.news on March 21 highlights the growing global investor interest in blockchain ecosystems, with Solana leading the way. The report shows that Solana accounts for 49.3% of global investor interest, demonstrating its significant impact on the blockchain community. Ethereum follows in second place, capturing 12.7% of investor interest.
Experts suggest that Ethereum’s strong reputation and brand awareness contribute to its popularity. However, there is a noticeable shift in investor attention towards second-layer networks built on Ethereum, indicating evolving preferences in the blockchain sector.
Read more: Trezor X account compromised as hackers push phony Solana token.
