‘3D’ NFTs are making their way into the Internet Computer Network (ICP)





Bybit

The DFINITY Foundation, a major contributor to the Internet computing, a blockchain that runs at web speed and provides an infinitely scalable platform for smart contracts, has launched NFT Studio, a 3D and interactive NFT platform that runs on the Internet Computer Protocol and a former grant receiver.

NFT Studio allows creators to design, mint and wager regular and interactive 3D NFTs that can be transferred, bought and sold for almost no transaction fees. The breakthrough opens up new dimensions in the world of NFT art, as well as more commercial use cases in marketing or gaming.

“Creators who work with powerful tools like Blender and Cinema 4D often say they are limited because platforms like Ethereum or Solana can’t handle the size of the files they work with,” explains Lukas Merville, founder and team leader at NFT Studio. a statement .

He added: “3D NFTs sounded like fiction – way beyond the current state of blockchain technology. But we made them possible on-chain thanks to the internet computer.”

Internet computer makes its NFT mark

NFT Studio currently includes two tools – a 3D voxel engine and a pixel engine – to build 3D NFTs and instantly mint them. The NFT Studio Voxel Tool is used by artists to create 3D voxel models. Once built, these voxel models can be used for multiple purposes, such as photos for social media and 3D models for video games.

NFTs took the world by storm in 2021. NFT sales volumes soared to $10.7 billion in the third quarter of the year, up more than 800% from the previous quarter, according to DappRadar.

However, so far 3D variants have not taken off, mainly because most networks cannot handle the required file sizes. Storage on Ethereum is orders of magnitude higher than on the Internet computer.

One GB of smart contract data on Ethereum costs more than $373 million, while the same requirement on the Internet computer is only $0.467 per month.

As a result, NFT metadata, including images and art, must be hosted ‘off-chain’, either through a centralized website cache or on separate, decentralized storage such as IPFS.

However, IPFS still has issues with transience. If no one hosts the data, they could be lost forever. Not only does this undermine the philosophy of decentralized assets, but it also means thousands or even millions of NFTs could be cut off from the metadata that provides them with value, threatening the main advantage of blockchain immutability.

NFT Studio overcomes these limitations by using the Internet Computer Protocol. The network acts as a complete Web3 technology stack and can provide a direct user experience through web browsers and smartphones.

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