Press Release
SINSO unveils plans to improve Web3 with novel innovations including data DAO
Sinso, inspired by filecoin is set to revolutionize the cache network and data programmability in Web3 with its latest innovations.
Disclaimer: This is a sponsored press release. Readers should conduct their own research prior to taking any actions related to the content mentioned in this article. Learn more ›
SINSO, a Web3.0 infrastructure with the potential to build the DAPP ecosystem, is set to grow even more with new features aimed at improving Web3. To begin with, SINSO intends to maintain consistency in cross-chain asset transactions by leveraging the cross-chain bridge Poly Network to advance cross-chain operation and expand its connotation, thereby improving the flexibility and extensibility of Web3 applications. Poly Network and SINSO together will increase the flexibility and extensibility of Web3 applications. In essence, Poly Network would form a partnership with SINSO to improve cross-chain transactions and would never be limited to the cross-chain of assets.
Furthermore, SINSO aims to improve NFT loading efficiency in order to improve decentralization and the GameFi ecosystem. The technology developed by SINSO Getway will enable OORT Digital’s native NFTs (OORT heroes, weapons, potions, scrolls, and so on) to become more decentralized without compromising the gaming experience.ย
OORT Digital NFT static metadata is currently only stored on-chain. The NFT content is stored on Filecoin, while the dynamic metadata (such as strength, intelligence, and so on) is stored on centralized servers. This is because the OORT Digital NFTs’ value is derived primarily from their functional value in the game, which prioritizes the gaming experience. OORT can use SINSO technology to store dynamic data on Filecoin as well by leveraging the Layer-2 solution and converting hero NFTs to dynamic NFTs without slowing down the gaming experience. This will significantly boost the intrinsic value of OORT Digital NFTs.
SINSO will also provide citizens of the OORT Universe with Decentralized Identity (DID) solutions and a metadata browser. It essentially means that every citizen in the OORT Universe will be able to obtain a passport that will officially recognize their status.ย
Moreover, OORT Digital will soon launch SPARK, a non-transferable loyalty point. The loyalty points, along with other social media accounts, will be associated with the decentralized identity using SINSO’s technology.ย
The decentralized identity + loyalty points system will allow OORT Digital to more efficiently and fairly evaluate and reward different community members, resulting in a more equitable and robust economy.
OORT Digital currently only supports NFTs on Polygon and Binance Smart Chain (BSC), but we hope to expand to support more networks in the future. Finally, we want to support NFTs across a variety of networks.ย
SINSO intends to create a Filecoin EVM solution that will provide the best data-oriented environment for programmable NFTs. OORT Digital can more easily onboard Filecoin NFTs to add more utilities with the Filecoin EVM solution.ย
Finally, following the release of the Filecoin Virtual Machine, Data DAO will be a potential application scenario (FVM).
The SINSO ecosystem is looking into what types of businesses DAO can build using Filecoin. These organizations are known as Data DAOs. Using data from outside the chain in conjunction with the public chain and traditional oracles is a clumsy approach. The FVM-based SINSO DAC is designed primarily to construct a DAO framework with data assets at its core. The first version of the prototype program will be released in mid-2023. SINSO has collaborated on wallets, public chains, cross-chain bridges, NFTs, and GameFi with over 50 partners worldwide.ย
For more information on these partners, please visit SINSO’s official website. We can see a vibrant world thanks to SINSO technology.
Website: https://www.sinso.io/
Twitter: https://twitter.com/sinsonetwork
Telegram/: https://t.me/sinsonetwork/
