Cere Network is aiming to decentralize content and empower creators with NFTs.
Key Takeaways
- Polygon is getting a new NFT-based content product via Cere Network.
- DaVinci will enable creators to mint NFTs that unlock exclusive content for fans.
- The NFTs will be hosted on Cere's infrastructure offering, Decentralized Data Cloud.
Cere Network is launching an NFT-based content creation product called DaVinci on Polygon.
Cere Network Launches DaVinci on Polygon
Polygon is getting a new NFT platform aimed at creators.
The decentralized cloud protocol Cere Network announced the launch of DaVinci Monday, detailing how it will enable content monetization through NFTs on Polygon.
In a press release, the Cere team said that DaVinci will focus on content creation in the entertainment sector. The main use case will be giving creators the ability to mint NFTs that unlock exclusive content for fans, and the platform will also give creators analytics tools to help them tailor their content to NFT holders.
DaVinci is powered by a set of technologies developed by Cere, including a Polygon-based NFT minting service called Freeport and Decentralized Data Cloud (DDC), a blockchain-focused storage solution for dApps. Together, these two technologies have helped Cere offer a content creation and monetization platform for the NFT industry.
Freeport, the smart contract toolset within DaVinci, will let creators mint and sell NFTs on Polygon. Freeport’s smart contract functionality will also allow creators to collect royalties from every subsequent NFT sale. Meanwhile, the content associated with the NFTs will be hosted on Cere’s Decentralized Data Cloud rather than the centralized cloud servers many NFT projects rely on.
While most NFT content is not stored on the blockchain today, Cere co-founder Fred Jin says the project addresses the issue by decentralizing NFTs with the Polygon team. Jin said:
“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.”
Since last year, NFTs have exploded in popularity and seen increased adoption in the mainstream. In the crypto community, digital collectible avatar projects like CryptoPunks and Bored Ape Yacht Club have proven particularly popular. But as the industry is fast-evolving, new use cases are emerging. One of them is giving holders access to online clubs and other special benefits.
In September 2021, Cere landed a $3 million investment from Polygon. It also received $28 million in a CERE token offering and is backed by Binance Labs and Arrington Capital.