Polygon and Filecoin Announce Cross-Compatible Bridge To Expedite Web 3 Development

Announcements, Blockchain, Innovation, News | August 23, 2021 By:

Ethereum scaling full-stack solution Polygon has teamed with decentralized storage network Filecoin to deploy cross-compatible bridge and extend free storage to encourage the development of Web 3 infrastructure.

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc., and Standalone Chains like Polygon POS, designed for flexibility and independence.

Filecoin allows users to store, request, and transfer data via a verifiable marketplace. Filecoin is completely open-source, enabling people from all over the world to participate. The Filecoin protocol runs on an advanced and novel proof system — a combination of Proof of Spacetime (PoSt) and Proof of Replication (PoRep), to provide unmatched efficiency and reliability.

According to a press release, the bridge will connect Filecoin and Polygon data stores and allow ecosystem projects pro gratis usage of the bridge and storage to encourage cross-platform development.

The fully functional storage bridge was recently created by open-source IPFS-based storage toolkit Textile to create an efficient way for Polygon developers, applications, smart contracts, and NFTs to integrate and harness Filecoin-based storage.
Textile’s release offers a fully functional storage bridge that allows developers to efficiently store data from any Polygon address without any new signups, secrets, or API keys — a first for the network. The bridge enables a simple, permissionless storage endpoint for developers and their Polygon application users. Currently, it is operational on the Polygon mainnet and Mumbai testnet. In addition, Textile has a roadmap to gradually increase the usability of the bridge, and eventually, to decentralize governance of the bridge.

Interoperability will enable an entire host of new Web 3 applications by allowing developers to combine capabilities from different blockchains to meet their particular needs. Through the cross-chain bridge, Filecoin will bring greater functionality to Polygon applications that require decentralized and verifiable storage. This will be especially relevant to the 170+ and growing NFT and gaming projects building on Polygon.

“We’re thrilled that our work with Textile is opening so many inroads for projects to build out the cryptocurrency sector and delighted to be able to now offer Polygon developers access to free and decentralized storage,” said Juan Benet, founder of Filecoin. “Building infrastructure to support the growth of the Web 3 is integral to encourage user adoption and enhance user experience.”

“Engendering cross-platform compatibility is at the heart of what we’re trying to achieve at Polygon,” said Sandeep Nailwal, co-founder of Polygon. “Interoperability between separate blockchains is just as important as scaling these systems — particularly as we move toward onboarding the next billion users to the Ethereum network and the broader Web 3.”