Foil Network | Journal

2021-12-22 08:00:04 ​Would NFT be available for purchase on Instagram?
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The popular social network surprises us again! CEO Adam Mosseri announced the possible implementation of special tags in publications, so that users will be able to buy NFT
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When do you think all this will be implemented? Open / Comment

2021-12-21 19:00:15 ​Hi! Foil Network is an independent blockchain. Not a fork, not a sidechain, but an independent project!
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Why do you need your own blockchain?
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The most popular NFT format, built on the Ethereum blockchain, yet has got some issues.
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In fact, the NFT token in the ERC721 standard is just a hash of the original digital work. The original is stored in IPFS or on a centralized server. The files, metadata, description and creator data do not belong to the owner. They can simply be deleted.
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To solve all these problems, Foil entered into a collaboration with Erachain, a blockchain development company.
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Erachain technical solutions in the field of on-chain data storage, user verification and workflow solved several problems of the format at once:
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The storage has become independent and decentralized. The hash of the image, not the link, but the file itself is encrypted in the blockchain. Also, the content of NFT can be encrypted, and then the work becomes exclusive. And the provenance will remain publicly available and will also be in the blockchain along with the KYC. Erachine solutions have done the most important thing - made it possible to legally record and transfer rights to NFTs. You can attach a license to the NFT in the description or in a separate document, which will also be inseparable from the file.
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Erachain continues to support the technical implementation of the Foil Network idea. A new ecosystem has emerged as a result of our collaboration. And in the process, it has been and continues to be updated with new functions. Open / Comment

2021-12-20 21:36:05 ​Here's another reason traders need to be watchful. Especially when it comes to transactions.
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Just recently the owner of the NFT from Bored Ape Yacht Club collection #3547 made a typing error and sold his token for 0.75 ETH instead of 75 ETH
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The owner explained that this was due to a loss of concentration.
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Of course, the token was snapped immediately. Lucky the buyer!
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The moral is: don't lose concentration, be careful and enter all data carefully so you don't lose your funds. Open / Comment

2021-12-19 21:05:10 ​Here's a cool artwork from our marketplace!
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This picture is created by the talented artist olkk Biki
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The dog is one of the oldest animals, and they have been protecting both their homes and their owners for over 15,000 years.
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The painting shows a Rottweiler watching a starry bright night.
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Are you a dog lover? Open / Comment

2021-12-19 08:00:04 ​Hi friends! As you already know, the Foil Network allows you to attach license agreements to NFTs, and the NFTs themselves can contain virtually any content, including art, music, videos, texts, and even 3D objects!

But does Foil support the creation of multiple NFTs (editions)? Yes.

You can create as many copies of your work as you want on our network, just like on other popular sites.

In this case, tokens will contain the same content on the blockchain and differ only by the mint number.

Who could be interested in this? Practically everyone! Writers publishing their new novel as an NFT, musicians releasing new single, even 3D designers ready to sell a set of new models! The advantage of FOIL will be very noticeable here, too.

Unfortunately, it will no longer be possible to connect an exclusive rights transfer agreement to the replicated NFTs, but the other license agreements will not go anywhere, and users will be able to use all the features that the authors have prescribed. Demonstration on a blog, production of merchandise, use in your own project... The list of possibilities is very wide. For example, a music single with a connected license can be used to create your own video NFT!

Yes, other NFT owners will be able to do that besides you, but still, buying tokens from FOIL's circulation network is already a much more serious and profitable investment. Especially if you compare it to circulations in other popular networks, where the buyer does not receive any rights and the basis for the purchase can be just a nice number of the NFT issue. Open / Comment

2021-12-17 21:52:32 2 words "Merry Christmas" for £170,000
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The world's first SMS in the form of an NFT on the Ethereum blockchain will be auctioned for £170,000. Open / Comment

2021-12-17 18:00:17 Open / Comment

2021-12-16 08:00:05 ​Our blog has a review post about Pure NFT

In it you will learn about the essence of a Pure NFT, the possibility of creating exclusives. We explained the importance of the constituent parts of NFT: provenance, author's reputation, possibility and size of commission, NFT artifacts (drafts and sources).

The article is available on the blog Open / Comment

2021-12-15 19:30:04 ​Hi! Today we are going to talk about how big your NFT can be on our blockchain

You can upload a file with a size up to 18mb.

As we told you earlier, it can be:

a video
image
text
song

This size may seem small. But the average size of high-resolution photos or songs suitable for viewing/listening on any device is from 1 to 6 mb.

In addition, our work is entirely stored on the blockchain and will not disappear from it.

By the way, the weight of the famous Cryptopunks (24x24 pixels) is much less! Only 8 bits.

A few months ago we did a stress test of the system in the sandbox! We created as much as 3 gigabytes of content in 24 hours! And guess what? The network worked without a hitch

Your work will be completely stored on the blockchain, but by no means it will be pixelated! So... We encourage you to invent, imagine and create Open / Comment

2021-12-14 10:57:27 ​Did you know that NFTs have touched not only the world of fine art, but also the world of literature? Now your NFT can be a literary work!

The Foil platform has a built-in text editor. Without any character limit, you can write a novel, article, essay, poem, play, poem or even a dissertation. The text can be not just filled in, but also beautifully designed, with the possibility to highlight headings and important information.

Do you know what this means?

Now you can sell exclusive material and secure the authorship on the blockchain.

Imagine you're a musician and you wrote song lyrics. You create an NFT for the lyrics, put them up for auction and get the royalties you deserve. Below you can add a license agreement with the right to get royalties from artists for covers

And, most importantly, you won’t need to be worried again about someone stealing your work. Only verified authors can work in our system (unless, of course, you yourself "screwed up" with someone else's content, but we believe in you).

And by the way, our marketplace already features NFT articles! May your work be next Open / Comment