Applications and Use Cases

Free NFT Backup Service Available on KnownOrigin Marketplace


September 22, 2022

NFTs offer new solutions for establishing digital ownership of items – and the variety of NFTs is growing by the day. But the downside is that blockchains do not store large amounts of data. Files associated with NFTs, such as images, videos and audio files, are typically stored on privately owned web servers or on the interplanetary file system, IPFS.

The main difference between the two is that Ethereum-based NFTs stored on private servers are impossible to protect. When the NFT marketplace fails, the content cannot be restored once offline. About 40% of NFTs are stored on privately owned web servers and around 50% are stored on IPFS, according to ClubNFT.

With backup, IPFS files can be restored, and ClubNFT’s backup ensures the safety and longevity of the NFT's stored on IPFS. NFT marketplace KnownOrigin stores its NFTs on IPFS, and the marketplace partnered with ClubNFT to allow KnownOrigin users to download a backup of their NFTs to their computer.

KnownOrigin is a marketplace to discover, buy and collect digital artwork and rare NFTs. The company was acquired by eBay in June of this year.

At KnownOrigin.io, users will find a ClubNFT button for one-click access to easily obtain a backup. The service is free and requires no wallet connection or transaction signing.

"NFT token longevity and technical quality is a problem which is often totally ignored,” said James Morgan, CTO at KnownOrigin. “We care deeply about the safety and longevity of our users' NFTs, which is why we follow Web3 best practices and have invested heavily in building a safe storage infrastructure, utilizing multiple IPFS providers"

ClubNFT will also provide KnownOrigin users a number of insights into their collections:

  • Which NFTs in their collection were minted following best-practices, using IPFS for off-chain content, and which were not.
  • Which marketplaces consistently follow these best practices, like KnownOrigin, and which do not.
  • A number of technical insights of interest to conscientious collectors.

"Through our partnership, KnownOrigin is providing unprecedented assurance for its users and enabling them to control the destinies of their IPFS-based NFTs," said Jason Bailey, co-founder of ClubNFT.




Edited by Erik Linask

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