A former grant recipient and a major contributor to the Internet Computer Protocol, the DFINITY Foundation, a blockchain that runs at web speed and provides an infinitely scalable platform for smart contracts, has launched a 3 D and interactive NFT platform, NFT Studio, a 3 D and interactive NFT platform.
NFT Studio allows developers to design, mint, and stake regular 3 D NFTs that can be sold, bought and transferred for next to no transaction fees. The breakthrough opens up new dimensions in the world of NFT art, as well as more commercial use cases in marketing or gaming.
Lukas Merville, Founder and Team Lead at NFT Studio, said that developers who work with powerful tools such as Blender and Cinema 4 D often say they are limited because platforms like Ethereum or Solana can't handle the size of the files they work with.
He added that 3 D NFTs sounded like fiction, well beyond the current state of the technology. We have made them possible on-chain thanks to the Internet Computer. NFT Studio currently comprises two tools - a 3 D voxel engine and a pixel engine - to build 3 D NFTs and mint them immediately. The NFT Studio Voxel Tool is used by artists to create 3 D voxel models. These voxel models can be used for multiple purposes, such as photos for social media and 3 D models for video games once constructed.
In 2021, the world has taken a storm with the introduction of the NFTs. The NFT sales volumes went to $10.7 billion in the third quarter of the year, up more than 800% over the previous quarter, according to DappRadar.
3 D variations have failed to take off, mainly because most networks can't handle the required file sizes, as a result of the fact that 3 D variations have failed to take off. OnEthereum, the storage on the ether is higher than with the Internet Computer.
One GB of smart contract data onEthereum costs more than USD 373 Million, while the same requirement on the Internet Computer is just USD 0.467 per month.
NFT metadata, including images and art, has to be hosted off-chain, either via a centralized website cache or on separate, decentralized storage such as IPFS.
IPFS still has issues with impermanence. If no one hosts the data, it could be lost forever. This undermines the philosophy of decentralization, but it also means that thousands of NFTs can be cut off from the metadata that provides them value, threatening the key benefit of immutability.
NFT Studio uses the Internet Computer Protocol to overcome these limitations. The network can provide a direct user experience through web browsers and phones, as part of the Web 3 technology stack.