The layer 2 scaling solution Polygon (MATIC) and Cere Network, a decentralized data cloud platform, or DDC, announced the launch of their joint venture Web3 media platform, named DaVinci. Their stated mission is to store nonfungible token (NFT)-backed assets more securely, and ensure verifiable and truly decentralized data.
DaVinci is a direct content monetization platform for NFT-backed experiences that aims to facilitate both decentralized data transfers and nonfungible token, or NFT, value transfers. Powered by Cere’s DDC, the platform enables personalized content streaming to NFT holders via smart contracts. And it leverages Cere Freeport, the NFT mining platform deployed on Polygon, to mint and sell functional NFTs that provide access to exclusive content.
Sandeep Nailwal, co-Founder of Polygon, shared in a statement that only the tip of the iceberg has been explored when in comes to the capabilities of NFTs.