SINSO DATALAND; AN ENTRANCE LEADING EVERYONE TO METAVERSE
The metaverse is a networked 3D virtual world that combines the physical and digital realms using IoT, VR, AR, AI, and other emerging technologies. With the use of applications, AR glasses, and VR headsets, these ecosystems can be accessed. Through the metaverse, we can experience these environments, which are made up of countless layers of data, and own digital assets there.
We must comprehend data, the fundamental element of the metaverse as we usher in a new era of invention and creativity. Without a doubt, data is being exchanged at every level based on user action, allowing us to make sense of these virtual environments and act or respond in them.
Did you know that 20 minutes of VR use can generate over 2 million distinct pieces of data? Consider all the data that the use of AR and MR might then produce. For both marketers and users, the options are limitless. So far, it’s been observed how businesses use data to evaluate and extract information for commercial goals, such as sales, marketing, or client retention.
The market for data-gathering devices is expanding due to the internet of things’ (IoT) rapid development and adoption. Millions of unsecured IoT devices are potentially exposing user data as a result of the IoT’s expansion. According to a Hewlett-Packard survey, 70% of IoT devices do not encrypt data during transmissions, and 80% of IoT devices have insufficient password protections. Additionally, many mobile applications have poor security.
SINSO DataLand is a platform that lets users create and plan data governance and storage statuses for managing data collections. For people to genuinely govern their own data, it gathers the background information of SINSO ecological storage and offers an API interface with a simple connection to DApps. It is a doorway that leads everyone into the Metaverse.
For users to access their own “data land,” SINSO DataLand offers an NFT browser with an archive feature and a decentralized identification (DID) fusing Web2.0 and Web3.0 identities. SINSO DataLand can be envisioned as a decentralized data explorer.
They want to make sure that we all have control over the avatars, images, and other relevant data when using NFTs, which is a typical worry. Users are relieved of their nervousness thanks to DataLand’s comprehensive look into these issues, which makes it simple for everyone to make their own NFTs.
SINSO DataLand ensures data ownership and fosters an environment that is fair and safe, whilst the exchange and transfer of NFTs depend on the community and the market. According to Hayek, the basis and cornerstone of a market economy are the protection of free property, which the private domain of data can do to pique the interest of producers. Protected data is the province of SINSO DataLand.
FUNCTIONS OF SINSO DATALAND
The first function of Sinso DataLand is that it will be possible to mint inexpensive ultra-large-scale data NFTs using DataLand. Gamefi’s NFTs can be dynamic NFTs with rich data content thanks to SINSO DataLand, and NFTs based on numerous photos and videos can also be created using this technology. The obstacles of high gas prices and inefficient storage are no longer present.
Secondly, it will be possible to save data assets to DataLand to back up user data through connections with other widely used NFT platforms. Of fact, there won’t be a need to copy the data; it might just be to simply save a link. DataLand transforms your data into a “data asset” rather than just a storage location, facilitating financialization and monetization. You can specify the equity and revenue share that you exchange with the community, businesses, and other institutions because NFT is a programmable contract. Through CID, manipulation is simple.
The CIDs and processes observed at DataLand function nicely collectively. DataLand will be provided as a mobile SDK, making it simple for other platforms to contact it. To examine their data saved in a decentralized manner, NFT wallets are incorporated in DataLand’s mobile SDK, for instance.
NFT contracts can be created using SINSO DataLand for both private persons and DAO entities. The “zero-knowledge proof network” is what lies underneath DataLand, not a network disk. Since DataLand is worth more than 1,000 Dropboxes, it is possible to build a Dropbox but not the other way around. Zero-knowledge proof offers a practical and convenient verification approach so that data/accounts outside of the Web3.0 ecosystem (off-chain) can simply get on-chain verification and win the ecosystem’s trust, enabling the interchange of data/assets. Can the fairness of the transaction be ensured in the absence of a reliable third party?
We will eventually be able to use DataLand’s data assets for mortgage lending. These elements have, of course, already been adopted by the NFT industry, and DataLand has assisted NFTs in extending their horizons. Without a zero-knowledge proof network, it is challenging for us to provide rewards for contributions without revealing any information, such as the anonymous donation of medical data.
DATALAND + FILECOIN VIRTUAL MACHINE
DataLand expands access to the enterprise storage + computing industry in addition to NFTs. As intended, Filecoin is gradually introducing its virtual machine (FVM), which integrates fundamental computational and storage resources. The primary goal of FVM is to facilitate the operation of native Filecoin Actors, which translate other programming languages into WASM format and serve as the runtime environment for external smart contracts (such as EVM).
By mimicking the underlying bytecode, the compatibility of FVM to EVM has advanced to an out-of-the-box level, allowing developers to utilize their familiar Remix, Truffle, and other tools for direct development. The majority of smart contracts don’t require any modifications in order to convert to FVM, which is a crucial data governance framework for SINSO. DataLand+FVM can implement decentralized data processing, including processing in the storage on the Filecoin network and directly on SINSO Getway nodes.
To sum up, SINSO DataLand serves as an anchor for the data space of individual users, and they remove the computational layer rather than hand it over to platforms. Countless applications that transform people into content producers and DAO stakeholders will be witnessed once we see data returning to individuals.