Polygon, Filecoin Bridge to Aid Web 3.0 Growth

Polygon, an Ethereum scaling full-stack solution, recently announced a cross-chain bridge to decentralized storage network Filecoin to accelerate Web 3 interoperability between both ecosystems. The bridge will connect Filecoin and Polygon data stores and allow ecosystem projects pro gratis usage of the bridge and storage to encourage cross-platform development.

With the majority of DeFi bluechip dApps such as Sushiswap, Curve, Aave, Balancer, Kyber already using Polygon as their preferred scaling solution, adding a Polygon-Filecoin bridge was the next logical step to aid collaboration and composability between blockchain-based systems, the companies said.

The fully functional storage bridge was recently created by open-source IPFS-based storage toolkit Textile to create an efficient way for Polygon developers, applications, smart contracts, and NFTs to integrate and harness Filecoin-based storage.

Textile’s release offers a fully functional storage bridge that allows developers to store data from any Polygon address without any new signups, secrets, or API keys. The bridge enables a simple, permissionless storage endpoint for developers and their Polygon application users. Currently, it is operational on the Polygon mainnet and Mumbai testnet. In addition, Textile has a roadmap to gradually increase the usability of the bridge, and eventually, to decentralize governance of the bridge.

“We’re thrilled that our work with Textile is opening so many inroads for projects to build out the cryptocurrency sector and delighted to be able to now offer Polygon developers access to free and decentralized storage,” Filecoin founder Juan Benet said. “Building infrastructure to support the growth of the Web 3 is integral to encourage user adoption and enhance user experience.”

Interoperability will enable new Web 3 applications by allowing developers to combine capabilities from different blockchains to meet their particular needs. Through the cross-chain bridge, Filecoin will bring greater functionality to Polygon applications that require decentralized and verifiable storage. This will be especially relevant to NFT and gaming projects building on Polygon.

Polygon’s low transaction fees and sustainable proof-of-stake consensus mechanism make Polygon a more practical and economical option for activities such as minting and trading NFTs.

“Engendering cross-platform compatibility is at the heart of what we’re trying to achieve at Polygon,” Polygon cofounder Sandeep Nailwal said. “Interoperability between separate blockchains is just as important as scaling these systems — particularly as we move toward onboarding the next billion users to the Ethereum network and the broader Web 3.

“The Filecoin-Polygon bridge will further that mission by supporting developers via free storage and access to both ecosystems.”

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