Cost-effective transactions on ZkSync: introducing FileMarket “Flames”


20 Nov 2023 1:09 PM

Enter FileMarket, a peer-to-peer platform designed for the trade of digital goods within Web 3.0. It aims to be a decentralized alternative to platforms like Gumroad, addressing the pain points of high fees, geolocation-based restrictions, censorship, and privacy concerns that both sellers and buyers frequently endure...

  • The Bitcoin whitepaper recently celebrated its 15th anniversary.
  • Cryptocurrency can be used to purchase investment products, decentralized finance services, crypto assets, and real-world assets like real estate and commodities.
  • FileMarket is a peer-to-peer platform for trading digital goods within Web 3.0, aiming to address pain points like high fees, geolocation-based restrictions, censorship, and privacy concerns.
  • FileMarket uses the Encrypted File Token (EFT) protocol for unlockable content management and leverages perpetual storage solutions like Filecoin and IPFS.
  • Tokenizing files on FileMarket allows for immediate market access to EFTs and establishes new rules for the digital economy.
  • FileMarket introduces on-chain Flames (Likes) to highlight popular goods and encourage user participation.
  • The platform actively engages creators, offering a transparent system with royalties and a secondary market.
  • Instant rewards and incentives are provided for creators who upload valuable items and bring their audience.
  • The platform offers the cheapest 'like' transaction in ZkSync.

The overall sentiment of the article is positive. It highlights the growing recognition of cryptocurrency for purchasing various assets, introduces FileMarket as a solution to address pain points in the market, and emphasizes the benefits and incentives for creators on the platform.

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You May Ask

What can you legally purchase with cryptocurrency?What is FileMarket and what problem does it aim to solve?How does FileMarket tokenize files and what are the benefits?What are the incentives for creators on FileMarket?Where can I find more information about FileMarket and engage with the community?

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