Binance’s BNB Chain Releases Whitepaper of Upcoming BNB Greenfield

• Users with BNB tokens and a BNB Chain address may store information on greenfield.
• The goal of the development of these tools is to increase BNB’s use.

BNB Chain, Binance’s blockchain platform, has lately indicated a desire to create a Web3-based storage infrastructure, which it has dubbed BNB Greenfield. The whitepaper they released on their official Twitter page indicates that it will be integrated into BNB Chain’s decentralized storage architecture, which provides end users and decentralized applications with full access to their data.

Furthermore, support for the BNB Chain project’s testnet of the anticipated Web3 infrastructure is being provided by the community development teams from Amazon Web Services, NodeReal, and Blockdaemon. Moreover, a distributed storage network for Web3 applications, BNB Greenfield will provide smart contract interfaces. The goal of the development of these tools is to increase BNB’s use, which in turn should increase demand for the token.

Web3 Storage Network

Senior solution architect at BNB Chain Victor Genin recently explained the impetus for the forthcoming endeavor, revealing the objective of building a new theme for the ownership and usefulness of data. He went on to say that with BNB Greenfield’s help, “utility and financialization opportunities for data that is in storage,” and that data ownership will become programmable.

Moreover, users with BNB tokens and a BNB Chain address may store information on BNB Greenfield in a way similar to that of Web2 cloud storage services like DropBox. Furthermore, the whitepaper describes a wide range of applications for BNB Greenfield, including private cloud storage, web portal hosting, and deployment, a novel social media model, the archival of gigabytes of data from BNB Chain, and L2 roll-up transactions, to name just a few.

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