MRHB DeFi recently announced a new strategic partnership with Sukhavati Labs, a decentralized cloud network service focused on storage. Now all NFTs minted on the MRHB DeFi network — such as on the SouqNFT Marketplace — will be stored in a secure and permissionless manner at a low cost on the decentralized Sukhavati network.
The key word here is ‘decentralized’ — the vast majority of blockchain protocols out there run on Amazon Web Services (AWS), a centralized platform. Not only does storing NFT metadata on centralized networks come with critical risks, in MRHB’s view it also runs against the true spirit of decentralization.
Both MRHB DeFi and Sukhavati strongly believe that the most defining features of cryptocurrency are trustlessness and decentralization. It is critical for the future of crypto that the technology that powers its protocols follow this paradigm.
Now when artists and collectors create and sell on the SouqNFT platform, they are supporting an ethical economy that runs its transactions in a decentralized manner.
After forming this partnership last summer, both teams have been working hard to ensure the best possible product offerings. Their communities can expect see more exciting developments for their protocols with more upcoming features launched.
About MRHB DeFi
MRHB DeFi is a halal, decentralized finance platform built to embody the true spirit of “Ethical and Inclusive DeFi” by following faith-based financial and business principles where all excluded communities can benefit from the full empowerment potential of DeFi.
The diverse team comprises researchers, technocrats, influencers, Islamic fintech experts, business entrepreneurs, and industry professionals, who have all come together to ensure that MRHB DeFi prevails in a manner that will impact society as a whole, essentially bridging the gap between faith-conscious communities and the blockchain world.
MRHB DeFi Official Channels
Telegram Announcements: https://t.me/marhabadefi_ANN
SouqNFT Marketplace: https://souq.mrhb.network
About Sukhavati Network
Sukhavati Network is a decentralized cloud network service that is focused on storage. The network is built on hardware-based Trusted Execution Environment (TEE) and the Substrate framework to inspire and incentivize improvements on distributed storage ecosystems.
Sukhavati creates a decentralized gateway that covers both Web 3.0 and Web 2.0 storage services. It allows unified data storage, retrieval, and management on Web 3.0 applications.
Sukhavati Network Official Channels
Telegram Channel: https://t.me/SukhavatiNetwork
Telegram Announcement Channel: https://t.me/SukhavatiN