Description
FileMarket is a P2P file-sharing protocol and platform for storing, transferring, and trading files. It operates as a multi-chain marketplace specializing in the tokenization and monetization of public data through perpetual decentralized storage with a privacy layer. The platform offers benefits such as true ownership via tokenization, 100% privacy through file encryption, and is fully permissionless, operating without gatekeepers or KYC. It also features on-chain provenance for transparent history, a secondary market for reselling digital goods, and a royalty system for creators. FileMarket Labs has developed the Encrypted FileToken (EFT) protocol, a new token type designed to securely and privately transfer data on a public blockchain, addressing the "right-click-and-save" issue common with traditional NFTs.