MRHB DeFi and Sukhavati Labs Partner to Bring Web3 to Excluded Communities

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 with Sukhavati last summer, both teams have been working hard to ensure the best possible product offerings. Their communities will 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

Website: https://mrhb.network

Twitter: https://twitter.com/marhabadefi

Telegram: https://t.me/mdf_official

Telegram Announcements: https://t.me/marhabadefi_ANN

YouTube: https://www.youtube.com/c/MarhabaDeFi

Medium: https://medium.com/@mrhbdefi

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

Website: https://sukhavati.io

Twitter: https://twitter.com/Sukhavati_N

Discord: https://discord.gg/aPmKWUBvR7

Telegram Channel: https://t.me/SukhavatiNetwork

Telegram Announcement Channel: https://t.me/SukhavatiN

Medium: https://medium.com/@Sukhavati

Reddit: https://www.reddit.com/r/SukhavatiNetwork

--

--

--

Just what’s BIT BUZZIN’

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Which is better? Python vs R. Tableau vs Power BI.

How to Pass a FAANG or Big Tech Coding Interview

Persistent UDFs + BQ GIS = ♥

Dissecting AWS’s Virtual Private Cloud (VPC) | Private IP Addresses, Public IP Addresses, Internet…

Detail expect account like walk.

What do we still lack to develop web apps?

PouchContainer Goroutine Leak Detection Practices

How to Create Hyper-V Virtual Machine: Complete Walkthrough

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Bit Media Buzz

Bit Media Buzz

Just what’s BIT BUZZIN’

More from Medium

Oddiyana Ventures’ Strategic Investment & Advisory Services for Beamswap

Why MatrixETF is the best place to invest in 2022 People have been looking for the best platform to…

Venice Swap, taking the Crypto trading experience to a whole other level.

MetaWear — Insiders Ventures Strategic Partnership and Investment