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What is InterPlanetary File System (IPFS)?

Crypto Terms Glossary: What is InterPlanetary File System (IPFS)?

The InterPlanetary File System (IPFS) is a network for storing files and transferring verifiable data in a peer-to-peer (P2P) manner. Developed by Protocol Labs, the IPFS is complementary to Filecoin, which is a blockchain designed to incentivize persistent data storage. Both protocols, while complementary, can be used separately. Notable crypto projects that utilize IPFS or offer integrations with it include The Sandbox, Rarible, Unstoppable Domains, and the Flow blockchain.

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