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What is NuCypher?

Protect sensitive information like IAM tokens, database and SSH credentials, and cryptographic keys in dynamic settings. Access to this sensitive data can be conditionally granted or revoked for multiple users as necessary. It is possible to handle encrypted data while preserving the confidentiality of both input and output. The NuCypher PRE network provides strong cryptographic access controls for decentralized applications and protocols. Moreover, NuCypher's NuFHE library enables secure and private computations on encrypted data by third-party nodes. Fully Homomorphic Encryption (FHE) is a specific encryption method that permits secure and unrestricted computation on encrypted data, allowing operations to be performed without decryption. Therefore, actions on encrypted data mimic those on the original plaintext, maintaining both security and functionality in various contexts. This advanced capability not only bolsters data privacy and security but also opens the door for innovative uses across multiple industries, ultimately transforming the landscape of data management and processing. As technology evolves, the importance of such secure methodologies will only increase.

What is FileMarket?

FileMarket.xyz is a cutting-edge Web3 platform designed for file-sharing and marketplace interactions, allowing users to tokenize, store, sell, and trade digital files as NFTs through its distinctive Encrypted FileToken (EFT) standard, which provides comprehensive on-chain programmable access and tokenized paywalls. By harnessing the capabilities of Filecoin (FVM/FEVM) and IPFS, along with multi-chain functionalities such as ZkSync and Ethereum, it ensures lasting decentralized storage while emphasizing user privacy and continuous access facilitated by smart contracts. With the implementation of strong encryption, files are securely stored on Filecoin using Lighthouse, empowering creators to mint NFTs that symbolize encrypted content and stipulate access conditions. Upon purchase, buyers can allocate funds within a smart contract, share their public key, and, once the transaction is complete, receive an encrypted decryption key to download and unlock the desired file. A backend listener, paired with a fraud-reporting system, is in place to ensure that only accurately decrypted files are finalized in transactions, while the transition of ownership triggers the secure exchange of keys, significantly enhancing the overall security of the process. This robust framework not only streamlines the experience for creators and buyers alike but also cultivates an environment of trust and efficiency throughout each transaction, thus encouraging more users to participate in this evolving digital marketplace.