Media Network Legacy dCDN: Empowering DeFi, DAOs, and Marketplace Updates

Decentralized Finance (DeFi) projects and Decentralized Autonomous Organizations (DAOs) are a perfect fit for Media’s Legacy dCDN, allowing them to serve their websites and applications without going through legacy Web2 centralized providers’ hassles.

Media’s dCDN processed more than 34M requests in January alone.

PaaS (Protocol as a Service)

Like DeFi and DAOs, Media Network is founded on the principle of permissionless, open access and does not decide who can use the service. Compared to legacy CDN providers used today by most projects, Media Network doesn’t have risks such as depending on a team member’s using email address or a credit card to enable and maintain these services. A multisig-created dCDN resource completely removes today’s ability of one of the team members to shut down websites or applications taking unilateral decisions.

A DAO can’t get an account with Cloudflare or Vercel but can easily buy MEDIA through a DEX to pay for the services.

Adding dCDN resources is easy, fast, and cheap. Powered by Solana.

Real-life Usage

Since the network launch back in April last year, we’ve seen impressive growth. A few star websites like Solanart (The OG Solana NFT Marketplace, processing millions of dollars a day) are currently live on Media’s dCDN.

https://solanart.io is the leading NFT Marketplace on Solana. Powered by Media’s dCDN.

The NFT Marketplace lists the most popular collections and processes millions of dollars a day, serving APIs and images to end-users directly from the dCDN.

The DAO

Today, we’re excited to announce “The Media DAO,” a community-led entity with no central authority in charge of controlling the fate of the network. Anyone holding $MEDIA tokens can now vote and shape the protocol through on-chain proposals. Media Governance UI code can be forked from here. There’s also a front-end hosted at https://dao.media.network and http://8jxrvc8h.dcdn (Handshake).

On-chain governance is finally here! Join us and vote as the first proposal is up at https://dao.media.network.

To achieve all this, the Media Smart Contracts and SPL programs are fully autonomous and transparent, lay the foundational rules, and execute the agreed-upon decisions directly on-chain. Ultimately, the Media DAO is governed entirely by its members (the $MEDIA token-holders), who collectively make critical decisions about the project’s future, such as technical upgrades, grants, and treasury allocations.

Community members create proposals about the future operations of the protocol and then vote on each proposal. Submissions that achieve consensus are then accepted and enforced by the rules instantiated within the smart contract. Large corporations ‘ familial hierarchical structures give way to community collaboration under this framework. This way, each member of the Media DAO oversees the protocol at some level.

The elegance of this framework is the alignment of incentives. It is in the individual’s best interest to vote only for proposals that serve the best interest of the protocol itself. A healthy, robust protocol will garner more usage and increase the value of the tokens that each DAO member owns.

Media Network Updates Its Vision

The Media Foundation is launching a new decentralized marketplace for web services that uses smart contracts to manage interactions between providers and clients. However, the existing dCDN network will still operate on Solana for a smooth transition.

The legacy dCDN network, which is run by the Media Foundation and requires 25 MEDIA SPL tokens for creating and removing CDN resources, will remain fully functional. Clients who use the Solana SPL Media program and the Legacy dCDN network can continue to use their current services without interruption.

The new marketplace will offer clients more choices as they can browse and search for CDN providers, view their offers, and transact using MEDIA tokens. Meanwhile, the Media Foundation continues to support the Solana SPL Media program and the Legacy dCDN network.

Please take a moment to explore our latest blog posts, where you can find valuable information regarding the recent updates and enhancements in the Media Network marketplace. We invite you to delve into these articles to expand your understanding of our platform's advancements.