“Pinata Celebrates Three Years: Giving Away 1 ETH to a Lucky Follower”

Last week, Pinata Technologies, Inc., the NFT media management company, celebrated its third anniversary as a company in the pioneering Web3 space. The company’s vision to foster a sense of place for every creator on the internet is coming to fruition as each year proves more successful than the previous. 

A Brief History

In 2017, co-founders, Kyle Tut and Matt Ober met in Omaha, Nebraska to begin the early concepts of Pinata. There was a need for a tool that stored blockchain data to the Interplanetary File System (IPFS). In 2018, they participated in ETH Berlin and won the hackathon with Pinata’s earliest prototype. In 2019, they continued building out the Pinata product through relationships with NFT builders and developers at other hackathons. 

“During this time, we saw early inklings that NFTs were an important concept, but the NFT market was still nonexistent,” shared Kyle Tut, CEO and co-founder. 

In the spring of 2020, when many were in lockdown during the early days of the pandemic, the team noticed more activity happening within the metaverse. The problem was many builders still didn’t know where to store their data for these virtual places. Kyle wrote the blog, ‘Who is Responsible for NFT Data’ in April 2020, which became a popular resource amongst many builders in the space on not only how to use Pinata for content storage, but also how to think about the potential uses and applications of NFTs. 

From there, NFTs began to explode in late 2020 into 2021, emphasizing the need for a tool like Pinata to help store, manage, and share data made by developers and creatives. 

Growth by the Numbers

In just three short years, Pinata has become one of the most trusted names in the NFT space. Widely known among creators and developers for its easy and seamless use to manage all sorts of data, the platform has become an essential part of building applications and now powers some of the top marketplaces for NFT trading. 

Pinata proudly serves more than 90,000 users worldwide and has more than 55 million files pinned to IPFS servers through their platform. In just the last 30 days, Pinata serviced more than 1.2 billion requests of data totaling more than 770 terabytes of data.

The fully-remote team continues to see growth as a company, as well. In just 2021 alone the team doubled in size with over 15 members across North America and Europe, and are still actively hiring for roles across all departments

To celebrate, the company is giving away 1 ETH to a lucky follower on their Twitter account between December 1st and 31st of this year. There is no purchase necessary. And all applicants must be US residents and over the age of 18. To learn more, apply, or see the full terms and conditions of this giveaway visit: Pinata's Bday Giveaway - WIN 1ETH.

 


© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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