- And also announced partnerships with well-known brands
- The project will offer its ecosystem for developers
Filecoin storage platform implemented own FVM (Filecoin Virtual Machine) on the main network. They start working as a level 1 blockchain where you can create dApps, DataDAO, NFTs and run liquid staking.
“FVM marks a new step in Filecoin’s strategic plans. Our goal is to enable large-scale computing and the ability to run web applications on the world’s largest decentralized storage network.”
The startup has added integration with bridges and other blockchains, this will help them integrate more closely into the overall cryptocurrency ecosystem. The first partners of the project were SushiSwap, Axelar and Celer.
Another interesting blockchain partner will be the Waterlily project, a neural network that generates pictures in the style of specific artists. This project has native tokens to reward authors who submit their work for AI training.
What do we know about Filecoin?
Previously, the project worked as a network for decentralized data storage. Interestingly, one of the IPFS storages they have deployed in space.
The startup’s investors include funds such as Sequoia and Andresseen Horowitz. So, Sequoia allocated $500 million last year, and Andresseen a record $4.5 billion.
However, the crypto winter also did not pass by this startup. In February, Filecoin Protocol Labs announced they would cut their staff by 21%.
