![]() In total, third party developers (such as Glif, FILL Pool, Filet Finance, etc) are planning to make more than 5M FIL available via DeFi services to Storage Providers via pilot programs in the next few months. Following the launch of FVM, decentralized financial services built by developers may make it easier for FIL, an essential component of the Filecoin storage network, to be leased by tokenholders to storage providers to facilitate increasing storage capacity and usage. Since launch, storage providers have secured hundreds of TiB of clients data with more than 130M FIL locked as collateral, while continuously earning block rewards and income from storage deals. The FVM also aims to unlock more growth opportunities for Storage Providers (SPs) on the network, who contribute over 13 EiB of storage capacity and make Filecoin the largest open access storage network on the planet. For example, Longhash and Graph Paper Capital have already launched FVM-specific accelerator programs. Investors are excited about this potential and have earmarked millions of dollars in capital to help incubate businesses in the Filecoin ecosystem that seek to capitalize on these opportunities. Ultimately, the FVM and Filecoin network could enable the development of applications, markets and organizations that may eclipse the scale and breadth of services offered by centralized cloud providers and those running on top. The products and services that can be developed with the FVM represent opportunities to grow and capture sizable existing, nascent or entirely new markets worth trillions of dollars. We’re excited to continue collaborating with the Filecoin network and building the future of Web3 together.” - Jared Grey, CEO of Sushi With FVM, we can unlock new frontiers for decentralized finance and offer our users even more innovative and efficient solutions. ![]() “We’re thrilled to integrate with FVM and leverage its powerful smart contract capabilities to enhance the user experience on Sushiswap. The whole Filecoin community is thrilled to welcome Ankr, Axelar, Brave, Celer, Ocean, Sushi, Tellor and many other projects, who are bringing new FVM-enabled integrations. While many other VM runtimes will come to FVM over time - choosing EVM first was a testament to the strong developer community and thriving tooling ecosystem that has been built by our many friends in Ethereum. ![]() The FVM also brings the rest of web3 closer to the Filecoin ecosystem: The first runtime to launch on the FVM is the familiar-to-many Ethereum Virtual Machine (EVM). The ability to launch FVM-powered DataDAOs, dApps, and more – many of which were impossible to build before – has energized the 16,000+ developers in the Filecoin ecosystem. Waterlily is one of over 150 teams which began deploying FVM-powered products and services to the Filecoin mainnet earlier today after experimenting, iterating and hardening on testnets over the past few months. ![]() For example, Waterlily, a prompt-based AI tool that generates images in the style of specific artists, uses tokens to directly reward the creator of the original AI training data. The FVM not only brings closer a more resilient, accessible and decentralized cloud, but also opportunities to own and reward individual contributions to the data economy in previously unimaginable ways for the many thousands of developers, storage providers, entrepreneurs and other network participants from all over the world. Many leading web3 projects have announced plans to use, support, or integrate with FVM to upgrade their services. The launch of FVM kicks off the final step in the Filecoin Masterplan, which aims to bring large-scale computation and the ability to power web-scale apps to the world’s largest decentralized storage network.Īdditionally, the launch of FVM solidifies Filecoin’s position as the Layer-1 blockchain uniquely poised to power an open data economy. Likewise, FVM allows developers to orchestrate where, when and how data gets placed, governed, and monetized on open markets. Opening up creativity and control is how smartphones came to rule the world. When phones became “smart”, the ability to write and install apps catapulted these devices far beyond their pre-installed capabilities. This launch is a landmark milestone in Filecoin’s larger roadmap, which aims to bring open access and public verifiability to the three key arms of the data economy (storage, compute and content-delivery). As of epoch 2,683,348 (or 3.14PM UTC on March 14), the Filecoin blockchain now supports smart contracts and user programmability via the Filecoin Virtual Machine, unlocking the enormous potential of an open data economy. ![]() Today, the Filecoin community is proud to announce the successful launch of the Filecoin Virtual Machine (FVM). The Filecoin Virtual Machine (FVM) is live on Mainnet! ![]()
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