Original source:Filecoin Network
March 14, 2023 at 3:14 PM UTC (Epoch 2, 683, 348),Filecoin Virtual Machine (FVM)Officially launched, bringing on-chain programmability and smart contracts to the Filecoin mainnet. Dapps can use Filecoin storage primitives through valuable workflows, including persistent storage, data access control, data computation, data DAO, and more. These features solidify Filecoin’s status as a Layer-1 blockchain uniquely positioned to power the open data economy.
As of March 2024, more than 800 FVM projects from startups, hackathons, and builders on Filecoin have created approximately 680,000 wallets and deployed more than 3,000 contracts.
Read below to learn about the huge network milestones and new use cases FVM is unlocking on Filecoin.
Unlock new use cases and possibilities
In 2023, Dapp and smart contract builders developed features, integrations, and resources to support various projects built on Filecoin. Some of these topics include:
Data loading and management tools that automate storage transactions. The permanent data storage contract allows users to permanently store files inLighthousemiddle. With the support of FVM function, Lighthouse also launched the Proof of Data Segment Inclusion for the first time, which functions like a certificate of authenticity.NFT.Storage NFT Forever ProjectVerifiable storage is guaranteed through smart contracts, providing trustless, permanent storage for NFTs. also,programmatic storageSupports automatic or user-defined conditional upload, retrieval, and Filecoin storage transaction management.
Because Filecoin storage providers own computing resources such as GPUs and CPUs and centralize them with data, the data computing network is uniquely positioned to support large-scale off-chain computing.Web3 mineWe are actively building a network that will democratize the process of creating and capturing value by storing the computing resources of providers.CoopHiveA computing market is being built that obtains computing resources by connecting clients and computing nodes.
DataDAO facilitates the collective creation, management, and monetization of valuable data sets.Lagrange DAOIt is a DAO that realizes data value and decentralized science (DeSci), providing a space for data sharing and analysis. Researchers can upload datasets and models to their workspace and share them with the community.DALNA DataDAO is being developed for user-customizable access control and credit card transaction data monetization.
Cross-chain interoperability. along withAxelarandCeler NetworkThe Filecoin network has made significant progress towards cross-chain interoperability with the launch of messaging and token bridging solutions on mainnet. These integrations enable seamless communication and asset transfer between Filecoin and more than 30 other leading Web3 chains such as Polygon, Ethereum, Binance Smart Chain, Avalanche, etc.
fromFilecoin SaturnandFilecoin StationReward contract, the former is a decentralized content delivery network for fast retrieval on Filecoin, and the latter can connect the computers idle resources to the Filecoin network and provide FIL rewards.
Six important newBlock explorer,includeFilfox、Beryx Exploreras well asStarboardwait. Newly updatedFilecoin Dataset BrowserSupport for FVM retrieval of public datasets enables easy discovery of open access datasets stored on the Filecoin network.
Here are some noteworthy early projects built on FVM:
Clover: Building a workplace suite dedicated to improving communication and community engagement within the DAO organization.
FileMarket: Helps users of EVM-compatible wallets for digital content creation store files directly in the wallet without fear of unauthorized access and be able to earn money by selling access on public stores. Within the Encrypted FileToken Protocol (EFT), FileMarket aims to decentralize the role of a trusted third party responsible for fraud detection.
Hashcase: Helps brands create, publish and distribute digital collectibles to non-web3 audiences.
Eastore: A decentralized solution on Filecoin that uses fully on-chain smart contracts to store files directly to the Filecoin network.
Trustified: Build a platform for issuing anti-counterfeiting digital certificates and badges.
Resolutio: A blockchain-based seal that provides irrefutable proof of ownership, thereby protecting creative assets from unauthorized use.
Since Filecoin’s launch, its network builders have grown at an incredible pace. FVM is fully compatible with the Ethereum Virtual Machine (EVM), helping new Filecoin developers make rapid progress when deploying projects on the Filecoin blockchain.
More than one-third of the projects approved by the Filecoin Foundation Dev Grants Program in fiscal year 2013 were to enhance FVM capabilities, including block explorers, libraries, toolsets, etc.
At launch, early builders delivered over 30 projects to Mainnet, with 20 projects entering leading accelerators such as Graph Paper Capital, Longhash, and others.
Filecoin Orbit Ambassador ProgramMore than 30 FVM workshops and 10+ FVM hackathons were held in many cities to introduce Filecoin to builders. These activities have spawned 150 new projects deployed on Filecoin, IPFS or FVM test and mainnets, such as the Filecoin Dapp voting machine developed by a team in Tanzania.
The broader development community has demonstrated significant engagement with Filecoin over the past year with the launch of FVM. Hundreds of new projects using Filecoin continue to emerge through participation in hackathons such as ETHGlobal, ETHDenver, Encode, DevFolio, Huddle 01, and DoraHacks.
Improve platform capabilities
The Filecoin core development team has been working hard to introduce new platform features and lay the foundation for further improving Filecoin security and usability. Some of the highlights include:
Tracking API in Lotus, unlocking new web indexing tools.
Precise gas charging via improved event system call API (also critical for user-deployed WASM Actors).
IPLD reachability analysisEnsures deterministic state access, which is important for security because it ensures that the actor that owns the state can access it.
Improverandomness system call, making it independent of the user side for hashing.
Resource management, to obtain better execution performance.
Add toSupport for Actor upgrades(Pending network activation).
Promote storage provider development
FVM promotes the development of the Filecoin storage provider ecosystem. Dapps built on FVM help Filecoin token holders connect with storage providers and stake collateral, driving network capacity and data growth.
In just one year, multiple financial platforms have sprung up on the Filecoin network to support storage providers in obtaining collateral, includingGlif、stFIL、SFT Protocol、HashKing、FilFi、Filet Finance、MineFi、HashMix、CollectifDAOas well asFILLiquid。
Well-known third parties have also launched FVM integration, including cross-chain bridges (Axelar/Squid Router、Celer) and wallet services (Brave， Metamask)。
Recently, Binance completedIntegration of FIL, allowing token holders to deposit and manifest using the f410 address.
future outlook
With user programmability, the capabilities of the Filecoin network are expanding to new frontiers of innovation and technological advancement within the ecosystem. The launch of FVM kicked offFilecoin Master PlanPrelude to the third step:
Step one: Build the world’s largest decentralized storage network
Step Two: Load and Protect Human Data
Step 3: Bring retrieval and computing power to your data to build scalable applications
In the coming year, more decentralized services will unleash the power of the Filecoin network. In addition to FVM, 2023 also introducesInterstellar Consensus (IPC). IPC is a revolutionary blockchain technology powering Web3 applications worldwide. Teams already building with FVM-based smart contracts, tools, and Dapps can effortlessly transition and use the power of IPC to expand the hot storage layer, computing network, CDN, indexing engine, database, aggregator, and storage provider collection , searchable network, QoS evaluator, etc.
At last month’s ETHDenver Summit, Fluence announced the upcoming mainnet launch of its IPC-poweredDecentralized serverless computing platform, a platform that provides Web3 builders with cheaper, verifiable, and truly decentralized computing. Fluence is just one example of a project using Filecoin to build a Decentralized Physical Infrastructure Network (DePIN) that frees computing from centralized cloud providers by providing native decentralized, low-cost, and verifiable computing.
Today, the Filecoin network is at the intersection of many of the world’s scarce resources and has become the foundation for decentralized artificial intelligence, computing, and DePIN.critical infrastructure。
We would like to express our sincere gratitude to the developers, builders, teams, and all those who have contributed to the Filecoin network over the past year and helped us build the next generation of the Internet.
