Summary
• Filecoin is revolutionizing data storage through its blockchain-based cloud storage platform.
• The project has partnered with venture capital firm a16z to provide support to web3’s most visionary founders participating in the 2023 Crypto Startup School (CSS) accelerator program.
• Recently, Filecoin launched their Filecoin Virtual Machine (FVM) Builder Cohort on the Mainnet to unlock new possibilities on the web3 network.
Filecoin Unleashes Advancements in Data Storage and Collaboration
Filecoin is a blockchain-based cloud storage platform that is revolutionizing data storage. Through its native token FIL, the project incentivizes a global network of computer operators to provide a file-sharing and storage service. To further this mission, Filecoin has managed to attract major partners such as Lockheed Martin which is worth more than $100 billion.
a16z Crypto Partnership
Recently, Protocol Labs which founded and funds the development of Filecoin, has entered into a partnership with venture capital firm a16z which has over $35 billion in assets under management. Under this collaboration, the two will provide targeted support to some of web3’s most visionary founders participating in the 2023 Crypto Startup School (CSS) accelerator program. Participants will benefit from Privileged Engineering Support, Decentralized Storage Credits, Talent support, and PL Founders Community.
Launch of FVM Cohort
Mid-last month, the platform underwent an upgrade with the launch of Filecoin Virtual Machine (FVM) Builder Cohort on the Mainnet. As part of this launch, over 60 project teams were building with FVM on its Hyperspace testnet and became part of the mainnet pioneers cohort aiming to support impactful and sustainable solutions on FVM as part of Protocol Lab’s network. With this launch came many possibilities such as programmable storage primitives like bounties and auctions; cross-chain interoperability bridges; data-centric DAOs; Layer 2 solutions (reputation systems & computation fabrics); etcetera!
SEC Goes After FileCoin
Although there is much optimism for FileCoin’s future developments there have been some bumps along the way too – with SEC filing charges against them due mainly due to alleged noncompliance related issues during their 2017 ICO sale!