Filecoin News 97
✨ Highlights ✨
Fast Finality is coming to Filecoin in nv24!
The Tuk Tuk 🛺 network upgrade is coming, bringing exciting enhancements to Filecoin! This upgrade introduces fast finality, reducing transaction finality from 7.5 hours to just seconds. It also sets a lower bound for sector initial pledges to ensure robust network security. Additionally, it adds the MCOPY opcode to support the latest Solidity contracts and a precompile to fetch beacon digests from chain history, providing reliable randomness for smart contracts. Read more about the upgrade coming soon.
Messari’s “State of Filecoin Q3'24” is live
Messari just released their quarterly State of Filecoin report! Here are some of the highlights:
- Filecoin’s new storage deals rose by 16% quarter-over-quarter, with storage utilization increasing from 26% to nearly 30%, despite an 18% reduction in storage capacity.
- By the end of Q3, over 2,000 clients had onboarded data to Filecoin, including 518 clients with large datasets over 1,000 TiB.
- The Filecoin Virtual Machine (FVM) saw over 4,500 unique contract deployments, with DeFi net deposits exceeding 20 million FIL ($84 million), mainly used in staking and DEXs.
- Filecoin advanced as a decentralized physical infrastructure network (DePIN), creating a marketplace for storage and enabling decentralized compute and AI services.
- The Filecoin Web Services (FWS) framework was introduced, adding a verifiable services marketplace for developers and users, alongside new AI partnerships to expand data solutions.
Want to dive deeper? Read the full report.
🌎 Community Updates 🌎
Final Call: Submit Your FIL-RetroPGF-2 Applications by Nov 4th!
The deadline to submit your FIL-RetroPGF-2 Stage 2 applications is fast approaching on November 4th. This is your last chance to showcase your project’s impact over the past six months and compete for a share of the 300K FIL funding pool. Don’t miss out, review the application guidelines and submit your project soon!
DSA Member Interview with Filecoin OG, Stuart Berman
Stuart Berman, a DSA member and Filecoin pioneer, explores the technical and practical promise of decentralized storage, tracing its evolution from web2 to web3 in this recent DSA member interview. He discusses the benefits of decentralized data control, immutability, and security, as well as emerging challenges like access control and proof of access. Berman also shares insights from his recent work, focused on helping enterprises and users leverage Filecoin and Web3 for resilient, scalable data storage solutions. Read the article for all of Stuart’s insights.
Destor partners with Kabat to deliver energy-efficient cloud storage
DeStor has entered into a strategic partnership with Kabat, Europe’s leader in energy-efficient hardware, to provide enterprise-grade decentralized cloud storage solutions across Europe. This collaboration combines DeStor’s decentralized storage expertise with Kabat’s renewable-powered data centers in Germany, Poland, and Estonia, which boast a Power Usage Effectiveness (PUE) of 1.2 and meet the EU’s highest security standards. By leveraging Kabat’s sustainable infrastructure, DeStor aims to offer scalable, secure, and environmentally responsible storage solutions that align with the growing demand for green cloud technology. Kabat CEO Lukasz Kabacinski expressed that this partnership is a significant step toward uniting sustainability and innovation, while DeStor’s CSO Mara McMahon highlighted the environmental and cost benefits for enterprises across Europe. Check out the full announcement.
The State of DeStor 2024 Report
The “State of DeStor 2024” uncovers IT decision makers' perspectives on decentralized storage. The report reveals key trends in data security, scalability, and adoption. Get the full report to gain a data-driven analysis of how decentralized storage is perceived by IT leaders.
Act Now: NFTdotStorage needs your help to remain operational!
NFTdotStorage is seeking donations to sustain its mission of preserving NFTs as enduring assets, ensuring they do not risk becoming “dead” due to failures in off-chain storage of images and metadata. To move toward a sustainable model, NFTdotStorage aims to raise $750,000 by November 10. Without reaching this funding goal, the project’s future remains uncertain, potentially necessitating a wind-down or alternative solutions to ensure continuity. Donate now!
🎉 Events 🎉
Here are just a few places where you can find the Filecoin community in Bangkok!
- Unlock Innovation at Filecoin’s Hacker House in Chiang Mai: Join a 9-day immersive event from happening now through November 3 for selected developers to collaborate and build in the Filecoin ecosystem before FIL Dev Summit and FIL Bangkok. Register to drop in.
- FIL Dev Summit 5: From November 6-8, gather with top minds in the Filecoin ecosystem for hands-on workshops, presentations, and networking to drive decentralized tech innovation.
- Lab Week in Bangkok: Dive into Lab Week from November 11-17, a dynamic, community-driven series of events and workshops connecting web3 innovators to explore the future of decentralized technology.
- DePIN Meets AI at FIL Bangkok: On November 11, explore DePIN and AI advancements with CoinDesk Studios on the FIL Bangkok Main Stage, showcasing L2 solutions and Filecoin’s latest upgrades.
- Storacha Presents “Hot Ones and Zeros”: Join Storacha at ChimChim Bangkok on November 13 for a unique evening of networking, a drag performance, and a “Hot Ones” panel with top web3 founders discussing decentralization; first 75 attendees receive exclusive merch!
For a complete list of community events happening from now through November 17 in Bangkok, check out the Lab Week events list.
