Filecoin (FIL) Unveils Major Updates and Strategic Collaborations in Latest News Release

Filecoin
(FIL)
has
released
a
comprehensive
update
detailing
significant
advancements
and
strategic
collaborations
within
its
ecosystem,
according
to

Filecoin.
The
latest
news
includes
the
launch
of
a
new
FVM
explorer,
the
successful
implementation
of
the
nv23
waffle
upgrade,
and
key
partnerships
aimed
at
bolstering
decentralized
AI
and
data
storage
solutions.

Blockscout
Unveils
Filecoin
Explorer

Blockscout
has
introduced
a
new
Filecoin
Explorer,
designed
to
enhance
the
developer
experience
by
providing
tools
for
transaction
tracking,
wallet
balance
checks,
and
smart
contract
interactions.
This
user-friendly
interface
aims
to
streamline
the
development,
deployment,
and
management
of
decentralized
applications
on
the
Filecoin
network.

nv23
Waffle
Upgrade:
Enhancing
Efficiency

The
nv23
waffle
upgrade,
rolled
out
on
August
6,
2024,
brings
significant
improvements
to
the
Filecoin
network.
Key
features
include
Fast
Finality
(F3)
for
quicker
transaction
completions
and
support
for
legacy
Ethereum
transactions,
facilitating
the
integration
of
Ethereum
tools
and
contracts.
The
upgrade
also
introduces
Non-Interactive
Proof
of
Replication
(NI-PoRep)
to
simplify
processes
for
storage
providers.

Messari’s
State
of
Filecoin
Q2
2024
Report

Messari
has
published
its
State
of
Filecoin
Q2
2024
report,
highlighting
the
network’s
resilience
and
growing
adoption.
The
report
reveals
a
rise
in
storage
utilization
to
over
26%,
despite
a
decrease
in
storage
capacity.
The
Filecoin
Virtual
Machine
(FVM)
reached
$273
million
in
total
value
locked,
driven
by
strong
engagement
in
token
staking
and
leasing.

Strategic
Collaborations

Filecoin
has
announced
several
strategic
collaborations
aimed
at
advancing
decentralized
AI
and
data
storage
technologies:

SingularityNET
Partnership

In
partnership
with
SingularityNET,
Filecoin
aims
to
enhance
AI
capabilities
through
decentralized
physical
infrastructure
networks
(DePIN).
This
collaboration
focuses
on
integrating
SingularityNET’s
AI
platform
with
Filecoin’s
decentralized
data
storage,
exploring
new
standards
for
AI
ethics,
and
developing
innovative
data
storage
solutions.

Bagel’s
GPU
Restaking

Bagel
has
introduced
GPU
Restaking,
extending
blockchain
restaking
to
physical
computing
resources
like
GPUs.
This
innovation
allows
resources
to
be
utilized
across
multiple
platforms,
maximizing
efficiency
and
market
liquidity.
The
partnership
with
Filecoin
Foundation
offers
exclusive
access
to
this





technology
for
AI
developers.

Lighthouse
Endowment
Pool

Lighthouse
has
launched
an
endowment
pool
on
the
Filecoin
network,
aimed
at
enabling
perpetual
data
storage
on
the
decentralized
web.
This
initiative
focuses
on
simplifying
user
experiences
and
providing
seamless
integration
with
both
web2
and
web3
applications.

Storacha
Integration

Storacha
joins
the
Filecoin
ecosystem,
transforming
web3.storage
into
a
community-driven,
decentralized
hot
storage
network.
This
solution
is
designed
to
handle
large
data
flows,
offering
scalability
and
reliability
for
decentralized
applications
and
infrastructure.

Magna’s
Token
Vesting

Magna
has
successfully
integrated
its
first
smart
contracts
for
token
vesting
and
claims
on
the
Filecoin
network.
This
integration
enhances
the
Filecoin
Ethereum
Virtual
Machine
(FEVM)
with
advanced
token
management,
ensuring
secure
and
efficient
token
distribution.

Upcoming
Events

Filecoin
will
host
a
series
of
events
at
FIL
Bangkok,
ahead
of
Devcon.
These
events
will
focus
on
decentralized
AI
infrastructure,
DePIN,
and
the
data
economy,
featuring
dynamic
programming,
major
announcements,
and
networking
opportunities.

For
more
details
on
these
updates
and
collaborations,
visit
the

official
Filecoin
blog.

Image
source:
Shutterstock