Filecoin News 90

✨ Highlights ✨

Network Version 23 - Waffle Update

Get ready for the latest network upgrade, nv23, codenamed Waffle! Rolling out on Mainnet on August 6, 2024, this update brings several key improvements to the Filecoin network, enhancing performance and unlocking new capabilities.

Key Filecoin Improvement Proposals (FIPs) in NV23:

1. Soft Launch of Fast Finality (F3) - FIP-00086:
   • Enables passive F3 testing on mainnet.
   • Sets the stage for fast finality in future upgrades, with a potential full rollout in nv24.
2. Support for Legacy Ethereum Transactions - FIP-0091:
   • Adds support for Homestead and EIP-155 Ethereum transactions.
   • Enhances compatibility with Ethereum tools and wallets.
   • Eases onboarding for Ethereum users and improves interoperability with the Ethereum ecosystem.
3. Non-Interactive Proof of Replication (NI-PoRep) - FIP-0092:
   • Introduces a significant change to the sector sealing process.
   • Separates sealing from storage tasks, allowing independent execution.
   • Enables early sealing in regions with lower energy costs.
   • Gives storage providers control over scheduling their sectors for window post deadlines.

What This Means for the Filecoin Network

• Enhanced Performance: NI-PoRep makes adding storage easier and more cost-effective, potentially accelerating network growth.
• Broader Ecosystem Integration: Support for legacy Ethereum transactions opens new cross-chain application possibilities.
• Faster, More Efficient Network: The soft launch of F3 is the first step towards significantly reducing transaction confirmation times.

Stay tuned for more updates as we approach the launch of Network version 23 - Waffle. This upgrade is set to enhance Filecoin’s capabilities, efficiency, and integration with the broader blockchain ecosystem!

🤝 Collaboration Announcements 🤝

Filecoin and SingularityNET Collaborate to Transform AI Data Storage

Filecoin is collaborating with SingularityNET to revolutionize AI data storage by ensuring secure and verifiable model training. Through LighthouseWeb3, they aim to protect metadata and promote ethical AI practices, reinforcing Filecoin’s role as a foundational pillar for decentralized AI infrastructure. This collaboration highlights the commitment to creating a robust and transparent ecosystem for AI development, leveraging the strengths of both organizations to advance the field significantly. Learn more in this CoinTelegraph feature. 

Leading AI Projects Choose Filecoin as DePIN Backbone

At FIL Brussels, alongside EthCC, the Filecoin Foundation announced strategic collaborations with leading AI organizations including SingularityNET, Theoriq, Bagel, and Nuklai. These collaborations underscore Filecoin’s pivotal role as the decentralized infrastructure (DePIN) backbone for AI advancements. By leveraging Filecoin’s robust decentralized network, these collaborations aim to enhance AI development, emphasizing the network’s growing influence and importance in the AI and blockchain sectors. This marks a significant step in establishing Filecoin as a key player in the future of decentralized AI technology. Read all about it on the FF blog. 

Nuklai and Filecoin Foundation Join Forces to Archive Global Data

Nuklai and the Filecoin Foundation are collaborating to archive the world’s data, leveraging Filecoin’s decentralized storage network to create a robust and secure solution for long-term data preservation. This collaboration aims to ensure that valuable information is accessible and preserved for future generations, highlighting Filecoin’s critical role in the decentralized web. This initiative underscores the importance of decentralized storage in safeguarding the integrity and accessibility of global data. For more details, visit the Nuklai blog.

🌎 Community Updates 🌎

DeStor Launches Decentralized Storage Marketplace

DeStor has announced the launch of DeStor.com, a decentralized storage marketplace that offers secure, scalable, and cost-effective data management solutions for enterprises. DeStor also signed its first S3 Cloud Solution client, Intuizi, a leader in geospatial computing. The partnership demonstrates how DeStor is accelerating the adoption of decentralized technologies for enterprise buyers. Read the full announcement to learn more about DeStor.

FILLiquid’s Mainnet is Live

FILLiquid is launching its innovative service for FIL token holders, offering the benefits of earning rewards without sacrificing liquidity. Users can earn returns on their FIL tokens while still having the flexibility to use them in other DeFi activities, maximizing capital efficiency and potential gains. This new service aims to provide a seamless experience with greater financial opportunities for the Filecoin community. Stay updated on the latest developments by visiting their Twitter. 

European Orbit Community Meetups: Eager Developers, Decentralized Storage Curiosity, and Vibrant Communities

Ambassadors from the Filecoin Orbit Community Program and the Filecoin Foundation recently hosted events across six cities: Barcelona, Madrid, Warsaw, Lisbon, Katowice, and Munich. Each stop included engagement with local Web3 communities and hubs, insightful talks showcasing the depth and diversity of the Filecoin ecosystem, and participation by attendees already engaged in Filecoin land as well as those taking their first steps. One highlight? Katowice, Poland was the best-attended Filecoin Orbit event on record! Read more about the tour and how to get involved with the Orbit program.

DSA Releases New Reference Architecture for Filecoin

The Decentralized Storage Alliance (DSA) has released a new storage reference architecture for the Filecoin network. This architecture utilizes Seagate’s Exos CORVAULT technology and OpenZFS to deliver significant benefits for storage providers. Key improvements include: reduced compute infrastructure requirements, improved economic viability for onboarding commercial-grade storage loads, increased network resiliency and more. Learn more about this release by reading the DSA’s blog post.

🛠️ Tools 🛠️

Introducing NFT.Storage On-Chain Endowment

NFT.Storage proudly presents its new flagship product for long-term NFT preservation: the NFT.Storage On-Chain Endowment. This innovative solution takes decentralization to the next level, ensuring the enduring preservation of NFT data. Built on the robust Filecoin EVM, the endowment is designed to provide unparalleled security and longevity for digital assets. Discover how this cutting-edge product safeguards your NFTs for the future.

🎉 Events 🎉

Filecoin Ecosystem Roundup: June 2024 Highlights

Explore the June 2024 Filecoin Ecosystem Roundup to stay informed about the latest breakthroughs and innovations within the Filecoin community. Hosted by Emily Vaughan, this insightful session features a state of the ecosystem presentation by the Filecoin Foundation, updates from various ecosystem projects, a glimpse into forthcoming events, and much more. Don’t miss out on this comprehensive overview—watch the full recording.