About
The Filecoin network achieves staggering economies of scale by allowing anyone worldwide to participate as storage providers. It also makes storage resemble a commodity or utility by decoupling hard-drive space from additional services. On this robust global market the price of storage will be driven by supply and demand, not corporate pricing departments, and miners will compete on factors like reputation for reliability as well as price.
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History
Bermuda Government to Store Data on Filecoin, Citing Compliance, Latency, and AI Benefits
ICO Round
$205.00M
$205.00M · GenBlock Capital, USV, BlueYard Capital
Filecoin Network Version 21 (Watermelon) Upgrade
Filecoin Network Version 20 (Thunder) Upgrade
Filecoin Network Version 19 (Lightning) Upgrade
Filecoin Network Version 18 (Hygge) Upgrade
Filecoin Virtual Machine (FVM) Launch
Seed Round
$52.00M
$52.00M
Filecoin Network Version 16 (Skyr) Upgrade
Filecoin Foundation and Lockheed Martin Partnership
Filecoin Network Version 15 (OhSnap) Upgrade
Filecoin Network Version 14 (OhSnap) Upgrade
Recent News
FINANCE FEEDS: Filecoin Rallies Over 7% to $1.055 as DePIN Tokens Defy Broader Market Slump
Two tech giants capture 34% of the spatial computing market. If the 3D maps and digital twins powering the spatial internet live on centralized servers, the open web becomes a walled garden. Filecoin offers exabyte-scale storage across independent global providers. Use it. https://t.co/YrZCDwyE3
2,300 gigawatts of generation capacity is stuck in US interconnection queues. New connections in Northern Virginia take up to seven years. Filecoin providers bypass the queue, deploying wherever power is cheap, verified by cryptographic proofs. https://t.co/3VQ1jwaMCj
One petabyte of spatial assets costs $23,000 per month on standard cloud tiers. High-density 3D mapping generates terabytes per square mile. Filecoin is built for this workload. Storage across independent providers, zero retrieval penalty, cryptographic proof of integrity. https://t.co/dVgOMb3p5
Bermuda Government to Store Data on Filecoin, Citing Compliance, Latency, and AI Benefits
Transformer prices are up 80% over five years. Lead times stretch to 210 weeks for specialized equipment. The bottleneck is physics and supply chain. Filecoin network bypasses both. Providers deploy wherever electrons are cheap, not wherever the grid queue is shortest. https://t.co/4NbfofJ4B7
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