Get Ready for the Filecoin Virtual Machine

Welcome to the Filecoin Foundation newsletter, where we cover big ideas and news about the Filecoin ecosystem and the decentralized web. Today’s edition explores how the Filecoin Virtual Machine (FVM) is unlocking the Web3 ecosystem’s full potential.

The Big File

Today, the Filecoin network offers massive amounts of reliable, decentralized storage for humanity’s most valuable data. This alone has brought significant value to both storage providers and clients since the network Mainnet launch two years ago. This is all just the tip of the iceberg.

The Filecoin Virtual Machine, a major update that is currently in development, will add computation abilities to the network's existing storage offerings, smart contracts, and virtual storage.

Some of the new and powerful use cases that the FVM will enable include Data DAOs, the Dataverse, and tokenized datasets. Ethereum Virtual Machine compatibility will unlock smarter storage networks with the ability to build perpetual and self-repairing storage deals, trustless reputation systems, and trustless aggregated storage deals. DeFi use cases, such as lending markets, decentralized exchanges, and automated market makers, are also made possible by the FVM.

You can read more about the specifics in our blog post spotlighting FVM. And check out more details on the FVM roadmap. This has been a cumulative effort involving countless partners in our Filecoin ecosystem, which now includes hundreds of projects. None of it would be possible without the work of the community.

The Event File

See what’s coming up and follow our full programming lineup here.

File it away. We’re headed to Portugal for FIL Lisbon and Web Summit 2022! Join us for a week’s worth of amazing events around town. Here’s an overview of the Filecoin community events happening on-site:

• Oct. 24 - Nov. 4: Filecoin Foundation x Fission Codes x ETH Lisbon Hacker Base, featuring coworking spaces and lightning talks for developers and the Web3 community.

• Oct. 25: FF’s Open Metaverse meetup with Mona Galleries. Bring your IRL avatar to the Filecoin Foundation Hacker Base for an interactive open metaverse experience with Mona. Register for an afternoon of interactive demos, virtual reality tours, and a happy hour.

• Oct. 30: Filecoin Network Meetup. Filecoin Foundation is bringing together teams from across the Filecoin ecosystem. Register to connect with storage providers, developers, and storage clients alike!

• Oct. 30: Filecoin Interplanetary Party, hosted by Filecoin Foundation. Close out ETH Lisbon and kick off FIL Lisbon with the entire Ethereum and Filecoin community and celebrate two years since Filecoin mainnet launch, complete with outer space-y vibes! Registration included with your FIL Lisbon ticket.

• Oct. 31 - Nov. 1: Filecoin Foundation’s FIL Lisbon Main Stage Days. This two-day main stage event will feature insightful talks from top-notch speakers and panel discussions from the world's foremost Filecoin ecosystem participants and Web3 co-builders.

• Nov. 2 - 4: Filecoin Station at Web Summit. Touch down at the Filecoin Web Summit Station to learn and network in a totally intergalactic fashion.

From the FIL-ing Cabinet

Discover news from across the Filecoin ecosystem.

We have EASIER lift-off!

Filecoin Foundation’s collaboration with the University of Maryland launched! The EASIER Data Initiative aims to facilitate data analysis and extraction by creating a streamlined process for bringing data off the Filecoin/IPFS network in an actionable and useful capacity. Integrating with existing standards, such as Cloud Optimized GeoTIFFs (COGs), this partnership represents a landmark event for using decentralized cyberinfrastructure for efficiently, accessibly, and sustainably working with geospatial data.

Check out the Storage Provider Lenders Initiative

This program supports Storage Providers by providing capital (FIL) at a fixed, highly competitive rate for a set duration of time without the risk of sudden changes or variability.

Join the next ESPA Bootcamp

The next Enterprise Storage Provider Accelerator (“ESPA”) Bootcamp, an intensive 7-month program that helps participants learn how to become successful Web3 storage providers, is here! Interested in joining Cohort 5? Applications are due Dec. 2, with the cohort start date in January 2023.

Come BUIDL With Us

Learn about the latest in Filecoin grants.

 Gummys

A Web3-powered video and streaming platform allowing users to generate income by creating, owning, and trading tokenized media content. Users retain complete control over their data and browsing history and are protected from data harvesting by third-party entities. Videos are stored on the Filecoin network using the InterPlanetary File System protocol, bringing the benefits of the decentralized web to the online video segment. 

Apply for a developer grant

The Filecoin Dev Grants program helps advance projects and aims to award additional grants to boost development in the Filecoin ecosystem. Check out other grant recipients and learn how you can apply for Open Grants and Microgrants.