How F3 is Reshaping the Future of Onchain Storage

Fast Finality in Filecoin (F3) represents one of the biggest storage-retrieval lifecycle improvements in the network’s history, speeding up finality on the network by 450X and making the future of Filecoin fast, secure, and accessible to a wider range of applications than ever.

Eighty percent of the network’s power participated in the latest passive F3 testing round on mainnet, conducted as part of the NV24 upgrade. For F3 to reach its full potential and speed, the network needs every storage provider (SP) on board to maximize its benefits for scalability, efficiency, and interoperability. Here are three opportunities that participating in F3 unlocks:

Cross-chain Storage Deals

Filecoin's role as a standalone L1 blockchain is expanding through cross-chain deals. F3 speeds up how users can enable new onchain storage contracts from other networks to Filecoin. The reduced confirmation periods for storage service events improve interoperability, making it easier to purchase Filecoin storage using other currencies.

With F3, bridges settle faster, simplifying the user experience of Filecoin's cross-chain integrations to deliver affordable, efficient decentralized storage to other blockchain ecosystems.

Improved Builder Experience 

For developers, F3 offers support for legacy Ethereum transactions, allowing builders to bring more popular Ethereum contracts to Filecoin by simply redeploying older Ethereum contracts to the network. This support extends to anyone who wants to use popular Ethereum wallets, like Coinbase Wallet, to interact with Filecoin, meaning more accessibility and an improved user experience for those already familiar with Ethereum tools.

A Wider Range of Applications 

A better builder experience using Filecoin in conjunction with other networks like Ethereum is critical for the growth of the Filecoin L2 ecosystem, as a higher number of applications generates more opportunities to drive onchain activity, and more onchain activity benefits the entire network. By ensuring transactions remain on the network, Filecoin experiences stronger economic loops and strengthens its overall economic model. 

What’s Next

Alongside other upcoming network developments, F3 represents a critical step in bolstering the network's storage capabilities and establishing Filecoin as a leading platform in the decentralized web and a broader distribution layer for decentralized services. Learn more about the development and timeline of F3 in FilOz's series: The F3 Journey.

Network News

Ungate integrates Filecoin to enhance security, scalability, and reliability. Ungate Wukong – the Autonomous Verification Stack (AVS) for AI agents – is changing how autonomous agents operate through cryptographically verifiable and transparent actions. Ungate has integrated Filecoin via Lighthouse, a platform built with Filecoin offering perpetual storage, to archive AI-generated proofs with decentralized storage. 

RIBS and CIDgravity are joining forces! CIDGravity announced the merger of the RIBS and CIDgravity projects, combining their data onboarding technologies to help make Filecoin more accessible to enterprises. 

Build with Us 

Secure your spot at the Filecoin AI Blueprints Hackathon! Build the future of AI with decentralized data infrastructure and compete to win over $70,000 in prizes. Join the Filecoin AI Blueprints Hackathon, powered by Encode Club, to tackle data provenance, ethical data sourcing, fair attribution, and efficient AI using Filecoin. Starting March 17.

FIL-B: Developer Tools, Data DAOs & More with Sarah Thiam. In this episode of DWeb Decoded, Sarah Thiam, Founder and CEO of FIL-B, dives into the latest innovations in the Filecoin ecosystem. From Data DAOs to enhanced dev tools, learn how Filecoin is empowering developers to create the future of decentralized storage.

Register for FDS-6: Toronto. Build with Filecoin developers, builders, storage providers, and ecosystem members to contribute to the exciting trajectory of the Filecoin network. 

Ecosystem Spotlight

Ungate

Ungate Wukong provides a Verifiable Agents Cloud, enabling AI agents to run autonomously and transparently on blockchain networks. AI agents operate within Trusted Execution Environments (TEEs), generating cryptographic proofs for their actions. These proofs guarantee agents’ autonomy, wallet control, and execution integrity, eliminating hidden tampering.

Network Operations

How FIDL is Enhancing Transparency and Accountability in Fil+. Filecoin Incentive Design Lab (FIDL) is a team in the Filecoin ecosystem focused on providing insights that help clients, storage providers, and allocators make informed decisions about how they engage with Fil+. Learn more about their reporting tools and dashboards designed to support Fil+ participants.

A thorough diligence audit was completed by 17 allocator organizations to ensure their onboarding of client data maintains retrieval and storage standards. The total DataCap distributed in February was 190PiB, now available to help onboard additional data onto the Filecoin network.

Organizations wishing to apply to become allocators are encouraged to review the proposal for changes to the application form. This form will be collected by new and existing allocator pathways to ensure the data onboarded is within the guidelines of compliance.