Filecoin News 98
✨ Highlights ✨
Akave, New Data Storage Chain on Filecoin, Secures $3.45 Million in Pre-Seed Funding
Akave, an emerging data storage chain on Filecoin, has secured $3.45 million in pre-seed funding from Protocol Labs, Blockchange VC, Lightshift, and Blockchain Builders Fund to revolutionize data storage for enterprises, AI companies, and DePIN builders. By moving beyond traditional cloud solutions, Akave is pioneering on-chain data lakes, providing the infrastructure needed for secure, transparent, and efficient data management at scale. With its Yucca Testnet now live for early testers, Akave invites exploration into on-chain data management, setting a new standard for decentralized data exchange that empowers organizations to control and manage large datasets directly on Filecoin. Check out the full press release to learn more about Akave.
Storacha Launches High-Performance Alpha Network, Bringing Decentralized Storage Power to Filecoin
Storacha, a cutting-edge decentralized storage solution built with Filecoin, has launched its closed alpha network, designed to meet the intense demands of gaming, AI, and DePIN. With Amazon S3-level speed and accessibility, Storacha showcases the expertise of IPFS and Filecoin veterans and is set to introduce a novel storage proof in mid-November, promising even faster data retrieval. This new network gives users unprecedented control over data access, championing Storacha’s commitment to data sovereignty and user empowerment in the decentralized storage space. Learn more in their official announcement or in this update by CoinDesk.
🌎 Community Updates 🌎
Exploring the Convergence of AI and Blockchain in the Filecoin Ecosystem
At the cutting edge of technology, decentralized AI is rapidly shifting from an idea to a cornerstone in web3. In response to mounting concerns around centralized AI—such as bias, censorship, and privacy risks—the call for a more inclusive, secure AI landscape has never been clearer. Decentralized AI, built on pillars like distributed storage, compute power, and transparent data labeling, offers solutions to these challenges, and Filecoin is leading the charge.
Filecoin is driving this evolution with four innovative projects:
- Ramo supports complex, multi-network AI jobs with coordinated capital and hardware.
- Swan Chain connects global users with idle compute power and securely stores AI data on Filecoin.
- Lilypad matches compute needs with providers in a distributed marketplace, ensuring transparency with IPFS and Filecoin.
- Bagel combines AI and cryptography to allow decentralized training and storage, maximizing revenue for Filecoin’s storage providers.
By integrating decentralized storage and computing, these projects are reshaping AI’s development, paving the way for innovation that addresses today’s challenges while setting the stage for future possibilities. Read more about Filecoin’s role in the AI ecosystem in this blog post by Filecoin TLDR.
Boost Your Filecoin Experience with FoxWallet
Exciting news for Filecoin users: FoxWallet now fully supports $FIL swaps, thanks to a new integration with SushiSwap, the versatile multi-chain DEX that lets you trade with ease! Getting started is simple:
- Add and enable the “Filecoin EVM” chain.
- Switch to the “Filecoin EVM” chain.
- Click “Swap” to begin seamless trading.
FoxWallet makes managing your $FIL effortless. Ready to experience streamlined Filecoin trading? Download FoxWallet and explore the possibilities!
SingularityNET & Filecoin: Advancing Decentralized AI Storage
SingularityNET recently announced the first phase of its Filecoin integration using Lighthouse, marking a key step in decentralized AI and storage. The integration now includes the Python SDK, Command Line Interface (CLI), and Daemon, creating a solid technical foundation. In the coming months, users can expect further enhancements with the JavaScript SDK, TUI (Text User Interface), and the much-anticipated Publisher Portal and Marketplace, paving the way for innovative capabilities within the Filecoin ecosystem. Learn more.
DeStor Launches Cost-Effective Decentralized Storage for Enterprises
DeStor is transforming enterprise data management with its latest decentralized solutions in collaboration with Ramo and Impossible Cloud. Through its partnership with Ramo, DeStor introduces Cloud Archival solutions that deliver up to 50% cost savings over centralized options, offering secure, decentralized cloud storage that integrates effortlessly with existing enterprise systems. Additionally, DeStor Cloud Backup, powered by Impossible Cloud, provides enterprises with high-volume, scalable storage for big data, backups, and archives, reducing costs by up to 80% compared to traditional cloud providers. These solutions enable businesses to integrate decentralized storage seamlessly into their infrastructure, achieving both cost efficiency and enhanced security.
🎉 Events 🎉
Just a few days left of LabWeek 2024
LabWeek is soon coming to a close, but here are your last few chances to catch the Filecoin community in Bangkok before the end of the week!
- Storacha Presents “Hot Ones and Zeros”, November 13: Join Storacha at ChimChim Bangkok for a unique evening of networking, a drag performance, and a “Hot Ones” panel with top founders discussing decentralization; plus the first 75 attendees will receive exclusive merch!
- Build & Bloom by Akave, November 14: Akave’s Decentralized Storage Workshop is for hands-on exploration of Akave’s SDK and decentralized storage solutions. You’ll learn essential skills to decentralize storage for your dApps and data, gain exclusive access to newly launched Akave’s Yucca Testnet, and provide valuable feedback to shape the future of decentralized tech.
- Fluence’s DePIN Day, November 15: Join Fluence for a series of events dedicated to exploring the forefront of Decentralized Physical Infrastructure Networks: the event is designed to address the latest trends and challenges in the DePIN industry, initiating vital conversations and fostering collaboration among founders, researchers, developers and enthusiasts.
- ETHGlobal Bangkok, November 15-17: There are over $20k worth in prizes available for Protocol Labs projects in the ETHGlobal Bangkok hackathon! This is your opportunity to learn about crypto, expand your network, meet industry professionals, and find like-minded people who are collectively creating a new kind of web. Plus join Rishikesh Kale on November 15th for a FIL Frame Workshop on “Building Onchain Data Storage Apps”.
Missed out on FIL Dev Summit Bangkok? Catch all the action!
The FIL Dev Summit in Bangkok brought together developers, builders, and passionate community members to drive the evolution of the Filecoin protocol. This wasn’t just another meetup—it was a powerful gathering of minds pushing Filecoin forward with impactful discussions and new ideas.
Catch the latest on Filecoin’s roadmap, storage advancements, chain tools, and more. See how the community is building the future of decentralized storage. Dive into the key moments and insights from the event by watching the recordings, don’t miss out on what’s shaping the future of Filecoin!
