Filecoin Expands with GetBlock Support and New AI Partnerships

• GetBlock now supports Filecoin, enabling easy hosting of smart contracts on the Filecoin Virtual Machine.
• Filecoin collaborates with Bagel and NVIDIA to develop privacy-preserving AI solutions, enhancing its technological offerings.

As a leading participant in the decentralized storage market, Filecoin keeps growing its ecosystem through new collaborations and integrations.

GetBlock has recently declared support for Filecoin (FIL), therefore securing its position as the biggest decentralized data storage system intended to build a reliable and effective basis for human knowledge.

This advancement improves the flexibility and usefulness of the network by enabling users to easily host smart contracts on the Filecoin Virtual Machine.

Exciting news! @GetBlockio now supports @Filecoin (#FIL) #Filecoin is the largest decentralized data storage solution designed to create an efficient and robust foundation for humanity’s information. Host smart contracts on its Filecoin Virtual Machine with ease.

No need for… pic.twitter.com/AT4OhGdPI6

— GetBlock (@getblockio) June 20, 2024

Expanding Ecosystem: Over 8,800 Founders and Developers 

The Filecoin Foundation just brought attention to the growing developer and founder community inside the Filecoin ecosystem. More than 580 projects and over 8,800 founders and developers mean that Filecoin is still leading the way in decentralized storage innovation.

8,800+ founders and devs

580+ projects

All building on the world’s largest decentralized storage network, @Filecoin

— Filecoin Foundation (@FilFoundation) June 22, 2024

Building on the biggest decentralized storage network globally, this vibrant community is advancing technology and encouraging cooperation between many industries.

Meanwhile, CoinMarketCap data show that Filecoin (FIL) is presently valued at about $4.22. This comes in a 4.94% drop in the recent day and an 18.16% bearish trend over the previous week. These swings bring to light the turbulence of the cryptocurrency market and the continuous difficulties Filecoin faces in the face of larger market developments.

Innovative Collaborations: CIDGravity and AI Solutions

Beside that, innovative partnerships made by Filecoin are changing the data storage and management scene. CNF just highlighted CIDGravity, a project that is completely changing the way businesses and independent software vendors (ISVs) integrate data into Filecoin.

This effort seeks to streamline data onboarding procedures so that businesses may more easily take advantage of Filecoin’s decentralized storage capabilities.

Furthermore, a noteworthy alliance between Bagel, Filecoin, and NVIDIA seeks to improve AI solutions while preserving anonymity. This partnership will help to further the creation of privacy-preserving AI technology and show how dedicated Filecoin is to including cutting-edge technologies into its network.