Work Here?
Filecoin Foundation
Work Here?
Supports decentralized storage network development
Filecoin Foundation
Work Here?
Supports decentralized storage network development
About Filecoin Foundation
Industries
Data & Analytics
Crypto & Web3
Company Size
51-200
Company Stage
N/A
Total Funding
$7M
Headquarters
San Francisco, California
Founded
2017
Overview
The Filecoin Foundation focuses on developing the Filecoin ecosystem, which is a decentralized storage network aimed at preserving important information for humanity. It supports various stakeholders, including developers and enthusiasts, by providing funding, resources, and opportunities for community engagement. The foundation promotes the use of the Filecoin network through initiatives like Filecoin Plus, which rewards participants for storing valuable data. Unlike many competitors, the Filecoin Foundation emphasizes community involvement and incentivizes contributions to the network, generating revenue through increased participation and demand for decentralized storage solutions. The ultimate goal is to decentralize information control and enhance accessibility for everyone.
Simplify's Take
What believers are saying
- Partnerships with AI platforms like SingularityNET expand Filecoin's technological influence.
- Collaboration with Aethir positions Filecoin in the AI and Web3 infrastructure market.
- Successful IPFS space demonstration opens new avenues for decentralized technology applications.
What critics are saying
- SEC's classification of FIL as a security may lead to regulatory challenges.
- FIL token's price struggles could impact investor confidence and financial stability.
- Technical challenges in space communication projects may delay or complicate success.
What makes Filecoin Foundation unique
- Filecoin Foundation focuses on decentralized storage, setting it apart in the blockchain space.
- The foundation's collaboration with AI platforms enhances its role in decentralized AI infrastructure.
- Filecoin's use of IPFS for space communication showcases its innovative approach to data transmission.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$7M
Above
Industry Average
Funded Over
0 Rounds
Company News
Digital lender FV Bank is expanding its stablecoin capabilities via a partnership with PayPal. The bank announced Thursday (Jan. 9) that it was integrating PayPal’s stablecoin PayPal USD (PYUSD) for direct deposits and outbound payments. This feature, which is now live for account holders, allows for the direct receipt of PYUSD into customers’ USD accounts, with automatic real-time conversion to USD. USD is the stablecoin from cryptocurrency exchange Circle, which launched a partnership with FV Bank in 2022
The 119th U.S. Congressional session has begun, and the digital asset sector is hoping there will soon be favorable and clear regulatory guardrails for cryptocurrency markets and stablecoins. During his campaign, President-elect Donald Trump pledged to transform the United States into the “crypto capital of the planet,” and, per the nonprofit industry group Stand With Crypto, the 2024 elections saw 250 “pro-crypto” members of Congress elected along with 16 “pro-crypto” senators. While the stage appears to be set for a sea of regulatory change, with crypto proponents set to head the Securities and Exchange Commission, Department of Commerce and more, one fundamental gap remains: actual policy being drafted, sponsored and referred to the relevant House or Senate committee
In a world where decentralized technologies enable new avenues for preserving cultural heritage and identity, Filecoin Foundation for the Decentralized Web (FFDW) is proud to announce a collaboration with Rohingya Project.
Meanwhile, Filecoin partnered with Aethir to offer decentralized infrastructure solutions for businesses in AI, machine learning, and Web3.
Network announcements include collaborations with SingularityNET, Theoriq, Bagel, and NuklaiBRUSSELS, July 10, 2024 /PRNewswire/ -- Filecoin Foundation today announced collaborations with prominent AI organizations including SingularityNET, Theoriq, Bagel, and Nuklai. These collaborations, highlighted on stage at FIL Brussels alongside EthCC, underscore the Filecoin network's pivotal role as the DePIN (Decentralized Physical Infrastructure Network) backbone for advancements in AI.The AI industry is facing a critical juncture as more organizations shift toward closed and opaque training models, raising concerns about power concentration, creating information silos and centralized control that expose data to vulnerabilities. The lack of transparency in these systems obscures crucial aspects of AI development, including details on data sources and training methodologies.The Filecoin network offers an alternative to centralized models by enabling decentralization and transparency, addressing the pressing need for open AI systems and promoting the resilience of digital infrastructure.The latest announcements from the ecosystem highlight the diverse applications of Filecoin for AI. From decentralized storage integrations to open humanities datasets to make Filecoin data more accessible and usable, and comprehensive solutions for storing and processing machine learning (ML) workloads, Filecoin has emerged as the DePIN primitive for the AI wave.Secure Data Provenance and Verifiable Model TrainingSingularityNET , a leading AI platform developer, and Filecoin Foundation are collaborating to store SingularityNET metadata on the Filecoin network via Lighthouse, a data onboarding solution. This collaboration will also integrate the Filecoin tech stack to support archival data needs, enhancing the robustness and security of decentralized data storage. Additionally, the two groups are exploring the formation of an AI Ethics Working Group to encourage responsible sourcing and handling of data in a decentralized AI context
There are no jobs for Filecoin Foundation right now.
Find jobs on Simplify and start your career today
About Filecoin Foundation
Industries
Data & Analytics
Crypto & Web3
Company Size
51-200
Company Stage
N/A
Total Funding
$7M
Headquarters
San Francisco, California
Founded
2017
There are no jobs for Filecoin Foundation right now.
Find jobs on Simplify and start your career today