Filecoin (FIL) Introduces Key Updates and Integrations in 2024

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Filecoin (FIL) Introduces Key Updates and Integrations in 2024
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Filecoin (FIL), the decentralized storage network, has announced a series of significant updates and integrations aimed at strengthening its ecosystem, according to Filecoin. The latest edition of Filecoin News highlights major advancements, including the integration with Squid Router, results from the FIL-RetroPGF-1 initiative, and upcoming events.

Filecoin Integrates Squid Router

Filecoin has officially integrated with Squid Router via the Axelar Network, enabling seamless swaps to and from Filecoin. This integration promises faster load times and unlimited access across multiple chains, enhancing the functionality and efficiency of Filecoin’s storage services.

FIL-RetroPGF-1 Results Announced

The FIL-RetroPGF-1 initiative, supported by Titannet DAO, Web3mine, FilFoundation, and Protocol Labs, has concluded with Glif Nodes RPC API service by Protofire taking the top spot. Other notable winners include Lotus Dependencies and Drand’s verifiable randomness. This initiative highlights the contributions of various projects to the Filecoin ecosystem, fostering innovation and development.

Filecoin’s Strategic Roadmap for 2024

According to Filecoin TL;DR, the network is poised for a transformative year in 2024, focusing on accelerating conversions to paid deals, growing on-chain activity, and making Filecoin indispensable to other networks. By enhancing its storage services and driving the adoption of new markets like compute and AI, Filecoin aims to solidify its position as a leader in decentralized technology.

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Call for Allocators from Fil+

The Fil+ governance team is seeking innovative teams to join as allocators. These teams will develop systems for the transparent and fair distribution of DataCap. Interested parties are encouraged to join the #fil-plus Slack channel for updates and detailed information on the application process.

Introducing Basin: The First Data L2 Built on Filecoin

Basin, the pioneering Layer 2 solution built on the Filecoin network, aims to enhance decentralized data storage and management. By leveraging Filecoin’s robust infrastructure, Basin enables scalable, efficient, and cost-effective data operations. This solution offers advanced features for developers and enterprises, improving performance, lower costs, and enhanced security for data-driven projects.

Upcoming Events

Filecoin will be actively participating in several key events in 2024:


Consensus 2024: From May 29-31 in Austin, attendees can visit the Filecoin Booth (1254) and attend key talks on decentralized AI, compute, and DePIN.
FIL Dev Summit Brussels: Scheduled for July 9-11, 2024, this summit will gather developers and innovators to explore the future of decentralized storage technology.
FilOz Protocol Day – Data Onramp: The latest meeting focused on on-chain data onramps and addressed technical challenges and solutions for future system development.

These events provide opportunities for community engagement, technical skill enhancement, and collaborative problem-solving.

Filecoin continues to make significant strides in the decentralized storage space, with a clear focus on innovation, integration, and community engagement. These updates and initiatives are set to enhance the network’s functionality and solidify its position in the blockchain ecosystem.

Image source: Shutterstock

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