How Is Filecoin Accelerating the Pace of Web3 Development
In today’s world, almost nobody could live without the internet, and the internet is reaching a turning point, gradually transforming itself from Web2 to Web3. As the storage network of Web3, Filecoin is trying its best to accelerate the pace of Web3 development.
Filecoin network launched on Oct 15, 2020, and its storage capacity has already reached 10EiB. Filecoin can be seen as a two-sided market, where on one side there are clients, such as individual users, companies that have a lot of data, and applications, on the other side there are storage providers that add the storage facilities to the network.
Protocol Labs, the company behind Filecoin, wants to help lots of different groups get started in moving Web2 applications into Web3 or start building new Web3 applications. Here are some things they’ve done to achieve this goal summarized by LBank Mining.
Collaboration with NEAR
NEAR is a decentralized application platform built to bridge the users of today’s Internet to the blockchain-based web of the future. In July 2021, Textile launched the Filecoin-NEAR bridge in order to create a seamless way for NEAR applications, smart contracts, or NFTs to integrate Filecoin-based storage of any form of data.
For encouraging developers to use the bridge, Filecoin and NEAR make It free to store via Filecoin-Near bridge. In addition, Filecoin and NEAR also launched a $300,000 joint grants program designed to support developers interested in exploring new opportunities at the intersection of these two protocols. This collaboration will certainly accelerate the growth of the Web3 stack.
Filecoin x Mask Network
The Mask Network is a leading protocol connecting Web2 platforms with Web3 principles. The Mask browser extension allows anyone to interact with others on traditional platforms like Facebook and Twitter, but do so through and with Web3 principles and solutions.
Filecoin and Mask Network announced their collaboration on Aug 17, 2021, to bridge the gap between Web2 and Web3 by bringing decentralized storage solutions to Mask users, this allows Mask users to leverage the logic and opportunity of decentralized storage without having to migrate to a new platform or product suite. By integrating with today’s familiar social media products, Mask and Filecoin have greater access to the content creation and data streams of Web2. The collaboration bridges the gap between Web2 and Web3, and provides an accelerated path towards the Filecoin’s vision of storing and securing humanity’s most important digital information.
Announcing Filecoin-Polygon Bridge
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. It combines the best of Ethereum and sovereign blockchains into a full-fledged multi-chain system, and solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing on security.
Textile created a Filecoin-Polygon bridge that enables a simple, permissionless storage endpoint for developers and their Polygon application users. To further encourage developers to try out and build on the bridge, free storage costs are offered for any projects using the Textile bridge. Both projects have also lined up two upcoming joint hackathons where developers can try their hands at the bridge and try building new applications. Interoperability will enable a whole host of new Web3 applications, by allowing developers to combine capabilities from different blockchains to meet their particular needs.
With all these collaborations, LBank Mining believes that Filecoin will accelerate the pace of Web3 development greatly, and the Internet may transform from Web2 to Web3 sooner than we think.
#ad LBank Mining’s new Filecoin mining project is coming soon, please keep an eye on our new information if you are interested in Filecoin mining.
Contact us
Email：jody.zhao@lbank.info
Website: https://lbank.info
Telegram: https://t.me/LBank_en
Twitter: https://twitter.com/LBank_Exchange
Facebook: https://www.facebook.com/LBank.info
