Filecoin Becomes Compatible with Ethereum Applications - Coinleaks
Current Date:November 7, 2024

Filecoin Becomes Compatible with Ethereum Applications

Decentralized storage platform Filecoin,enabling it to support smart contracts Filecoin Virtual Machineni ( FVM) started.

Platform, Filecoin Virtual Machine It aims to encourage the creation of more tools on the network. With this development Filecoinwill become its own thriving ecosystem that offers easier token trading, supports the creation of decentralized social media.

Lukkas Bresser Highlights the Benefits of FVM

Protocol Labsresponsible for ecosystem growth Lukkas Bresserused the following statements on the subject: FVMincreases the utility of Filecoin and Filecoin It positions it as a layer-1 blockchain to power the open data economy of . In the continuation of his speech, Bresser said that this step is a critical move to transform cloud services into open markets.

Filecoin Virtual Machine, Filecoininto your network Ethereum It will bring the same capabilities as It will also be able to support bridges to other blockchains and be closer to the rest of the crypto ecosystem. Bresser, SushiSwap, AxelarAnd CelerHe stated that it is integrated with Filecoin.

Mentioning what users can do on the network, Bresser said, Filecoin He also said that with applications, money can be made from data sets. Bresser stated that multiple parties can create training data on an artificial intelligence model and upload it to Filecoin.

NFTBresser, who also did not forget to mention: “ FVMnot only confirms ownership, but also verifiable shows that the file has been preserved for hundreds of years. NFTI believe it has the potential to allow the creation of

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