Filecoin (FIL) is set to roll out its latest network upgrade, NV23, codenamed ‘Waffle,’ on August 6, 2024. This upgrade aims to enhance the network’s performance and broaden its integration with the broader blockchain ecosystem, according to Filecoin.

Key Features of NV23

The NV23 upgrade introduces several significant Filecoin Improvement Proposals (FIPs):

1. Soft Launch of Fast Finality (F3) – FIP-00086: This proposal enables passive F3 testing on the mainnet, setting the stage for fast finality in future upgrades, with a potential full rollout in NV24.
2. Support for Legacy Ethereum Transactions – FIP-0091: Adds support for Homestead and EIP-155 Ethereum transactions, enhancing compatibility with Ethereum tools and wallets, easing onboarding for Ethereum users, and improving interoperability with the Ethereum ecosystem.
3. Non-Interactive Proof of Replication (NI-PoRep) – FIP-0092: Introduces a significant change to the sector sealing process by separating sealing from storage tasks, allowing independent execution. This enables early sealing in regions with lower energy costs and gives storage providers control over scheduling their sectors for window post deadlines.

Impact on the Filecoin Network

The NV23 upgrade is poised to bring several benefits to the Filecoin network:

• Enhanced Performance: NI-PoRep makes adding storage easier and more cost-effective, potentially accelerating network growth.
• Broader Ecosystem Integration: Support for legacy Ethereum transactions opens new cross-chain application possibilities.
• Faster, More Efficient Network: The soft launch of F3 marks the first step toward significantly reducing transaction confirmation times.

As the launch date for NV23 approaches, the Filecoin community can look forward to improved capabilities, efficiency, and integration with the broader blockchain ecosystem.

Collaboration Announcements

Filecoin has also announced several key collaborations aimed at transforming AI data storage and advancing decentralized AI technology:

Filecoin and SingularityNET Collaborate to Transform AI Data Storage

Filecoin is collaborating with SingularityNET to revolutionize AI data storage by ensuring secure and verifiable model training. This partnership aims to promote ethical AI practices and reinforce Filecoin’s role as a foundational pillar for decentralized AI infrastructure. More details can be found in this CoinTelegraph feature.

Leading AI Projects Choose Filecoin as DePIN Backbone

At FIL Brussels, alongside EthCC, the Filecoin Foundation announced strategic collaborations with leading AI organizations including SingularityNET, Theoriq, Bagel, and Nuklai. These collaborations underscore Filecoin’s pivotal role as the decentralized infrastructure (DePIN) backbone for AI advancements. Read more on the FF blog.

Nuklai and Filecoin Foundation Join Forces to Archive Global Data

Nuklai and the Filecoin Foundation are collaborating to archive the world’s data, leveraging Filecoin’s decentralized storage network to create a robust and secure solution for long-term data preservation. More details are available on the Nuklai blog.

DeStor Launches Decentralized Storage Marketplace

DeStor has announced the launch of DeStor.com, a decentralized storage marketplace offering secure, scalable, and cost-effective data management solutions for enterprises. The partnership with Intuizi, a leader in geospatial computing, demonstrates how DeStor is accelerating the adoption of decentralized technologies for enterprise buyers. Read the full announcement.

FILLiquid’s Mainnet is Live

FILLiquid has launched its innovative service for FIL token holders, providing the benefits of earning rewards without sacrificing liquidity. Users can earn returns on their FIL tokens while still having the flexibility to use them in other DeFi activities. Stay updated on the latest developments by visiting their Twitter.

European Orbit Community Meetups

Ambassadors from the Filecoin Orbit Community Program and the Filecoin Foundation recently hosted events across six cities: Barcelona, Madrid, Warsaw, Lisbon, Katowice, and Munich. These events included engagement with local Web3 communities, insightful talks showcasing the depth of the Filecoin ecosystem, and participation by both new and experienced community members. Read more about the tour on the FF blog.

DSA Releases New Reference Architecture for Filecoin

The Decentralized Storage Alliance (DSA) has released a new storage reference architecture for the Filecoin network, utilizing Seagate’s Exos CORVAULT technology and OpenZFS. This architecture aims to reduce compute infrastructure requirements, improve economic viability for onboarding commercial-grade storage loads, and increase network resiliency. Learn more on the DSA’s blog post.

Introducing NFT.Storage On-Chain Endowment

NFT.Storage has launched its new flagship product for long-term NFT preservation: the NFT.Storage On-Chain Endowment. Built on the robust Filecoin EVM, this solution ensures the enduring preservation of NFT data. Discover more about this innovative product on their Twitter.

Events

Filecoin Ecosystem Roundup: June 2024 Highlights

Explore the June 2024 Filecoin Ecosystem Roundup to stay informed about the latest breakthroughs and innovations within the Filecoin community. Hosted by Emily Vaughan, this session features updates from various ecosystem projects and a glimpse into forthcoming events. Watch the full recording.

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