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Anchorage and Tokensoft have launched wFIL, a wrapping protocol allowing Filecoin to be used on Ethereum.
Cryptocurrency infrastructure providers Anchorage and Tokensoft are teaming up to wrap FIL, the native token of decentralized file storage network FIlecoin, for use on Ethereum.
The firms announced wFIL on Monday, promoting its use in decentralized finance applications including Compound, Maker and Uniswap. Filecoin ecosystem lead Colin Evra stated:
âWrapped Filecoin will enable some really creative DeFi products that create huge opportunities for Filecoin miners and storage users.â
The news came the same day that Filecoin announced the storage capacity dedicated by its global mining community has exceeded one exbibyte â equal to more than one billion gigabytes.
According to an announcement, Filecoinâs capacity could store 4,500 Wikipedias, 290 million movies at 1080p quality, and 19 copies of the entire Internet Archive.
Filecoin is a trustless decentralized storage network that offers incentives to miners who provide storage capacity in the network. The network expects to attract developers and websites who will pay FIL in exchange for accessing Filecoinâs storage or for hosted data.
Filecoinâs Discover feature allows its miners to select datasets spanning literature, science, art and history to mobilize unused storage capabilities to host and make accessible to the public. The datasets include Berkeleyâs Self-Driving Data, a copy of Wikipediaâs database, and The International Genome Sample Resourceâs 1000 Genomes Project.
The team describes the milestone as âsolidifying FIlecoinâs position as a legitimate challenger to cloud-storage giants such as AWS [Amazon Web Services], Google Cloud, and Dropbox.â Colin Evra stated:
âOur aim was to build a Library of Alexandria for humanityâs most precious knowledge â one that could never be burned. [...] Filecoinâs mission to create a decentralized, efficient, and robust foundation for humanityâs information is now a reality.â
On Tuesday, Filecoin also announced it had partnered with top crypto exchange Huobi to launch the Huobi-Filecoin Incubation Center. The center, which will be supported by a $10 million fund, will focus on blockchain incubation, investment and community development.
Filecoin currently comprises more than 670 active miners and boasts more than 90 organizations building on its network.
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