An open market where compute power can be contracted to run over data.
This is a growing topic of interest given the immense amount of compute resources needed for AI models. Filecoin's vision includes different subnets emerging specializing in different kinds of compute jobs.
A bet on decentralized physical infrastructure networks
Filecoin is a bet on decentralized physical infrastructure networks being a more effective way to coordinate the provision of cloud services in a growing data economy.
Crypto-economic incentives showing success
The crypto-economic incentives of Filecoin have successfully coordinated globally-distributed parties to bootstrap hardware to the network, resulting in rapid growth of storage capacity (exbibyte scale) at a lower cost.
Huge market opportunity
The market opportunity is massive, as the global cloud services industry is projected to grow to 1 trillion USD by 2028. Macro trends of big data and artificial intelligence further support Filecoin’s potential.
Tokenomics designed for long-term alignment
Filecoin’s tokenomics are designed to reward long-term participation and contribution to the network. Further improvements to the protocol may lead to increasingly valuable use cases for the network and the token.
The FIL Token
FIL is the native utility token
FIL is the native utility token of the Filecoin network. It is used to facilitate Filecoin’s on-chain economy by playing a number of functions: paying for on-chain messages, as collateral, and burned to regulate blockspace.
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