✅ Digital Human Rights
✅ Economies and Governance Systems
✅ Responsible Technologies
These are the 3 core areas that @protocollabs is focused on in our mission to architect a new foundation for the internet.
Learn more. ⬇️ https://t.co/yyisKaxQDb
Exactly a year ago to this minute, at 2023-03-14 15:14:00 UTC the Filecoin Virtual Machine (#FVM) was launched.
As of March 2024, 800+ FVM projects from startups, hackathons, and builders on Filecoin created about 680,000 wallets and deployed 3,100+ unique contracts.
🌐 @filecoin is now available on @BVMnetwork as a storage layer via @LighthouseWeb3!
This is a massive upgrade for the #Bitcoin L2s powered by BVM & Filecoin with heightened security and scalability 🔥
By leveraging Filecoin’s decentralized storage capabilities, BVM has the unique ability to store transaction archives after they fall out of a DA layer, making indexing easier for Bitcoin builders via the Lighthouse Node Aggregators 🤝
Build your Bitcoin L2 now with BVM and Filecoin:
https://t.co/FkfAXCd4qJ
$FIL is undervalued right now based on its fundamentals, and onchain growth.
Here we present our Investment thesis on $FIL 👇👇
Many of us perceive $FIL as a highly inflated token with an almost 22% annual supply emission rate as of now. However, we often overlook the fact that $FIL also incorporates burning and locking mechanisms.
In addition, Miner rewards are typically vested for 180 days, and 55% of the supply has been allocated to Storage providers, constituting the supply side for $FIL. Their block rewards are expected to decrease over time as capacity grows on Filecoin.
On the data storage side, as the number of active deals increases, the demand for the Filecoin data network also grows. More supply of FIL will be locked by storage providers because they need to put up FIL as collateral to serve deals. The higher the collateral, the better the deal they receive, resulting in more revenue for FIL miners.
On the other side, we often ignore the fact that FILECOIN is not solely about data storage. They launched FEVM last year, enabling Ethereum developers to deploy smart contracts directly on the Filecoin network.
They are building a robust ecosystem of dapps around it. Some major players like Uniswap and Sushiswap have also deployed on Filecoin.
They burn the base fees from transactions happening on Filecoin, which could potentially create demand-driven deflation, aiding FIL in reducing the supply emission over time. Additionally, with Liquid staking growing quite well, we anticipate most of the supply getting staked, leaving a relatively small supply available on exchanges. This creates the perfect dynamics for the token, especially when in a bull market.
Disclaimer: We're not providing any financial advice here. Please use this information for educational purposes only.
We've broken down tokenomics and on-chain data in the infographics below 👇