Filecoin aims to create a decentralized future for the web. Funded by a $ 257 million coin offering completed in September 2017, The Web 3.0 data storage project has since expanded its technology.
For now, the main part of the world's information is managed by several firms, such as Google, Amazon, and Microsoft. This is true even for blockchain. Filecoin promises to enable people all over the world to rent out hard drive space and earn tokens instead. The CEO of Protocol Labs Juan Benet said that never before people had the ability to access a fully Web3.0-native large-scale application, which allows doing things like video streaming or entire social networks. Those kinds of applications are now possible in a Web 3.0 environment.
On November 19, 2020 there will be held a special webinar, with the Filecoin team about the project’s launch, its plans, and what the future might hold for the decentralized file-sharing network.link.