$50.64
1H
-1.73%$0.8915
24H
1.57%$0.7828
7D
7.00%$3.31
30D
-16.4%$9.91
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.” The project raised $205 million in an initial coin offering (ICO) in 2017, and initially planned a launch date for mid-2019. However, the launch date for the Filecoin mainnet was pushed back until block 148,888, which is expected in mid-October 2020.
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
The president of Victory Shares and Solutions Mannik Dhillon stated that cryptocurrencies are a viable asset class and can form part of a diversified asset portfolio.
Rothschild has been acquiring shares in the Grayscale BTC trust since 2017.
As the interest in digital assets spikes, Grayscale’s total AUM is becoming one of the fastest-growing trusts in the in industry.
By combining its core network technology with Filecoin IPFS (InterPlanetary File System), VideoCoin aims to build a next-generation video NFT trading platform.
Since the announcement, there has been a mixed price reaction. While some like Filecoin, Bancor, and Yearn Finance have gained by as much as 10%. Others like Cardano have barely moved, recording a marginal move of less than 1%.