Filecoin | Crypto

The Interplanetary File System (IPFS) reduces latency for data transmissions in space. The Filecoin Foundation and Lockheed Martin Space have successfully transmitted data in space using a version of the InterPlanetary File System (IPFS) on a satellite orbiting Earth, Marta Belcher, president of the Filecoin Foundation, told Cointelegraph.  Filecoin and Lockheed Martin adapted the system for use in space and successfully tested it, Belcher said during the Consensus 2025 conference in Toronto. The IPFS enhances privacy and security compared to traditional web protocols, such as HTTP, by identifying data based on its content rather than its location. This has additional benefits for data transmission in space, Belcher said. Read more

In Q1 2025, Filecoin continued its strategic transition from emphasizing raw storage volume to prioritizing high-value, enterprise-grade users and storage providers. Although active storage deals and network utilization declined, these shifts reflected a deliberate pivot toward long-term archiving, AI-optimized datasets, and Web2/Web3 enterprise integrations. Key developments during the quarter included the near-finalization of Proof of Data Possession (PDP) for continuous data verification, ongoing Layer-2 scaling initiatives (Basin, Akave, Storacha), and preparation for the Fast Finality (F3) upgrade to improve transaction settlement speeds. Despite a 41% drop in FIL’s market cap and a 49% decline in DeFi TVL (USD), native FIL-denominated activity remained resilient, supported by new client onboarding and retrieval market growth. The ecosystem expanded through partnerships with major networks (Cardano, Solana) and AI infrastructure projects (Aethir, KiteAI, Nuklai). New community initiatives like FIL ProPGF...