🚀 Filecoin Sees Growth In Storage Transactions And Utilization In Q3 2024
#Filecoin #StorageTransactions #UtilizationGrowth #DecentralizedInfrastructure #Blockchain #DeFi #FVM #DataSolutions #ArtificialIntelligence #WebServices #FIL
According to PANews, a recent report by Messari highlights significant developments in Filecoin's performance during the third quarter of 2024. The report indicates a 16% quarter-over-quarter increase in new storage transactions, with storage utilization rising from 26% in the second quarter to nearly 30% by the end of the third quarter. However, storage capacity saw an 18% decline over the same period. By the end of the third quarter, over 2,000 users were storing datasets on Filecoin, with 518 users storing large datasets exceeding 1,000 TiB.
Additionally, more than 4,500 independent contracts have been deployed on the Filecoin Virtual Machine (FVM), with DeFi net deposits in FVM surpassing 20 million FIL (approximately $84 million). These deposits are primarily used for collateral, liquidity staking, and decentralized exchanges (DEX). Filecoin is gradually evolving into a decentralized physical infrastructure network (DePIN), offering a decentralized storage market for enterprises and supporting computing and artificial intelligence applications. The third quarter also saw the release of the Filecoin Web Services (FWS) framework, which provides a verifiable service marketplace and expands data solutions through partnerships with AI sector collaborators.#Filecoin #StorageTransactions #UtilizationGrowth #DecentralizedInfrastructure #Blockchain #DeFi #FVM #DataSolutions #ArtificialIntelligence #WebServices #FIL
🚀 EnsoFi and OpenLedger Join Irys Ecosystem for Enhanced Blockchain Data Access
#EnsoFi #OpenLedger #Irys #Blockchain #DeFi #DataAccess #AI #OnChain #DataSolutions #Automation
According to BlockBeats, DeFi Hub protocol EnsoFi and AI blockchain project OpenLedger have integrated into the Irys ecosystem, a developer of on-chain data solutions.
With OpenLedger's launch on the mainnet, they will gain access to Irys's dedicated datasets, which are permanently stored on a high-performance data chain. This access aims to facilitate the development of robust and professional AI models. OpenLedger seeks to achieve large-scale, deep, and verifiable on-chain data at minimal cost.
EnsoFi's EDAS decision-making, training, and analysis data will be securely and verifiably stored on Irys. All outputs from the agents will be transparently available on-chain. As the collaboration progresses, EDAS agents will be able to leverage Irys's programmable data to discover, collaborate, and continuously optimize their strategies, unlocking more complex automation opportunities.#EnsoFi #OpenLedger #Irys #Blockchain #DeFi #DataAccess #AI #OnChain #DataSolutions #Automation
🚀 Nvidia and Yotta Data Sign $1 Billion Partnership Agreement
#Nvidia #YottaData #Partnership #BillionDollarDeal #Technology #DataSolutions #DigitalInfrastructure #StrategicAlliances #Investment
Nvidia has entered into a significant partnership with India's Yotta Data, according to Jin10. The collaboration, valued at over $1 billion, spans four years and aims to enhance technological capabilities and data solutions. This agreement marks a substantial investment in the data and technology sector, highlighting the growing importance of strategic alliances in advancing digital infrastructure.#Nvidia #YottaData #Partnership #BillionDollarDeal #Technology #DataSolutions #DigitalInfrastructure #StrategicAlliances #Investment