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The blockchain company ConsenSys has formalized a collaboration with the open source software laboratory Protocol Labs to integrate the Filecoin market for data storage with the ConsenSys Ethereum product stack.
According to the announcement, miners, developers and users of the Filecoin network will be able to access ConsenSys development tools such as Infura, MetaMask and others to integrate with Ethereum’s decentralized financial ecosystem.
Last Thursday, at block 148,888, the Filecoin network launched its public mainnet, with a capacity of over 600 petabytes of data, as well as 600 active data miners and 230 projects interacting with the storage protocol.
In light of these figures, James Beck, chief of global public relations at ConsenSys, told Cointelegraph that Ethereum DApps and projects can become “more completely decentralized by storing relevant data on Filecoin rather than relying on a centralized cloud service.”
Beck commented why this integration is key to Filecoin:
“Applications on Ethereum require a decentralized data storage solution, which is why integrations with Infura and MetaMask are critical to allow developers to integrate Filecoin / IPFS with Ethereum easily. […] ConsenSys Codefi, which provides tokenization, trading and compliance products for the DeFi industry, has added support for Filecoin and will use its Activate platform to catalyze the launch of the Filecoin network. “
Through Infura, Codefi, MetaMask and other ConsenSys projects, Joseph Lubin, founder and CEO of ConsenSys, said developers will “easily integrate IPFS and Filecoin capabilities” into their apps and “interact seamlessly with Ethereum-based and other apps. at every level of the stack, from the protocol level to the financial level with DeFi. “
On Wednesday, Codefi Activate also launched Filecoin Storage, a dashboard for the file storage system available via a web app and API. According to Filecoin, the goal is to make the discovery of storage prices on the Filecoin network “simple and transparent”. A Filecoin representative also shared some of his short-term plans with Cointelegraph:
“We also have ongoing collaborative work between ConsenSys R&D and Mesh R&D, creating a secondary recovery market, where users can reliably retrieve stored data using Filecoin. The secondary recovery market will expand participation in the Filecoin ecosystem by allowing a range of devices to recover files, including web browsers and phones. “
