The successful implementation of the Filecoin virtual machine may allow the next generation of applications to function beyond storage.

How will FVM develop in the remaining time of 2023?

Filecoin is about to hold the FIL Hong Kong event to meet with the long-awaited Chinese community members.

In the lack of industry hotspots in 2020, the incentive layer of the IPFS network protocol, Filecoin, which has been around for nearly three years but has seen slow technological progress, has garnered continuous attention. According to incomplete statistics, the Chinese market has sold mining machines worth 50 billion yuan over the past three years, with around 500 teams or companies involved in the sales of these machines. Now, the second phase of the Filecoin testnet public beta was launched on May 15, much to the anticipation of miners. However, popular projects are always accompanied by speculation and hype. We have seen that in this round of Filecoin public beta, not only are there unscrupulous speculators, but also relatively leading mining machine manufacturers in the industry seizing the opportunity to create marketing gimmicks, turning the Filecoin public beta into a place where various mining machine manufacturers "compete to show off."