Tokenized FIL Tokens Launch For DeFi Use While Filecoin Tops 1B GB Storage

Evra explained that these new wFIL tokens will allow for an array of opportunities for both storage users and miners of Filecoin, allowing for very innovative DeFi products. Filecoin itself stands as a trustless, decentralized storage network, offering incentives to miners that provide storage capacity to the network at large.

It’s expected that the network will eventually attract websites and developers, paying in FIL in exchange for accessing the storage or hosted data Filecoin can provide. The Discover feature of Filecoin allows miners to select various datasets.

Timeline of Filecoin