This is a summary of Protocol Labs founder Juan Benet’s speech at EthCC 2021. View the full content:

/video/BV1eb4y1r7E1

< p> The Filecoin network is ecologically oriented and is consistent with Protocol Labs’ tendency to build modular solutions. Because it was originally designed to be used by others, Filecoin is at home in other stacks, applications, and ecosystems in the Web3 field. Since its launch in October 2020, Filecoin has grown to over 8 exbibytes of available storage space, with over 400 projects entering the ecosystem. Ethereum is an ecosystem that continues to prove its interoperability and shared interests.

Filecoin + Ethereum

>>>>Filecoin and Ethereum Virtual Machine (EVM)

The Filecoin ecosystem is aware of the benefits of the network supporting smart contracts. Initially, the developer community believed that the bridge service established between Ethereum and Filecoin was sufficient to support smart contracts on Filecoin. However, using smart contracts through a bridge is a cumbersome way, and it is even less functional and composable than implementing smart contracts directly on Ethereum. There is a proposal to add the Ethereum Virtual Machine (EVM) to Filecoin to enable support for smart contracts at the storage layer and provide more opportunities for the combination of the two ecosystems.

>>>>Developer tools and resources

Fleek: allows users to set up websites, store and distribute files and develop dapps for decentralized networks . Fleek accelerates the adoption of the decentralized web by making it easier for everyone, from professional developers to everyday internet users, to create apps and store files in a decentralized manner. Fleek can automate archiving on Filecoin and leverage the Ethereum ecosystem through applications like ENS (Ethereum Name Service).

/) is a comprehensive platform that integrates smart contract-based peer-to-peer fixed-rate lending, collateral management services, inter-currency trading and other types of interest rate products. Secured Finance's protocol is a decentralized peer-to-peer financial protocol that provides middle and back-end banking services on the blockchain powered by Ethereum smart contracts. Secured Finance addresses demand within the Filecoin network, providing a solution that meets the strong demand for FIL loans from Filecoin storage providers.

>>>>Data Market

OceanProtocol(/

VideoCoin: is building a video-based NFT solution that can reliably create, store and trade, It bypasses the complexities and fees inherent in storing actual content on Ethereum. VideoCoin is integrating its decentralized video processing network with Filecoin to build the first platform dedicated to creating and trading video NFTs. The platform is a much-needed part of the nascent global digital collectibles market

https://videocoin.io/

>>>>NFT

nft.storage (http://nft.storage/) is a service supported by Protocol Labs and Pinata, which is specially designed for storing NFT data.

nft.storage allows. Developers protect their NFT assets and associated metadata through content addressing and decentralized storage, ensuring that all NFTs follow best practices for long-term accessibility

Future usage scenarios< /p>

As the Filecoin and Ethereum ecosystems grow and overlap, more new use cases and developer opportunities will emerge. Some use cases where innovation can occur include:

< p> >>>>Composable DeFIL

Combining the worlds of storage and Defi can create some opportunities. People can bring market orders (such as ask, bid and trade) to a decentralized exchange. To observe how the market judges the value of these orders, the ecosystem can begin to imagine the emergence of hardware futures and spacetime futures.

>>>>Data-rich NFT

NFT will become more and more complex, and the Web3 community needs to explore the use of data-rich NFT way. VideoCoin has connected its video processing engine with Filecoin to combine Ethereum’s support for NFTs with Filecoin’s storage capabilities. Tools like VideoCoin can be used to create a new class of NFTs, such as short films, video clips, and full-length features.

>>>>Pay-per-view media

By storing information on Filecoin, we can use Ethereum’s token support capabilities to create Pages and media (articles, movies, music, etc.) protected by tokens. We can replicate the pay-per-view model of the Web2 era without replicating the data and advertising models.

This is just the beginning! Filecoin and the Ethereum ecosystem have a long history of collaboration and opportunities, and the future is promising.