A Look at Filecoin’s Ecosystem Developments

Blockchain-based decentralized storage networks saw rapid adoption last year, coinciding with NFTs going mainstream and surging interest in web3. Developers are increasingly becoming aware of this new kind of cooperative storage cloud where they can store and process data without relying on centralized services like AWS.

The number of projects utilizing these networks exploded from dozens at the beginning of 2021 to several hundred today. There are a lot of possible drivers behind this breakneck speed of adoption: