Written by: FISHERY Isla、DeFi Teddy、Dillon

Edit: Crush 、陈大山

*This article is about 2800 words. The estimated reading time is 5minutes.

After two years of development, the Filecoin network has become an indispensable part of the web3 ecosystem, providing the Web3 community with services such as storing NFT images, public welfare datasets, and Metaverse assets. As we all know, many practitioners regard Filecoin as the default input/output layer of Web3.

According to Filecoin’s roadmap, the Filecoin network will introduce a major upgrade early next year called FEVM (Filecoin virtual machine, officially sometimes called FVM. It overlaps with Fantom’s FVM, so this article uses FEVM to distinguish it to avoid confusion).

It enables the Filecoin network to have the ability to program smart contracts and layered-calculating based on storage and opens up a new situation for cross-chain interoperability and integration in a trustless manner, thus unlocking the ability to differ from other chains.

According to the official documentation, users can regard Filecoin’s original data storage and reading functions as Layer 0, and the soon-to-be-updated FEVM will be Layer 1. These two functions will be closely integrated into a whole and mutually support each other. The nativeness of access is far superior to the previous EVM chain access central storage solution.

FEVM supports EVM smart contracts. From the core point of view, the runtime of the FVM virtual machine is WASM. It emulates EVM bytecode and supports Solidity, Vyper, and Yul contracts.

Today the Ethereum community has built a large-scale repository of practical, audited, battle-tested smart contracts such as ERC-20s, NFTs, DAOs, flash loans, and more.

The Filecoin team chose the virtual machine to be compatible with EVM, hoping developers can directly reuse these contract codes. This feature makes it easier for Web3 developers to start with Filecoin smart contract development, bypassing the learning curve associated with specific languages.

Developers can continue using the familiar tools, Remix, Truffle, Hardhat, OpenZeppelin SDK, and more. Most dapps ported to Filecoin do not require changes and do not require auditing.

In addition to deploying existing smart contracts, developers can use Solidity to quickly write new role contracts or upgrade native role contracts for performance optimization.

When smart contracts work with native storage systems, many innovative use cases may emerge:

• Data-centric data DAOs: By pooling the resources of individuals and organizations, people will be able to incentivize the custody, collection, and processing of public datasets. Data DAOs use Tokens and NFTs as value units and can be used to differentiate access rights. This idea is somewhat similar to Ocean Protocol, but unlike the above idea, Ocean’s data and contract logic are separated.

• Automated bots: Incentives to ensure that data is replicated a sufficient number of times in the Filecoin network under user-defined policies.

• Financialized storage market: Develop the existing DeFi model and standardize storage and feeding as financial derivatives. This idea is similar to the actual carbon market.

• Computation by data: A big problem in large-scale computing is the movement of data, which adds cost and latency to each operation. Highly parallel tasks can be executed efficiently by offloading computing tasks to storage providers and rewarding nodes for scheduling tasks to be performed in Filecoin. The results are then stored back to the Filecoin network, allowing further computational tasks to become possible.

• Native NFT: The issuance, transaction, and storage of NFT will all occur in the same system of Filecoin.

In addition, with the support of smart contracts, Filecoin may also be able to take a share of the stock market of the existing Web2 world, such as content distribution networks (CDNs), general reputation systems, and payments.

From the 18th to the 20th of this month, the first Hack FEVM (Filecoin Virtual Machine Hackathon) will be held by Ethererum Global, and many creative projects will show at this event.

The main purpose of this event is to inspire innovative teams that combine centralized computing and storage. The registration will end on the 14th. Whether a developer or a user, there is still time to participate in or pay attention to the development of this emerging ecosystem.

In general, this narrative is full of topics, and the hackathon for FEVM led by Ethererum Global shows the expectations of the Ethereum community for FEVM.

As developers, we can look forward to the FEVM testnet that will be released in November. As ordinary users, what we can do is pay attention to the hackathon starting on the 18th, integrate into the project community early, and wait for the development of the “storage + smart contract” .

1. During a short trip, a user received a private message from a friend, suggesting he withdraw money from FTX as soon as possible, but since the user did not carry 2FA with him, he could not complete the withdrawal process.

This should be the most unfortunate case I have ever heard of. This user is aware of the danger, but he can do nothing.

Biteye’s suggestion: Even if you go out, you should carry related items that can manipulate your assets at any time, or transfer large amounts of funds to an unauthorized cold wallet before going out, and don’t be greedy for APR.

2. For Another user, the wallet address book did not remove the FTX deposit address. After the thunderstorm, he transferred the assets to FTX carelessly, causing irreparable losses. Biteye recommends that everyone immediately go to delete expired addresses such as FTX.

3. Don’t put eggs in one basket. This is a common problem of asset dispersion. Many friends were attracted by FTX’s early 5% APR, then put most of their funds in FTX, and they suffered unaffordable losses.

4. Pay attention to the chat information of the Biteye community on time. It is not enough to know the information from the blockchain media. Due to the compliance requirements of the media, it is difficult for the media to publish relevant reports in advance when FTX is only likely to have problems.

KPR opened in this Thursday, and the overall quality of the pfp map is above average. Even the cheapest KPR is not ugly, and the rare ones are more outstanding and characteristic.

The price fluctuation during the chart opening period was normal, from 0.5x to 0.3x, and then the price quickly rose back to 0.5x. The price fell rapidly after opening, but if you look at the transaction, you can find that some NFTs that are not rare will be traded at a price higher than the floor, and there are many such transactions.

This is actually a manipulation technique. Some people will deliberately buy NFTs at a price higher than the floor price, creating the illusion that the floor price has not changed.

At the same time, by observing the transactions before the opening, you can know the average cost of everyone (last week’s weekly report introduced that the cost of KPR public sale is at least 0.4). By combining the above information, we can find out the price most people buy. I usually choose a medium range. The lower price is used as the entry point, and a limited-time offer is given.

The price movement here is best to use third-party tools such as nftnerd.

https://opensea.io/collection/kprverse

Now to summarize the projects that ab performed well last week:

1. Contractions by Loie Hollowell, 0.75E to 9E

2. QWERTY by Tara Donovan, 0.3E to 1.4E

3. Life in Our Minds, 0.25E to 1.4E

4. Friendship Bracelets by Alexis Andre, 0 to 0.2E (the project was mentioned in the weekly report last week)

There is no new artblock project this week, but there will be next week. You can see the announcement of ab on the Sansa website, and you can trade on it.

https://sansa.xyz

Another noteworthy is Jeff Koons Moonphases. The artist of this project is Pace Verso, with Twitter followers 23W. The previous work Rabbit 1986 sold for 91 million US dollars. There is very little information regrading project at present, but you can pay attention to it.

https://jeffkoonsmoonphases.com

As the leading project of Solana NFT, the recent FTX thunderstorm has caused the price of sol to drop rapidly and affected the stability of the Solana chain. Therefore, the community is discussing that the project will be migrated to Ethereum to reduce user losses.

Here you can consider buying DeGods or other Solana blue chips at a low price, but the risk remains.

https://twitter.com/DeGodsNFT

Risk warning: Investing in NFT has high risks. The above project information does not make investment advice, and Biteye has no commercial relationship with the above projects.

NuLink provides privacy solutions for the project. Investors include Binance Labs, Near, etc. According to the token economy, about 20% of the tokens will be allocated to community incentives. At present, the testnet has been launched, and it is divided into two stages. There are token rewards for each stage.

https://twitter.com/NuLink\_

Synquote, option protocol, currently deployed on polygon, whose mechanism and UI is very similar to Lyra on Optimism, European options, 280w financing. Recently, option projects have been on heat and we can pay some attention to them.

https://twitter.com/Synquote

Zkpay, Aztec’s cross-chain swap. Users can quickly withdraw from Aztec and support the swap. The app is currently under maintenance, and you can consider joining the Aztec interactive project.

https://twitter.com/ZK_Pay

Bracket Protocol is an option protocol, the Binance Lab season 5 incubation project. It has launched the testnet, and you can try to interact and give feedback to the test.

https://www.bracketx.fi/

The Harvest shooting game, dual-token mode, is also an incubation project of Binance Lab season 5. If you want to play the game, you need to buy NFT in the Binance NFT market and download the game from steam.

https://theharvestgame.com/

References

[1] https://filecoin.io/blog/posts/what-the-fvm-unlocks/

[2] https://filecoin.io/blog/posts/introducing-the-filecoin-virtual-machine/

about us

Biteye is an overseas Web3 learning and research community that generates content and tools in a community-driven way and uses DAO to govern and motivate!

Twitter: @BiteyeHQ

Discord: discord.gg/Biteye

*Disclaimer: The content shared in this article is only for learning and exchange, does not constitute any investment advice, and does not represent Biteye’s position. If you like our articles, click on the business card below to follow us!

Written by: FISHERY Isla、DeFi Teddy、Dillon

Edit: Crush 、陈大山

*This article is about 2800 words. The estimated reading time is 5minutes.

After two years of development, the Filecoin network has become an indispensable part of the web3 ecosystem, providing the Web3 community with services such as storing NFT images, public welfare datasets, and Metaverse assets. As we all know, many practitioners regard Filecoin as the default input/output layer of Web3.

According to Filecoin’s roadmap, the Filecoin network will introduce a major upgrade early next year called FEVM (Filecoin virtual machine, officially sometimes called FVM. It overlaps with Fantom’s FVM, so this article uses FEVM to distinguish it to avoid confusion).

It enables the Filecoin network to have the ability to program smart contracts and layered-calculating based on storage and opens up a new situation for cross-chain interoperability and integration in a trustless manner, thus unlocking the ability to differ from other chains.

According to the official documentation, users can regard Filecoin’s original data storage and reading functions as Layer 0, and the soon-to-be-updated FEVM will be Layer 1. These two functions will be closely integrated into a whole and mutually support each other. The nativeness of access is far superior to the previous EVM chain access central storage solution.

FEVM supports EVM smart contracts. From the core point of view, the runtime of the FVM virtual machine is WASM. It emulates EVM bytecode and supports Solidity, Vyper, and Yul contracts.

Today the Ethereum community has built a large-scale repository of practical, audited, battle-tested smart contracts such as ERC-20s, NFTs, DAOs, flash loans, and more.

The Filecoin team chose the virtual machine to be compatible with EVM, hoping developers can directly reuse these contract codes. This feature makes it easier for Web3 developers to start with Filecoin smart contract development, bypassing the learning curve associated with specific languages.

Developers can continue using the familiar tools, Remix, Truffle, Hardhat, OpenZeppelin SDK, and more. Most dapps ported to Filecoin do not require changes and do not require auditing.

In addition to deploying existing smart contracts, developers can use Solidity to quickly write new role contracts or upgrade native role contracts for performance optimization.

When smart contracts work with native storage systems, many innovative use cases may emerge:

• Data-centric data DAOs: By pooling the resources of individuals and organizations, people will be able to incentivize the custody, collection, and processing of public datasets. Data DAOs use Tokens and NFTs as value units and can be used to differentiate access rights. This idea is somewhat similar to Ocean Protocol, but unlike the above idea, Ocean’s data and contract logic are separated.

• Automated bots: Incentives to ensure that data is replicated a sufficient number of times in the Filecoin network under user-defined policies.

• Financialized storage market: Develop the existing DeFi model and standardize storage and feeding as financial derivatives. This idea is similar to the actual carbon market.

• Computation by data: A big problem in large-scale computing is the movement of data, which adds cost and latency to each operation. Highly parallel tasks can be executed efficiently by offloading computing tasks to storage providers and rewarding nodes for scheduling tasks to be performed in Filecoin. The results are then stored back to the Filecoin network, allowing further computational tasks to become possible.

• Native NFT: The issuance, transaction, and storage of NFT will all occur in the same system of Filecoin.

In addition, with the support of smart contracts, Filecoin may also be able to take a share of the stock market of the existing Web2 world, such as content distribution networks (CDNs), general reputation systems, and payments.

From the 18th to the 20th of this month, the first Hack FEVM (Filecoin Virtual Machine Hackathon) will be held by Ethererum Global, and many creative projects will show at this event.

The main purpose of this event is to inspire innovative teams that combine centralized computing and storage. The registration will end on the 14th. Whether a developer or a user, there is still time to participate in or pay attention to the development of this emerging ecosystem.

In general, this narrative is full of topics, and the hackathon for FEVM led by Ethererum Global shows the expectations of the Ethereum community for FEVM.

As developers, we can look forward to the FEVM testnet that will be released in November. As ordinary users, what we can do is pay attention to the hackathon starting on the 18th, integrate into the project community early, and wait for the development of the “storage + smart contract” .

1. During a short trip, a user received a private message from a friend, suggesting he withdraw money from FTX as soon as possible, but since the user did not carry 2FA with him, he could not complete the withdrawal process.

This should be the most unfortunate case I have ever heard of. This user is aware of the danger, but he can do nothing.

Biteye’s suggestion: Even if you go out, you should carry related items that can manipulate your assets at any time, or transfer large amounts of funds to an unauthorized cold wallet before going out, and don’t be greedy for APR.

2. For Another user, the wallet address book did not remove the FTX deposit address. After the thunderstorm, he transferred the assets to FTX carelessly, causing irreparable losses. Biteye recommends that everyone immediately go to delete expired addresses such as FTX.

3. Don’t put eggs in one basket. This is a common problem of asset dispersion. Many friends were attracted by FTX’s early 5% APR, then put most of their funds in FTX, and they suffered unaffordable losses.

4. Pay attention to the chat information of the Biteye community on time. It is not enough to know the information from the blockchain media. Due to the compliance requirements of the media, it is difficult for the media to publish relevant reports in advance when FTX is only likely to have problems.

KPR opened in this Thursday, and the overall quality of the pfp map is above average. Even the cheapest KPR is not ugly, and the rare ones are more outstanding and characteristic.

The price fluctuation during the chart opening period was normal, from 0.5x to 0.3x, and then the price quickly rose back to 0.5x. The price fell rapidly after opening, but if you look at the transaction, you can find that some NFTs that are not rare will be traded at a price higher than the floor, and there are many such transactions.

This is actually a manipulation technique. Some people will deliberately buy NFTs at a price higher than the floor price, creating the illusion that the floor price has not changed.

At the same time, by observing the transactions before the opening, you can know the average cost of everyone (last week’s weekly report introduced that the cost of KPR public sale is at least 0.4). By combining the above information, we can find out the price most people buy. I usually choose a medium range. The lower price is used as the entry point, and a limited-time offer is given.

The price movement here is best to use third-party tools such as nftnerd.

https://opensea.io/collection/kprverse

Now to summarize the projects that ab performed well last week:

1. Contractions by Loie Hollowell, 0.75E to 9E

2. QWERTY by Tara Donovan, 0.3E to 1.4E

3. Life in Our Minds, 0.25E to 1.4E

4. Friendship Bracelets by Alexis Andre, 0 to 0.2E (the project was mentioned in the weekly report last week)

There is no new artblock project this week, but there will be next week. You can see the announcement of ab on the Sansa website, and you can trade on it.

https://sansa.xyz

Another noteworthy is Jeff Koons Moonphases. The artist of this project is Pace Verso, with Twitter followers 23W. The previous work Rabbit 1986 sold for 91 million US dollars. There is very little information regrading project at present, but you can pay attention to it.

https://jeffkoonsmoonphases.com

As the leading project of Solana NFT, the recent FTX thunderstorm has caused the price of sol to drop rapidly and affected the stability of the Solana chain. Therefore, the community is discussing that the project will be migrated to Ethereum to reduce user losses.

Here you can consider buying DeGods or other Solana blue chips at a low price, but the risk remains.

https://twitter.com/DeGodsNFT

Risk warning: Investing in NFT has high risks. The above project information does not make investment advice, and Biteye has no commercial relationship with the above projects.

NuLink provides privacy solutions for the project. Investors include Binance Labs, Near, etc. According to the token economy, about 20% of the tokens will be allocated to community incentives. At present, the testnet has been launched, and it is divided into two stages. There are token rewards for each stage.

https://twitter.com/NuLink\_

Synquote, option protocol, currently deployed on polygon, whose mechanism and UI is very similar to Lyra on Optimism, European options, 280w financing. Recently, option projects have been on heat and we can pay some attention to them.

https://twitter.com/Synquote

Zkpay, Aztec’s cross-chain swap. Users can quickly withdraw from Aztec and support the swap. The app is currently under maintenance, and you can consider joining the Aztec interactive project.

https://twitter.com/ZK_Pay

Bracket Protocol is an option protocol, the Binance Lab season 5 incubation project. It has launched the testnet, and you can try to interact and give feedback to the test.

https://www.bracketx.fi/

The Harvest shooting game, dual-token mode, is also an incubation project of Binance Lab season 5. If you want to play the game, you need to buy NFT in the Binance NFT market and download the game from steam.

https://theharvestgame.com/

References

[1] https://filecoin.io/blog/posts/what-the-fvm-unlocks/

[2] https://filecoin.io/blog/posts/introducing-the-filecoin-virtual-machine/

about us

Biteye is an overseas Web3 learning and research community that generates content and tools in a community-driven way and uses DAO to govern and motivate!

Twitter: @BiteyeHQ

Discord: discord.gg/Biteye

*Disclaimer: The content shared in this article is only for learning and exchange, does not constitute any investment advice, and does not represent Biteye’s position. If you like our articles, click on the business card below to follow us!