The post FIL Distributes 500K Tokens as Network Pivots to Cloud Platform appeared on BitcoinEthereumNews.com. James Ding Jan 15, 2026 20:39 Filecoin (FIL) completesThe post FIL Distributes 500K Tokens as Network Pivots to Cloud Platform appeared on BitcoinEthereumNews.com. James Ding Jan 15, 2026 20:39 Filecoin (FIL) completes

FIL Distributes 500K Tokens as Network Pivots to Cloud Platform

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com


James Ding
Jan 15, 2026 20:39

Filecoin (FIL) completes RetroPGF Round 3, awarding 500K FIL to 91 projects as network transforms into programmable cloud infrastructure with 100+ teams building.

Filecoin (FIL) wrapped up its third Retroactive Public Goods Funding round this week, distributing over 500,000 FIL across 91 ecosystem projects. The payout comes as the decentralized storage network completes what it calls a transformation from pure storage into a “programmable, verifiable cloud platform” — a pivot that’s attracted more than 100 development teams to its new Onchain Cloud infrastructure.

FIL traded at $1.57 as of January 15, down 0.33% over 24 hours, with a market cap of $1.15 billion.

RetroPGF Round 3 Breakdown

The funding round drew 120 applications from across the Filecoin ecosystem, with 91 ultimately receiving awards. RetroPGF differs from traditional grants by rewarding projects for contributions already made rather than future promises — a model pioneered by Optimism that’s gained traction across Web3.

The 500K FIL distribution represents meaningful capital deployment for ecosystem development, though specific allocation breakdowns by project category weren’t disclosed in the announcement.

Onchain Cloud Gains Traction

A Messari Pulse Report highlighted growing adoption of Filecoin Onchain Cloud since its testnet launch. The platform’s Filecoin Pay service has seen “growing demand,” according to the report, though specific usage metrics weren’t released.

Two significant infrastructure additions landed this week. Storacha launched Forge, offering IPFS-compatible warm storage with cryptographic proof of data possession. Akave Cloud introduced a Filecoin-powered archival tier targeting AI, IoT, and compliance workloads — sectors where verifiable storage increasingly matters.

Both services leverage Proof of Data Possession (PDP), which shipped in May 2025 alongside Fast Finality (F3) — technical upgrades that reduced transaction confirmation times and enabled verifiable hot storage.

Governance Gets an Overhaul

The Filecoin Foundation unveiled its Constellation Program at FIL Dev Summit 7, signaling a push toward more community-driven decision-making. The initiative takes an iterative approach to governance reform, testing new participation mechanisms before scaling them network-wide.

For builders looking to establish early credibility, CloudPaws NFTs offer a limited run of 100 credential-style tokens recognizing early Onchain Cloud contributors. Beyond bragging rights, these credentials could factor into future governance participation and testing access.

What’s Next

Filecoin’s 2026 roadmap appears focused on enterprise adoption, with ecosystem partner Akave identifying seven storage trends driving demand for “proof, predictability, and control.” The network’s recent DNA storage partnership with Atlas Eon 100, announced January 12, suggests a push toward novel permanence solutions.

After five years building decentralized storage infrastructure, Filecoin is betting its next phase of growth comes from becoming indispensable plumbing for AI workloads and data-heavy dApps. Whether 100+ building teams translates to sustainable protocol revenue remains the key question for FIL holders watching this transformation unfold.

Image source: Shutterstock

Source: https://blockchain.news/news/fil-distributes-500k-tokens-network-pivots-cloud-platform

Market Opportunity
Cloud Logo
Cloud Price(CLOUD)
$0.03339
$0.03339$0.03339
-1.82%
USD
Cloud (CLOUD) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

USD/JPY Price Forecast: Resilient Pair Holds Critical Gains Near 157.00 Monthly Peak

USD/JPY Price Forecast: Resilient Pair Holds Critical Gains Near 157.00 Monthly Peak

BitcoinWorld USD/JPY Price Forecast: Resilient Pair Holds Critical Gains Near 157.00 Monthly Peak TOKYO, May 2025 – The USD/JPY currency pair demonstrates remarkable
Share
bitcoinworld2026/03/03 12:30
‘Groundbreaking’: Barry Silbert Reacts to Approval of ETF with XRP Exposure

‘Groundbreaking’: Barry Silbert Reacts to Approval of ETF with XRP Exposure

The post ‘Groundbreaking’: Barry Silbert Reacts to Approval of ETF with XRP Exposure appeared on BitcoinEthereumNews.com. A “combo” ETF  Crypto ETF trailblazer  Digital Currency Group founder Barry Silbert has reacted to the approval of the Grayscale Digital Large Cap Fund  (GDLC), the very first multi-crypto exchange-traded fund (ETF), describing it as “groundbreaking.”  “Grayscale continues to be the first mover, driving new product innovations that bridge tradfi and digital assets,” Silbert said while commenting on the news.  Peter Mintzberg, chief executive officer at Graysacle, claims that the team behind the world’s leading cryptocurrency asset manager is working “expeditiously” in order to bring the product to the market.  A “combo” ETF  The ETF in question offers exposure to Bitcoin (BTC), Ethereum (ETH), as well as several other major altcoins, including the Ripple-linked XRP token, Solana (SOL), and Cardano (ADA). XRP, for instance, has a 5.2% share of the fund, making it the third-largest constituent.  The fund initially debuted as a private placement for accredited investors back in early 2018, and its shares later became available on over-the-counter (OTC) markets.  In early July, the SEC approved the conversion of GDLC into an ETF, but it was then abruptly halted for a “review” shortly after this.  As of Sept. 17, the fund currently has a total of $915.6 million in assets.  Crypto ETF trailblazer  It is worth noting that Grayscale is usually credited with kickstarting the cryptocurrency ETF craze by winning its court case against the SEC.  The SEC ended up approving Bitcoin ETFs in early 2024 and then followed up with Ethereum ETFs.  Grayscale’s flagship GBTC currently boasts more than $20.5 billion in net assets, according to data provided by SoSoValue.  Source: https://u.today/groundbreaking-barry-silbert-reacts-to-approval-of-etf-with-xrp-exposure
Share
BitcoinEthereumNews2025/09/19 03:39
Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps

The post Fed Makes First Rate Cut of the Year, Lowers Rates by 25 Bps appeared on BitcoinEthereumNews.com. The Federal Reserve has made its first Fed rate cut this year following today’s FOMC meeting, lowering interest rates by 25 basis points (bps). This comes in line with expectations, while the crypto market awaits Fed Chair Jerome Powell’s speech for guidance on the committee’s stance moving forward. FOMC Makes First Fed Rate Cut This Year With 25 Bps Cut In a press release, the committee announced that it has decided to lower the target range for the federal funds rate by 25 bps from between 4.25% and 4.5% to 4% and 4.25%. This comes in line with expectations as market participants were pricing in a 25 bps cut, as against a 50 bps cut. This marks the first Fed rate cut this year, with the last cut before this coming last year in December. Notably, the Fed also made the first cut last year in September, although it was a 50 bps cut back then. All Fed officials voted in favor of a 25 bps cut except Stephen Miran, who dissented in favor of a 50 bps cut. This rate cut decision comes amid concerns that the labor market may be softening, with recent U.S. jobs data pointing to a weak labor market. The committee noted in the release that job gains have slowed, and that the unemployment rate has edged up but remains low. They added that inflation has moved up and remains somewhat elevated. Fed Chair Jerome Powell had also already signaled at the Jackson Hole Conference that they were likely to lower interest rates with the downside risk in the labor market rising. The committee reiterated this in the release that downside risks to employment have risen. Before the Fed rate cut decision, experts weighed in on whether the FOMC should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 04:36