Thread by @Filecoin

As you may know, the deployment of the Filecoin Virtual Machine (#FVM) to Filecoin mainnet is upcoming on 🥧day, March 14!

🧵 incoming – here is all you need to know about the FVM 👇

1/ FVM is the execution environment for running custom code on Filecoin. It is multi-runtime, secure, and efficient. As of March 14th, you’ll be able to deploy EVM smart contracts (and more) on the Filecoin network. 🤝

2/ This enables anyone to interact with Filecoin’s state – including metadata and transactions governing what and who stores data on Filecoin – by simply deploying on the network! 🏛️

3/ While FVM does not directly interact with the data stored on the Filecoin network, it can orchestrate where and how data gets stored, edited, and maintained, giving rise to concepts like Data DAOs and programmable storage marketplaces. 🏪

4/ DataDAOs are DAOs (Decentralized Autonomous Organizations) whose mission revolves around the preservation, curation, augmentation, and promotion and monetization of datasets considered valuable by their stakeholders. 💰

5/ Examples may include datasets valuable to humanity at large, like large genomic or research databases, historical indexed blockchain chain and transaction data, rollup data, the Wikipedia, NFT collections, metaverse assets, and more. 📚

6/ Stake in DataDAOs can be tokenized. The data stored by the DAO can be cryptographically proven, and the value and utility of data can be objectively expressed and transacted within markets. Tokens can then be used to pay for services to be performed on or with the data. 🪙

7/ For example, interested parties could harvest tokens in a DAO-driven approach by analyzing datasets, performing scientific and ML modeling, calculate statistics, and more, all of which are actions that augment the value, worth, and utility of the original data. 📈

8/ Stakeholders could in turn spend tokens to incentivize even more production of raw data, e.g. sensor data collection, generative art, and even human tasks (transcription, translation, etc), thus opening up access to the data-centric economy. 🌐

9/ FVM also enables you to control and create programmable storage marketplaces. In a traditional cloud-based data center, the strategies and policies defining how data is inserted, placed, distributed, etc. are predetermined by the vendor and are proprietary. ☁️

10/ With the FVM, devs can envision and create data center logic to orchestrate, aggregate and broker storage capacity and data sitting all over the world in novel ways, giving rise to new storage primitives with their associated economies of scale. 🗄️

11/ Basically – if you regard the Filecoin storage network as a massive decentralized data warehouse whose state is being constantly proven to the public, you can think of the FVM as a programmable controller for it. 🎛️

12/ Solidity is just the beginning. FVM will (eventually) support actors written for a variety of execution environments, including SES, eBPF, and actors that compile to WebAssembly. This new capacity allows for all kinds of folks to build on Filecoin. 👷‍♀️

13/ Storage also is just the beginning. FVM can support actors to incentivize compute over the data stored on Filecoin. With projects like Bacalhau (specifically Lilypad), FVM contracts can call compute jobs and control compute resources. 💻

14/ The compute possibilities with FVM allow for the training of very large language models, doing inference on a dataset and enabling new possibilities for edge compute. FVM can also enable a marketplace of compute jobs by brokering compute over data stored on Filecoin. 📁

15/ There is a ton more work going on with FVM to revolutionize the data economy. Get started with us here: fvm.dev.

We can’t wait to see what you can build! 🚀