"5G", "Big Data", "Artificial Intelligence", "Internet of Things", "AR", "Autonomous Driving", and "Instant Messaging" - these are just a few examples of the ubiquitous presence of data. The era of exploding big data has arrived. According to authoritative research institution iResearch, the volume of internet data in 2020 will reach 35zb, a 44-fold increase compared to 2009.

In the 21st century, data is wealth. Data is growing exponentially, placing heavier burdens on servers and increasing costs. This has made our networks unable to bear the load. On March 2, 2019, Alibaba Cloud's servers experienced a massive outage in the North China region, causing a major disruption.

In 2018, Facebook's data breach exposed the data of tens of thousands of individuals on the internet. Such incidents are happening frequently. In this context, IPFS has emerged. IPFS, the InterPlanetary File System, was developed by the well-known Protocol Labs and received strategic investment from Sequoia Capital. Sequoia Capital has invested in domestic internet giants such as Alibaba, DiDi, and Meituan, as well as top global investment institutions such as YCWinklevosscapital, Stanford University, and Union Square Ventures.

Through the encryption capabilities of IPFS, we can encrypt and protect the data existing in the network. Data will be permanently stored, and the problem of data being deleted when websites are closed will no longer exist. No one can attack our data through DDoS attacks. IPFS can also solve the issue of excessive redundancy. The download speed on the IPFS network is extremely fast.

Currently, companies such as Microsoft, BMW, NASA, Fox Browser, and JD.com are using IPFS. Additionally, it includes the top five blockchain projects such as EOS and Ethereum. More and more enterprises are beginning to pay attention to IPFS technology to avoid falling behind in this new trend. In order for everyone to enjoy the benefits brought by IPFS, IPFS has officially released a blockchain-based incentive layer called Filecoin.

Since its inception, Filecoin has attracted attention from the global investment and financing industry and has set a world record in blockchain financing with $257 million. According to Filecoin's distribution rules, the amount not yet listed has reached $2.57 billion.

Market research firm MarketsandMarkets recently released a forecast for the global data storage market. By 2024, the global data storage market will surpass the $100 billion mark and reach $102.2 billion. By sharing our storage space through the Filecoin network, we can profit and contribute more space. The more revenue we generate, the greater the dividends. In the Filecoin network, those who meet these storage demands first will obtain the largest dividends. The value of data will be reflected through Filecoin, and the potential value appreciation of Filecoin is immeasurable. Filecoin has created a faster, safer, and more open network.