Filecoin

Filecoin (FIL) is a decentralized storage network that is open to participants from anywhere in the world. It aims to keep data safe and under the control of its owners, and it is used by teams that need to preserve important information.

The network allows anyone to join as a storage provider. It separates raw hard-drive space from extra services, which lets storage behave like a utility or commodity. The cost of storage follows supply and demand instead of corporate pricing departments, and providers also compete on their reputation for reliability.

Its intended uses include holding large datasets, material used to train AI models, and video collections, with retrieval available on demand. It also fits long-term backups, media archives and records that must be kept for years. Data providers can charge others for access to their datasets.