Hassan Maishera
On Tuesday, the Filecoin Foundation announced via a blog post that it partnered with Ava Labs to launch a native cross-chain data bridge between Avalanche C-Chain and Filecoin via the Filecoin Virtual Machine (FEVM).
The partnership stacks Avalanche's high-speed, scalable execution with Filecoin’s verifiable data network, laying the groundwork for modular, cross-chain infrastructure that can scale with enterprise demand.
The cross-chain data storage prototype, implemented by FIL-B and FilOz, demonstrates how data generated on EVM-compatible chains like Avalanche C-Chain can be efficiently offloaded to Filecoin, while maintaining access and verifiability through onchain mechanisms.
Filecoin is a decentralized storage network that serves as an incentivization layer on top of the InterPlanetary File System (IPFS). FIL is up 1% in the past 24 hours and is currently trading at $2.854.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.AVAX is down 2% today and currently trades at $23.30 per coin.
