FVM adopts a unique minting mechanism, requiring investors to consume 80% FIL and 20% FCC for minting synthesis, and all FCC will be destroyed after minting. This means that the development of FVM will increase the demand for FIL while reducing its circulation in the market, thus supporting the price of FIL. As applications within the FVM ecosystem increase, the use cases for FIL will also become richer, such as paying for smart contract execution fees, further enhancing the value of FIL.
Collaborative Development in Application Ecology
The emergence of FVM has allowed the Filecoin network to extend beyond data storage into broader fields such as DeFi, NFTs, and the metaverse. In the AI field, FIL, with its advantage of distributed storage and the smart contract capabilities of FVM, has combined with AI projects to give birth to some AI data market projects based on FIL. These applications create value for users while attracting more participants to the Filecoin ecosystem, driving the circulation and use of FIL.
Technological innovation complements each other
FVM enhances the flexibility and scalability of the Filecoin network, allowing it to better adapt to market changes and technological developments. At the same time, the stable operation and continuous development of the Filecoin network provide a solid foundation for FVM. For example, through integration with bridges like Axelar and Celer and over 35 other key partners, FVM brings Filecoin closer to the rest of web3, achieving rich message and transaction exchanges between Filecoin and other web3 ecosystems, further solidifying Filecoin's position in the blockchain field.
