►
Description
"Countdown to FVM was a one-day event leading up to the launch of Filecoin’s Virtual Machine on mainnet (which happened March 14th, 2023).
This jam-packed event featured exclusive FVM content, builders showcase, and so much more.
Tune in to learn about the possibilities unlocked by FVM and hear from the pioneers building on FVM!
Follow us for updates here: https://fvm.filecoin.io/"
B
A
But
if
anybody
wants
to
ask
any
questions,
so
we're
going
to
be
talking
about
web3
and
kind
of
the
role
of
fem
within
that
what
it
enables,
and
if
you
have
any
questions
that
you
want
to
ask
then
scan
that
QR
code
it'll,
take
you
to
a
slido
form
and
you
can
put
the
questions
in
there
and
if
we
have
some
time
as
we
go
through
we'll
we'll
answer
those
two.
So
let's
see
the
audience
participation
part
right.
So,
okay.
B
Yeah,
well,
maybe
just
to
kick
it
off
so
I
guess
today
we're
going
to
be
talking
about
the
fem
and
how
it
unlocks
value
for
the
web
3
economy,
maybe
just
to
start
I,
guess
Matt.
How
do
you
think
about
the
fem
versus
other
l1s?
How
do
they
complement
each
other,
the
pair?
How
do
you
think
about
it?
Yeah.
A
So
I
mean
I.
Think
one
of
the
main
things
to
note
is
that
filecoin
is,
is
not
really
like
competitive
in
at
least
not
competitive,
in
a
bad
way
against
other
blockchains
right,
it's
complementary
to
a
lot
of
other
blockchains.
So,
yes,
you
can
run
now
with
fem
and
fevm.
You
can
run
smart
contracts
on
here,
but
you
could
Port
over
from
say
other
evm
blockchains,
but
we
think
that
the
real
value
is
you
could
use
them
alongside
the
rest
of
the
web
3
world
right.
A
You
don't
have
to
necessarily
sort
of
pick
and
choose
one
of
the
great
things
with
falcoin
you
know
historically.
Is
it
has
been
used
by
a
lot
of
other
projects
right,
so
that's
I
think
that's
one
of
the
one
of
the
main,
the
main
things
there.
B
Yeah
I
mean
like
I,
think
one
of
the
interesting
features
is
like
Falcon
as
an
economy
is
building
out
all
of
these
real
world
services.
So
storage
is
like
the
first
service
that
we
have
we'll
have
the
retrieval
markets
for
distribution
well,
transformation
with
all
the
computer
for
data
networking
that's
going
on,
and
so
the
interesting
thing
is
like
as
a
category
expansion
of
like
what
is
possible
in
web3.
B
The
fem
is
just
now
saying,
like
anyone
can
trigger
from
other
ecosystems
or
inside
of
the
Falcon
ecosystem,
these
Services
they
can
now
be
rendered
in
the
real
world
so
like
hopefully
from
like
what
will
people
do
with
these
composable
building
blocks?
It's
not
just
saying
like
inside
of
falcoins
economy.
We
have
these
Services.
It's
also
asking
the
question
inside
of
like
the
Solana
ecosystem.
What
would
you
do
if
you
could
use
D5
air
to
fund
activities
inside
of
the
filecoin
ecosystem
to
go?
Do
things
in
the
real
world
like
Distributing
content?
B
Maybe
to
poke
you
a
little
bit?
What
do
you
see
of
some
of
those
use
cases
so.
A
I
mean
one
area
that
We've
we've
seen
a
lot
is,
you
know,
fall
point
is
a
is
a
collection
of
services
right,
you've
seen
you've,
possibly
seen
one
Bernese
kind
of
master
plan
for
fall
coin,
and
that
is
to
store
data.
That's
the
you
know
the
well.
The
first
bit
is
basically
build
the
world's
largest
decentralized
storage
Network,
and
you
know
we're
very
well
on
the
way.
Well,
we've
done
that
right,
it
is
the
largest
storage,
Network,
decentralized
storage.
A
Network
then
store
Humanities
data,
then
add
things
like
compute
and
the
ability
to
manipulate
that
data
on,
and
that's
the
area
that
we're
at
now
I
think
in
in
enabling
these
services
to
manipulate
the
data,
so
things
like
AI,
for
example,
kind
of
compute
at
the
edge
there's
another
project
within
protocol,
Labs
called
bakayal,
which
is
part
of
the
compute
over
data
project,
and
you
know
that
offers
some
really
interesting
use
cases
when
combined
with
the
fem,
because
you
can
do
that
processing
of
data
kind
of
out
on
the
edge
of
the
network.
A
But
then
you
have
a
smart
contract
system
to
hang
or
things
like
orchestration
of
those
jobs.
Payment
of
those
jobs,
storing
proofs
that
those
jobs
have
been
run,
for
example,
so
that's
I,
think
a
big
aspect
of
it.
100.
B
Like
one
way
I
think
about
it
is
so
falcoin
you
can
think
of
like
there
being
data
services.
So,
like
storage,
is
a
data
service,
retrieval
computation.
Those
are
things
that
you
want
to
be
able
to
like
trigger
those
actions
to
happen
from
the
storage
providers,
from
like
retrieval
nodes
from
people
who
are
doing
Transformations,
but
also
related
to
that
is
like
how
do
you
do
the
payment
for
those
services?
B
So
when
we
think
about
even
just
like
the
Capital
Services
on
the
network,
once
you
have
programmability
a
value,
you
can
start
saying
like
I
want
to
offer
an
example.
Sarah
gave
like
a
bounty
to
someone
if
they're
willing
to
go
store,
my
data
or,
if
I,
want
to
give
a
loan
to
a
storage
provider
to
say,
hey
I
will
give
you
a
cheaper
cost
of
capital.
A
Yeah
and
making,
like
you
say,
Capital
the
the
capital
more
efficient
right,
the
usage
of
capital,
more
efficient,
so
storage
providers
need
to
stake,
fill
in
order
to
provide
their
services
as
as
collateral,
so
the
ability
to
be
able
to
offer
loans
markets
now
to
that
and
being
able
to
borrow
or
near
instantly
fill
you
know,
collateral
liquidity
in
order
to
enter
the
market
is
really
powerful,
because
at
the
moment
yes
there's
some,
you
know
loan
providers
and
lending
services,
but
they
are
permissions
kind
of
traditional
style
Services,
whereas
now
moving
it
onto
kind
of
more
of
a
like
a
defy
type
approach
using
smart
contracts.
A
B
Yeah
I
mean
so
I
I
sort
of
touched
on
this
before
I.
Think,
like
one
of
the
things
that
I
like
to
think
about
is
inside
of
web3
there's,
so
many
people
doing
interesting
things
with
so
like
take
gaming
as
an
example,
so
you
have
teams
that
are
building
their
own
game
economies
and,
like
they're
figuring
out
how
to
balance
that
all
of
that
good
stuff
separately,
they're
also
Contracting
a
bunch
of
services
outside
in
the
real
world
where
it's
like.
B
Okay,
we're
gonna,
have
some
amount
of
our
tokens
that
we're
selling,
whether
it's
the
dev
team
or
someone
else
in
order
to
like
gofund
like
the
actual
distribution
of
their
content.
The
servers
that,
like
these
games,
are
running
on
I
think
one
of
the
fascinating
ideas
once
you
set
up
these
like
protocol
native
like
Loops,
is
it
means
you
can
actually
move
away
from
saying
like
Okay,
we
need
someone
who's
running
this
infrastructure.
B
So,
like
so
long
as
there's
people
playing
the
game
so
long
as
the
economy
is
robust,
you
also
have
a
self-funding
mechanism
for
how
the
actual
distribution
of
those
assets
are
like
perpetually,
like,
like
funded
I,
think
the
part
that
gets
interesting
is
that
it
doesn't
require
any
individual
party
to
be
there
to
make
sure
that
these
assets
are
still
like
alive,
that
the
game
is
still
running.
B
It
just
requires
the
game
to
have
like
users
for
the
game
to
actually
be
built
in
a
sustainable
and
sound
way,
which
I
think
we're
like
a
little
bit
away
from
that
actually
be
reality,
but
I
think
it
sort
of
like
Sparks
the
imagination
of
like
what
does
this
actually
mean
like.
Why
is
permissionless
payment
rails?
Actually
interesting?
It's
like
you
can
now
further
segments
like
the
physical
and
the
digital
worlds.
A
I
mean
one
of
the
questions
that
we've
we've
just
had
come
in
is
regarding
like
comparing
the
cost
between
like
S3,
Amazon,
S3
and
filecoin.
So
do
you
want
to
talk
a
little
bit
about
that
and
maybe
about
how
like
falcoin,
you
know
and
talking
about
like
the
economy
within
filecoin,
and
you
know
keeping
value
within
the
web
3
world
yeah.
B
A
Yeah-
and
you
know
talking
about
as
well
that
at
the
moment,
a
lot
of
the
value
is
moving
out
of
web
3,
going
into
somebody's
large,
centralized
storage,
gliders,
like
you
know,
Amazon
and
S3,
and
so
it's
it's
quite
interesting
that
you
know
for
certain
classes
of
storage,
we'll
be
able
to
keep
that
like
value
within
the
web.
3
economy,
I
think,
which
has
I
think
a
lot
of
value
as
well.
To
do
that.
B
Yeah
I
mean
I.
Think
it's
interesting,
just
thinking
of
like
filecoin
is
like
one
Island
economy.
Ethereum
is
another
Island
economy.
Solana
is
another
Island
economy
and,
like
the
thing
that
we
were
able
to
do
now
is
just
like.
Have
more
trade
between
these
economies,
like
we
have
a
real
service
that
we
can
offer
those
economies
have
their
own
defy
ecosystems.
B
You
look
at
like
ethereum
with
like
the
real
world
assets,
to
make
her
doubt
and
like
there's
opportunities
to
build
things
that
span
both
chains
to
say,
like
if
I
would
like
to
use
ethereum's
D5
to
fund
my
storage
or
my
like
applications
in
valpoint.
Once
you
have
a
cross,
Chain
Bridge,
it's
just
about
sending
a
message
and
like
moving
funds,
but
it's
really
just
saying
like
we
can
actually
like
use
the
power
of
web3's
native,
like
economies
to
support
each
other
yeah.
B
I
guess
like
maybe
to
sort
of
like
dovetail
off
of
that,
so
we
talked
a
little
bit
about
some
of
the
other
surfaces
that
are
coming
online
with
retrieval
and
compute,
and
I'm
curious.
How
you
see
like
asphaltcoin
incrementally
adds
more
and
more
how
that
sort
of
helps
evolve.
What
three
overall
yeah.
A
So
I
mean
one
of
the
analogies
is
with
like
the
open
source
world
right
and
you
know,
open
source
has
enabled
so
many
other
services
to
be
built.
You
know
much
more
frictionlessly
on
you
know.
On
top
of
other
services
and
I
see,
you
know,
falcoin
allowing
a
similar
kind
of
thing,
especially
now
with
the
fbm
that
you
can
build
on
top
of
it
permissionlessly
and
build
a
lot
on
top
there.
A
So
I
think
that's
I,
think
that's
an
area,
that's
certainly
gonna
gonna
sort
of
show
up
there
and
as
well
as
looking
at
things
like
gaming
and
metaverses
as
well
right.
The
idea
that
you
can
actually
have
these
economies
within,
say,
games
within
metaverses,
actually
sort
of
self-funds
of
their
own
storage
of
assets.
I
think
is
really
interesting.
A
B
B
There's
like
I,
don't
know
like
maybe
gaming
is
another
one,
but
like
it's
like
a
pretty
limited,
set
and
I
think
when
we
think
about
like
how
do
we
do
category
expansion
of
like
who
is
a
web
3
developer
once
we
start
unlocking,
like
storage,
retrieval
compute?
These
are
just
generic
services
that
people
use
on
the
web.
So
we
were
talking
about
like
open.
Science
is
another
one
where
like
this
is
separate
from
like
I.
B
Think,
there's
like
a
lot
of
like
philosophical
alignment
between
open
science
community
and
like
web3
and
the
values
that
we
have
but
I
think
it's
like.
We
actually
can
solve
some
of
the
real
problems
that
they
do
have
given
like
science.
Data
is
massive,
like
I,
think
NASA
had
an
RFC
like
bet
closed
on
Tuesday
or
last
Tuesday
for
storing
an
exabyte
of
their
Dana
and
then
figuring
out
how
to
build
an
open
science
tooling.
B
On
top
like
there
is
no
other
way
of
doing
that
outside
of
the
cloud
today,
other
than
PowerPoint,
which
is
like
kind
of
crazy.
If
we
think
about
like
this
is
the
opportunity
to
say
like
when
we
think
about
like
how
do
we
actually
support
a
community's
information?
How
do
we
help
like
compound
the
tooling
that
science
has?
We
can
have
verifiability
and
reproducibility
of
results?
If
we
have
content
of
hashes,
we
can
keep
costs
low
if
it's
literally
like
the
marginal
provider
for
storing
that
data.
A
A
lot
of
that
data
you
know
legally
has
to
be
public
as
well.
I
was
talking
to
a
you
know,
a
hardware
storage
vendor
earlier,
and
they
were
talking
about.
You
know
some
of
their
clients.
These
big
universities
buying.
You
know
trucks,
trucks,
full
of
hard
drives
for
storage,
but
they're
actually
mandated
by
law
to
make
a
lot
of
this
data
publicly
available.
A
So,
yes,
they've
got
like
the
storage,
but
they
don't
have
the
ability
to
really
make
it
available
and
distribute
it
and
I
think
that's
a
you
know
a
key
area
within
Design,
Within,
filecoin
and
again,
as
you
touched
about
it's
the
verifiability
right.
So
if
you
think
about
you,
get
a
scientific
paper
and
they
might
outline
the
process
they
went
through,
they
may
even
link
to
like
the
algorithms
they've
run,
they
might
link
to
say
a
GitHub.
A
You
know
repository
with
a
with
the
actual
code
in
that
they've
run,
but
quite
often
they
don't
have
a
link
to
the
data.
The
inputs
that
they've
put
in
to
come
up
with
the
results
they've
come
up
with,
and
that's
that's
normally
because
the
data
is
just
so
large.
So
to
be
able
to
store
it
on
filecoin
and
then
have
you
know
a
CID,
a
Content
ID,
that's
that's
verifiable.
A
A
Question
here,
another
question:
we've
got
is:
oh
there's
a
few
orders
just
come
in.
How
can
web
2
companies
benefit
from
fvm?
What
do
you
think
about
that.
B
I
guess
it
depends
on
the
web
2
company
exactly
I.
Think
if
you
so
one
of
the
things
that's
really
cool
is
I.
Think
filecoin
just
gives
a
lot
of
like
flexibility
to
what
people
heard
that
VM
specifically
around
like
what
people
will
build.
So
if
you
are
a
data
center
company
in
web,
2,
I
think
like.
Hopefully,
this
reduces
the
barrier
to
entry.
B
That's
sort
of
doing
this
with
nfts,
where,
like
they're,
a
shipping
company
or
they're
like
at
they
have
nfts
that,
like
are
of
the
bill
of
lading
and
they're,
required
to
keep
the
data
around
for
like
10
years.
It's
like
cool
once
you
have
verifiable
proof,
City
and
Sport
contract
X.
You
can
actually
just
like
automate
that
process
where
you
don't
have
to
be
the
like.
The
single
point
to
failure.
B
A
Exactly
and
it
could
be
like
a
blended
approach
to
the
storage
as
well,
so
we're
gonna,
no
doubt
stock
to
see
like
these
intermediate
layers
will
start.
I
mean
I,
know
that
there's
I
think
there's
one
already
out
there
that
offers
like
an
S3
compatible
API
that
is
backed
up
in
the
end
by
ipfs,
right
and
so
doing
a
similar
thing
with
filecoin.
You
know
you'd
be
able
to
move
your
storage
from
say,
like
a
centralized
existing
providers
over.
A
So
even
if,
like
the
rest
of
your
stack,
is
very
kind
of
web
2-ish,
you
can
still
take
advantage
of
the
storage,
especially
for,
like
you
say,
cold
storage
kind
of
in
the
background,
then
there's
a
question
here:
sort
of
going
some
more
technical
ones
about.
Is
there
a
collection
of
Snippets
of
code
around
fef
that
people
could
use
and
copy
and
pasteuron?
A
Well
there's
a
a
live
there's
a
a
project:
we've
got
the
hard
hat
starter
kit,
and
so,
if
you,
if
you
Google,
fem
hard
hat
starter
kit,
you'll
probably
get
it
created
by
my
my
colleague,
Zach
and
I.
Think
Sarah
might
have
shown
it
in
the
previous
talk.
So
if
you
go
there,
there's
some
examples
there
as
well
and
there's
also
a
a
awesome
fbm
repository
as
well.
That
has
a
link
to
a
whole
bunch
of
stuff
in
there
as
well.
A
So
you
can,
with
advice
of
other
bits
and
pieces
in
there,
so
yeah
compare
and
contrast
back
again
and
fem.
Both
promise
compute
over
data
right.
B
So,
but
at
the
I
think
the
better
way
of
thinking
about
his
computer
over
state
so
like
on
the
fall
coin.
Blockchain
you
have
a
state
of
light
search.
Writers
are
posting
proofs
you
can
see
like
who
is
actually
submitting
those
you
can
see
like
who's
getting
slashed.
It
gives
you
information
about,
like
the
state
of
the
world.
B
B
The
difference
between
saying,
like
is
my
climate
data
set
healthy,
if
not
replicate,
that's
an
fvm
problem
versus
I
would
like
to
run
a
transformation
to
say
like
what
is
the
latitude
and
longitude
of
the
cities
that
like
had
a
rainfall
of
more
than
whatever,
and
that's
like
a
back
all
year
problem
and.
A
Those
two
are
there's
a
project
that
the
bakiel
Team
have
created
called
project
nilipad.
It
was
originally
called
project
frog.
You
might
see
some
references
there,
but
it's
an
apple
project,
lily
pad,
and
that
is
a
combination
of
fem
and
bakayal.
So
in
that
particular
case,
they're,
actually
using
and
Molly
talked
about
this
earlier
they're
actually
running
the
stable
diffusion
machine
learning
algorithm
on
Bacio,
so
you
can
give
it
a
text
prompt
and
it'll.
A
Give
you
an
image
back,
but
they're
then
orchestrating
that
using
smart
contracts
on
fvm
and
eventually
they're
looking
at
doing
things
like
payment
via
fem,
so
you
could
use
the
smart
contracts
to
deal
with.
You
know,
holding
collateral
whilst
the
job
is
being
run
and
then
releasing
the
collateral
on
proof
that
the
the
job
has
been
run,
for
example.
So
that's
that's
quite
an
interesting
one,
I'm,
not
sure
how
we're
doing
for
time
actually
but
one
one
more.
A
Okay,
let's
see
here,
okay,
the
fem
lets
us
build
a
bunch
of
defy
solutions
to
be
built
on
filecoin.
Do
you
expect
a
high
growth
in
interest
from
the
average
D5
ethereum
user
in
the
file
Point
ecosystem.
B
I
think
that's
like
a
maybe
so
here's
I
think
the
reasons
why?
Yes,
some
of
maybe
the
reasons
why
no,
the
reasons
why
yes
is
like
I
think,
unlike
other
ecosystems,
all
coin
has
like
an
economic
Loop.
That's
not
just
like,
like
there
is
like
a
real
thing,
like
storage
Fighters
need
Capo,
there's
like
thousands
of
businesses
anchored
to
that
filecoin
Network
who
are
looking
for
Capital.
So
if
you
are
a
D5
Builder,
there's
a
lot
of
opportunities
there
I
think.
B
Equally,
though,
there's
other
things
that
maybe
are
like
trade-offs
again
and
I
would
also
say
things
like
data
Dows
will
look
probably
more
like
Pension
funds,
they're,
just
giant
standing
coals
of
capital
funding
data
sets
those
will
be
natural
consumers
of
D5
as
well
so
like.
If
you
are
a
D5
Builder.
The
fact
that
we
have
this
orthogonal
Capital
flow,
Loop,
that's
tied
to
these
services
that
are
being
rendered
should
hopefully
be
exciting
to
you.
B
I
think
the
reasons
why
it's
probably
going
to
be
different
from
what
people
expect
in
ethereum
is
like
Falcon
has
a
block
time
of
like
30
seconds
so
I.
Think,
like
the
experience
in
the
ux
of
like
building
Defy,
is
going
to
look
probably
pretty
different
from
what
people
normally
are
thinking
of,
but
it's
really
going
to
be,
but
I
imagine
at
least
is
like
around
what
are
the
services
that
people
are
procuring
on
on
the
network
and
how
do
you
build
financialization
around
that
to
unlock
Capital
efficiency,
yeah.
A
And
the
sem
allows
you
to
then
build
additional
like
layer
twos
on
top
of
the
Fall
point
blockchain.
So
in
the
70
book
Layer
Two
is
on
ethereum.
You
could
build
those
on
top
using
fem
as
well,
so
you
might
have
a
layer
2,
that's
specifically
focused
on
privacy
or
particularly
focused
on
performance
or
zero
knowledge
proofs,
or
something
like
that.
So
I
think
that's
quite
a
bit.
I
think
we're
coming
up
to
that
we're
out
of
time
now,
but
thank
you
very
much
everybody
and
thanks
a
lot
JV.
A
It
was
great
great
journey.