Filecoin’s FIL Token Jumps More Than 30%, Sparking Interest in Virtual Machine Launch

The network first announced FVM’s launch last September at the FIL Singapore conference, promising the software platform would support an array of user programmable applications such as perpetual storage, storage replication and repair automation and liquid staking through block rewards. The platform also has the capability to support the creation of data-centric decentralized autonomous organizations (DAOs), which would facilitate pay-per-view transactions and the creation of Web3 games, among other applications.