Filecoin’s Data Onboarding Revolution: Meet CIDGravity, the Trailblazer

• CIDGravity is reshaping the landscape for enterprises and independent software vendors (ISVs) seeking to onboard data onto Filecoin.
• Through its innovative marketplace and zero-knowledge solutions, CIDGravity offers a seamless, cost-effective, and automated pathway for data onboarding.

CIDGravity is transforming the way enterprises and independent software vendors (ISVs) onboard data onto Filecoin with its innovative marketplace. Utilizing zero-knowledge solutions, CIDGravity offers a cost-effective and automated pathway for data onboarding.

• Active Quality-adjusted Power (QaP): 360 PiB
• Transactions: 48.09 million
• Global Storage Providers: 170+
• Clients: 540
• Live Data: 38.73 PiB

CIDGravity bridges the gap between clients and Filecoin, making decentralized storage as seamless as traditional web2 services. It empowers storage providers to manage client pipelines and onboarding strategies with ease. Over the past two years, CIDGravity has equipped storage providers with advanced tools for client management, pricing, and onboarding strategies.

Now, with the launch of the CIDGravity Gateway, clients can effortlessly find the right storage providers and onboard data onto Filecoin.

Introducing CIDGravity: Revolutionizing Data Onboarding on Filecoin! @CIDGravity is transforming the way enterprises and ISVs onboard data onto #Filecoin with its innovative marketplace. Leveraging zero-knowledge solutions, they provide a cost-effective and automated pathway… pic.twitter.com/16cTxfJoTp

— Filecoin (@Filecoin) May 30, 2024

Filecoins’s Development Initiatives

Basin, developed by Textile.io, is a groundbreaking Layer 2 (L2) solution designed for AI/ML developers, decentralized networks, and Decentralized Physical Infrastructure Networks (DePINs).

Basin ensures robust data security and integrity by leveraging a decentralized network. This approach guarantees data availability across multiple nodes, significantly reducing the risk of data loss or corruption. The decentralized architecture of Basin ensures that data is not reliant on a single point of failure, enhancing overall system reliability.

One of Basin’s standout features is its scalability. The platform employs dynamic subnets that expand based on user requirements, enhancing data processing capabilities. This flexibility is particularly beneficial for applications in AI and machine learning, allowing users to manage large datasets and intensive computational tasks without performance degradation, reported Crypto News Flash.

FIL price action

In the last 24 hours, the price of Filecoin (CRYPTO: FIL) has experienced a notable uptick, rising by 3.7% to reach $6.02. This follows a positive trajectory over the past week, during which it recorded a 2.0% gain, climbing from $5.87 to its current price point. Notably, the coin’s all-time high stands at $175.

However, despite the recent price surge, the trading volume for FIL has decreased by 30.0% over the past week. Meanwhile, the circulating supply of the coin has seen a modest increase of 0.83%. Currently, the circulating supply stands at 559.91 million FIL tokens, representing approximately 28.56% of its maximum supply of 1.96 billion tokens.

At present, FIL holds the #37 spot in terms of market capitalization, valued at $3.36 billion. This data underscores the coin’s position within the crypto market and its recent price movements.