Gemini is in the process of developing a wrapped Filecoin service (wFIL) so that Filecoin (FIL) can be deployed on the Ethereum network.
We are looking to work with Ethereum developers who are interested in adding wFIL to their products, and platforms that would like to offer wFIL to their customers – if you are interested, we want to hear from you!
This service will allow you to convert FIL into your Gemini 1: 1 account into wFIL and withdraw it to any Ethereum address you specify. You will also be able to convert wFIL 1: 1 into FIL in your Gemini account. All FILs will be captured in our institutional grade storage system with full transparency so you can always check that the amount of FIL we have is equal to the wFIL currently in circulation.
Filecoin is the native sign of the Filecoin Network. You can use FIL to purchase storage space on, and restore your files (ie, data) from the Filecoin Network. Miners receive FIL for storing your files and checking their services through cryptographic proofs. This decentralized model offers a compelling alternative to existing central cloud storage offerings.
We welcome additional partners to the growing DeFi ecosystem. Please reach out to [email protected] if you want to join us and partner!
Onwards and upwards,