{"id":1053,"date":"2023-09-22T14:30:09","date_gmt":"2023-09-22T14:30:09","guid":{"rendered":"https:\/\/projectsofar.info\/filecointldrblog\/?p=1053"},"modified":"2025-02-20T21:50:30","modified_gmt":"2025-02-20T21:50:30","slug":"filecoin-in-singapore-fil-dev-summit-amp-token2049-recap","status":"publish","type":"post","link":"https:\/\/wp.filecointldr.io\/en\/article\/filecoin-in-singapore-fil-dev-summit-amp-token2049-recap\/","title":{"rendered":"Filecoin in Singapore: FIL Dev Summit &#038; Token2049 Recap"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\" id=\"acb2\">The Filecoin TL;DR team was thrilled to be back in Singapore for Asia\u2019s much-awaited blockchain week from Sept 11\u201315 2023. The week-long series of gatherings was spread across major Web3 events including the&nbsp;<a href=\"https:\/\/fildev.io\/#singapore\" target=\"_blank\" rel=\"noreferrer noopener\">FIL Dev Summit<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/www.token2049.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Token2049<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"a91f\">In this blog post, we\u2019ll share our key takeaways from the week. This blog is organized into the following sections:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"0cf1\"><strong>Takeaways from FIL Dev Summit<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ideas for upgrading Filecoin<\/li>\n\n\n\n<li>Better Governance to meet Filecoin network\u2019s growing needs<\/li>\n\n\n\n<li>Upgrading Filecoin Plus<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"ee4f\"><strong>Takeaways from Token2049<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Scalability is at the top of everyone\u2019s mind<\/li>\n\n\n\n<li>RWA is powering DeFi<\/li>\n\n\n\n<li>AI needs decentralized storage<\/li>\n<\/ul>\n\n\n\n<h1 class=\"wp-block-heading\" id=\"dc5a\">FIL Dev Summit: Top Three Takeaways<\/h1>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"c0fa\">1. Ideas for upgrading Filecoin<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"2baa\"><a href=\"https:\/\/fildev.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">FIL Dev Summit<\/a>, inspired by the successes of&nbsp;<a href=\"https:\/\/2023.ipfs-thing.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">IPFS \u00feing<\/a>, was organized as a three-day event for the community to come together and have impactful conversations that help push the&nbsp;<a href=\"https:\/\/filecoin.io\/blog\/posts\/the-filecoin-masterplan\/\" target=\"_blank\" rel=\"noreferrer noopener\">Filecoin Masterplan<\/a>&nbsp;forward.<\/p>\n\n\n\n<figure><img decoding=\"async\" data-src=\"https:\/\/wp.filecointldr.io\/wp-content\/uploads\/2023\/09\/image.jpeg\" alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" style=\"--smush-placeholder-width: 700px; --smush-placeholder-aspect-ratio: 700\/302;\" \/><noscript><img decoding=\"async\" src=\"https:\/\/wp.filecointldr.io\/wp-content\/uploads\/2023\/09\/image.jpeg\" alt=\"\" \/><\/noscript><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"8bbb\">Juan Benet, Founder and CEO of Protocol Labs, visualized what Filecoin\u2019s success should look like using simple metrics such as the number of internet users, HTTP requests per day, and total data stored. His simulation provided a concrete list of protocol upgrades and design improvements the Filecoin network should strive for in the near future.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"382a\">\u201cThe chain must scale. The good news is we\u2019ve been working on it for many years now,\u201d Juan said. He laid out some key ideas for upgrading Filecoin including the possibility of crafting new provider roles and developing cheaper and faster&nbsp;<a href=\"https:\/\/docs.filecoin.io\/basics\/the-blockchain\/proofs\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em>PoReps<\/em><\/a>. You can read our&nbsp;<a href=\"https:\/\/twitter.com\/FilecoinTLDR\/status\/1701988623959097659\" target=\"_blank\" rel=\"noreferrer noopener\">TL;DR on the full list of ideas<\/a>&nbsp;or watch the video below.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Upgrading Filecoin Towards an Interplanetary Future with Juan Benet\" width=\"500\" height=\"281\" data-src=\"https:\/\/www.youtube.com\/embed\/9Th4hzsYos8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"b0be\"><strong>2. Better Governance to meet Filecoin network\u2019s growing needs<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"b581\">The need to enhance governance processes and tooling has gathered momentum with the growing community. In an effort to bridge the gap between existing technical experts and new community stakeholders, the proposed changes by the Filecoin Foundation to the FIP (Filecoin Improvement Proposals) process were reviewed under the&nbsp;<a href=\"https:\/\/github.com\/filecoin-project\/FIPs\/discussions\/799\" target=\"_blank\" rel=\"noreferrer noopener\">FIP0001v2 Initiative<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"1411\">Several ideas emerged from these discussions which will likely be taken up at the&nbsp;<a href=\"https:\/\/fildev.io\/#iceland\" target=\"_blank\" rel=\"noreferrer noopener\">Iceland track<\/a>:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Increase efforts to produce materials about Filecoin governance for Storage Providers<\/li>\n\n\n\n<li>Form an<strong>&nbsp;\u201c<\/strong>author collective\u201d to push an idea through draft and soft consensus<\/li>\n\n\n\n<li>Work to refine proposals for including \u2018ecosystem stakeholders\u2019 and other institutional network participants in governing decisions<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"6585\"><strong>3. Upgrading Filecoin Plus (Fil+)<\/strong><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\" id=\"761d\"><em>\u201cFil+ has gaps and constraints, but it is fundamental to the network.\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"6391\">\u2014 Juan Benet<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"ba07\">Filecoin Plus (Fil+) is an incentive mechanism that encourages the onboarding of useful data onto the Filecoin network. The FIL Dev meetup was an opportunity to align the community with network subsidy structures and shape the future of Fil+ together.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"24e8\">Juan proposed three major ideas in his keynote address:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Better abuse measurement<\/li>\n\n\n\n<li>Creating concrete disincentives like slashing to prevent abuse<\/li>\n\n\n\n<li>Experimenting with new Fil+ design mechanisms for DataCap allocation<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"7675\">Discussions covered topics ranging from Fil+ design collaborations to KYC implementation and even smart contract designs in the near future. The community proposed two major changes to DataCap Pathways:&nbsp;<strong>programmatic notaries<\/strong>&nbsp;and&nbsp;<strong>increasing automation<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"d913\">Further read:&nbsp;<a href=\"https:\/\/medium.com\/cryptoeconlab\/is-filecoin-plus-essential-for-filecoin-45c193c9c46a\">Is Filecoin Plus essential for Filecoin?<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\" id=\"78f4\">Token2049 Singapore: Top 3 Takeaways<\/h1>\n\n\n\n<h2 class=\"wp-block-heading\">1. <strong>Scalability is at the top of everyone\u2019s mind<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"1732\">The crypto winter has brought back the focus to building web-scale applications that can onboard the next generation of users. However, the key challenge to mainstream adoption remains Scalability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"8b8b\">Juan Benet highlighted three separate but interconnected solutions \u2014 the&nbsp;<a href=\"https:\/\/fvm.filecoin.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">Filecoin Virtual Machine<\/a>,&nbsp;<a href=\"https:\/\/www.cod.cloud\/\" target=\"_blank\" rel=\"noreferrer noopener\">Compute over Data<\/a>, and&nbsp;<a href=\"https:\/\/fil.space\/\" target=\"_blank\" rel=\"noreferrer noopener\">Interplanetary Consensus<\/a>&nbsp;(IPC) \u2014 that the Filecoin network is building to enable web-scale applications. IPC &#8211; the protocol and software stack for creating a tree of subnets &#8211; will directly enable chains to handle billions, if not trillions of transactions per second.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"5026\">Likewise, several L1 and L2s showcased solutions that they believe will solve for scalability. Sandeep Nailwal, the co-founder of Polygon Labs, unveiled Polygon 2.0 to achieve infinite scalability (the ability to have unlimited websites, apps, software, and servers) similar to Web2 infrastructure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"4d92\">VCs were hopeful that Web3 would achieve the scale desired shortly. Lasse Clausen, Founding Partner at 1kx, in a panel on&nbsp;<a href=\"https:\/\/www.payment.token2049.com\/agenda\/session\/1195620\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Navigating the Web3 Venture Landscape<\/em><\/a>,<em>&nbsp;<\/em>said<em>,&nbsp;<\/em>\u201cNow for the first time (with account abstraction and Layer 3 solution) it makes sense for entrepreneurs to build consumer apps on cryptos. In the next few years, I expect many apps to be crypto-native.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1187\"><strong>2. RWA powering DeFi<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"8ab0\">Within the DeFi ecosystem, interest has been growing in Asset Tokenization &#8211; which involves representing ownership of Real-World Assets (RWA) as digital tokens on the blockchain. There was hardly any conversation at the conference on DeFi without mentioning RWA. RWA protocols have done well in 2023 with tokenized treasuries gaining significant traction despite much of the DeFi activity remaining sideways.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"140\" data-src=\"https:\/\/wp.filecointldr.io\/wp-content\/uploads\/2023\/09\/image.png\" alt=\"\" class=\"wp-image-1056 lazyload\" data-srcset=\"https:\/\/wp.filecointldr.io\/wp-content\/uploads\/2023\/09\/image.png 700w, https:\/\/wp.filecointldr.io\/wp-content\/uploads\/2023\/09\/image-300x60.png 300w\" data-sizes=\"auto, (max-width: 700px) 100vw, 700px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 700px; --smush-placeholder-aspect-ratio: 700\/140;\" \/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"140\" src=\"https:\/\/wp.filecointldr.io\/wp-content\/uploads\/2023\/09\/image.png\" alt=\"\" class=\"wp-image-1056\" srcset=\"https:\/\/wp.filecointldr.io\/wp-content\/uploads\/2023\/09\/image.png 700w, https:\/\/wp.filecointldr.io\/wp-content\/uploads\/2023\/09\/image-300x60.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/noscript><figcaption class=\"wp-element-caption\">RWA category TVL chart from Q3 2021 until August 2023. Image source:&nbsp;<a href=\"https:\/\/defillama.com\/categories\" target=\"_blank\" rel=\"noreferrer noopener\">DeFiLlama<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"88b1\">The exploration of RWA is bridging traditional financial markets with DeFi while unlocking new possibilities. RWA protocols have brought with it new necessities for DeFi.&nbsp;<a href=\"https:\/\/cointelegraph.com\/learn\/what-is-a-blockchain-oracle-and-how-does-it-work\" target=\"_blank\" rel=\"noreferrer noopener\">Blockchain oracles<\/a>, for example, have become an important cog in asset tokenization. They provide live data feeds (from real assets like gold and oil), which are used to price RWA-backed tokens on various platforms.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"cbda\"><strong>3. AI needs decentralized storage<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"4186\">As expected, several references were made at Token2049 on the role of crypto in an AI-driven era. Arthur Hayes likened AI to a new economic entity that could benefit from cryptocurrency serving as a means to facilitate transactions. He went a step further to explain why AI needed decentralized networks like Filecoin to provide computing power and data storage instead of centralized systems.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\" id=\"e8d5\">\u201cArtificial Intelligence, a dominant force in the crypto and tech sectors, necessitates decentralized storage. Relying on centralized solutions like Amazon means entrusting vast swathes of data to entities that can unilaterally alter terms, hike prices, or even shut down services\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"9953\">\u2014 Arthur Hayes, the co-founder of&nbsp;<a href=\"https:\/\/www.bitmex.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">BitMEX<\/a>.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"ff8d\">The panelists in a parallel discussion on Web3 and AI had interesting takes on Peter Thiel\u2019s famous quote from 2018 \u2014 \u201cAI is Communist. Crypto is Libertarian.\u201d While partially concurring with Peter\u2019s foresight,&nbsp;<a href=\"https:\/\/www.linkedin.com\/in\/vasileiostziokas\/\" target=\"_blank\" rel=\"noreferrer noopener\">Vassilis Tziokas<\/a>&nbsp;from Microsoft elucidated that AI has evolved to be top-down while crypto\u2019s ideal state is self-custody or self-autonomy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"cc29\">Read more:&nbsp;<a href=\"https:\/\/filecointldr.io\/article\/why-ai-needs-blockchain\" target=\"_blank\" rel=\"noreferrer noopener\">Why AI needs Blockchain<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"65b6\"><strong>Wrapping Up<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"fa7e\">The events were marked with strong attendance and a great deal of enthusiasm about the future. For the Filecoin ecosystem, the summit helped forge a stronger builders\u2019 community and set the stage for important protocol upgrades to come. Overall, the blockchain week in Singapore augured well for Web3\u2019s long-term growth and adoption.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"7f41\">If you missed Singapore and want to participate in shaping the Filecoin network, you can attend our future events:\u00a0<a href=\"https:\/\/fildev.io\/#iceland\" target=\"_blank\" rel=\"noreferrer noopener\">Iceland FIL Dev Summit<\/a>\u00a0(Sep 25\u201327),\u00a0<a href=\"https:\/\/fil-vegas.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">Fil Vegas<\/a>\u00a0(Oct 3\u20135), and\u00a0<a href=\"https:\/\/23.labweek.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">LabWeek23<\/a>\u00a0(Nov 13\u201317).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/mp.weixin.qq.com\/s?__biz=Mzg4MTExNjkyOQ==&amp;mid=2247487395&amp;idx=2&amp;sn=3339fae17038366c839a81639cb8946f&amp;chksm=cf6b9dcdf81c14db8dbdad6f0e9a6938d7ff357e906727e95822d9ae899accb95aa4e1955750&amp;token=2057143164&amp;lang=zh_CN#rd\">\ud83c\udde8\ud83c\uddf3Filecoin\u65b0\u52a0\u5761\u4e4b\u884c\u56de\u987e\uff1aFil\u5f00\u53d1\u8005\u5cf0\u4f1a &amp; Token2049<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"2338\"><em>Thank you to Takamasa Minami,&nbsp;<a href=\"https:\/\/medium.com\/u\/554e37481a46?source=post_page-----b22d1e43e751--------------------------------\" target=\"_blank\" rel=\"noreferrer noopener\">Savan Chokkalingam<\/a>, Pietrek Chan, and Isabella Bu for contributing. Shoutout to&nbsp;<a href=\"https:\/\/medium.com\/u\/81e7256900a1?source=post_page-----b22d1e43e751--------------------------------\" target=\"_blank\" rel=\"noreferrer noopener\">duckiehan<\/a>,&nbsp;<a href=\"https:\/\/medium.com\/u\/c14122a70c17?source=post_page-----b22d1e43e751--------------------------------\" target=\"_blank\" rel=\"noreferrer noopener\">Vik Kalghatgi<\/a>&nbsp;for shaping and reviewing this piece.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Filecoin TL;DR team was thrilled to be back in Singapore for Asia\u2019s much-awaited blockchain week. Read all about FIL Dev Summit and token2049.<\/p>\n","protected":false},"author":2,"featured_media":1058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1,30],"tags":[31,33,13,32],"class_list":["post-1053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-events","tag-events","tag-fildevsummit","tag-filecoin","tag-token2049"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.1 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Filecoin in Singapore: Dev Summit &amp; Token2049<\/title>\n<meta name=\"description\" content=\"A recap of Filecoin&#039;s presence at the FIL Dev Summit and Token2049 in Singapore.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wp.filecointldr.io\/en\/article\/filecoin-in-singapore-fil-dev-summit-amp-token2049-recap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Filecoin in Singapore: FIL Dev Summit &amp; 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