Decentralized storage mechanism protocol Filecoin has launched on the mainnet, according to an official announcement made on October 15.

• Filecoin transitioned to the mainnet at block 148,888, following 3 years of development
• The team says that the project is now is a “quiet post-launch” period where the network will be monitored to ensure smooth operations
• To celebrate the launch, the Filecoin team will be organizing a week of panel discussions, talks and workshops curated by the web3 community
• Several projects are building decentralized storage solutions, which offers safer and cheaper access data storage solutions, while letting users profit from renting out storage space; additionally, Filecoin also provides content distribution solutions
• Filecoin was first launched in 2017, with its ICO raising $200 million; the FIL token is up 106% over the past 24 hours and is price at $63.44 at the time of publishing