To provide an execution environment for running the Ethereum [ETH] Virtual Machine (EVM)-compatible smart contracts on its network, leading decentralized storage network Filecoin [FIL] finally launched its Filecoin Virtual Machine [FVM] on the mainnet on 14 March.

Read Filecoin’s [FIL] Price Prediction 2023-24 The launch of the FVM formed the final step of Filecoin’s Masterplan to bring large-scale computation and the ability to power web-scale apps to the decentralized storage network.

According to the press release, the Filecoin Virtual Machine will provide similar abilities to Ethereum, allowing for the development and deployment of decentralized applications and the ability to connect with other blockchains.

Following the launch of the FVM, leading cryptocurrency exchange OKX announced the integration of its web3 wallet with the upgrade.

FIL sees increased interest as Filecoin launches virtual machine, details inside

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