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Fri, 09 Apr 2021
Filecoin Foundation Donates $10 Million Worth Of Filecoin To Internet Archive
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Some really fantastic news if you believe in (1) the wonderful work the Internet Archive does and (2) the future of a more decentralized internet (and, for what it's worth, you should believe in both of those things). The Filecoin Foundation has donated 50,000 FIL to the Internet Archive. This is approximately $10 million worth of Filecoin, which represents the largest single donation to the organization. Obviously, by the amount alone, this is a big deal and hugely important for an Internet Archive that is currently facing an existential legal attack by publishers who hate the very idea of libraries.But it's doubly interesting, because Filecoin, from Protocol Labs, is a key component that many are hoping will empower a new more distributed web. And it appears that the Internet Archive is looking to take advantage of this aspect as well (as it should):Holy Crow! This is a big deal, said Brewster Kahle, the Internet Archive's founder. And what are we going to do with it? We're going to invest it in making the Internet Archive more decentralized, so that our digital history is available from thousands of computers, not just a few. The idea is to make a robust and private Internet that has a history that will persist over decades and maybe centuries. This is amazing news and exciting for both the future of the Internet Archive and a more distributed internet, not under the control of any single big internet giant.
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posted at: 12:00am on 09-Apr-2021
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home << Policy << auto filecoin foundation donates 10 million worth of filecoin to internet archive
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