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Protocol Labs - IT Press Tour #46 Oct. 2022

Protocol Labs - IT Press Tour #46 Oct. 2022

The IT Press Tour

October 10, 2022
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  1. About Protocol Labs 
 • Protocol Labs is building the

    next generation of the internet • Started in 2013 with IPFS and libp2p, two fundamental primitives of Web3 • Team is ~400 of the leading researchers, engineers, and ecosystem developers in Web3 • PL incubates, supports and collaborates with 100s of startups in the Web3 ecosystems • PL & Filecoin are supported by leading investors including Sequoia, a16z, Founders Fund, USV, BlueYard, Polychain, Y- Combinator, etc
  2. Internet Web 1.0 Web 2.0 Web 3.0 wires, network read-only

    static read-write interactive read-write-trust veri fi able Web3 Brings trust to internet interactions Including bringing verifiability to the underlying primitives of the cloud
  3. Today, Filecoin is the scalable data storage layer of Web3.

    But we’re making it the scalable data storage layer of the Web.
  4. The Filecoin Master Plan Step 1: build the world’s largest

    decentralized storage network Step 2: onboard & safeguard humanity’s data Step 3: bring compute to the data, to enable web-scale apps Filecoin
  5. ✅ Filecoin The Filecoin Master Plan Step 1: build the

    world’s largest decentralized storage network Step 2: onboard & safeguard humanity’s data Step 3: bring compute to the data, to enable web-scale apps
  6. Geographically, the SPs highest growing regions in Q2/Q3 are North

    America (+89%), Hong Kong (+42%), Singapore (+29%) and Korea (+28%) 15
  7. The # of Storage Providers taking Verified Deals has grown

    ~4x in 2022 16 •Deal Making SPs Grew from 120 -> 465 in 2022 •10% of total SPs now taking verified deals •Very significant opportunity to accelerate momentum
  8. Filecoin to become the Greenest Storage Network on the Planet

    18 • Filecoin is world’s most transparent major blockchain for electricity use, through it’s verifiable energy dashboard • In 2022, the Filecoin network has bought more than 1.8 TWh of renewable energy, enough to power over 160,000 houses for a year. • Filecoin Green Helps SPs Prove Their Sustainable Operations
  9. Filecoin 📈 ✅ The Filecoin Master Plan Step 1: build

    the world’s largest decentralized storage network Step 2: onboard & safeguard humanity’s data Step 3: bring compute to the data, to enable web-scale apps
  10. Massive Scale Data Onboarding in 2022 20 • Almost 230

    PiB of live data across 9M active deals! 😎 • Fast growth! from 9x - ed since the beginning of the year 📈 📈 📈 • 2.0-3.0 PiB onboarded per day. 🤩 • Largest decentralized storage network by far. 🌎 • More data than many public companies selling centralized storage. • Still ~16 EiB of capacity to fi ll with user data. 🤯
  11. The amount of data onboarded YTD has 9x’d 21 Data

    Onboarding Growth We see consistent 20% growth every month, driven primarily by verified deals Over 1,000 unique clients have uploaded data of which 12% have onboarded 100+ TiBs Our goal is to achieve 350 PiB of onboarded data by the end of 2022 We want the proportion of clients having onboarded over 100 TiB to be 20%
  12. Daily committed deals have reached 2-3 PiB per day 22

    Data Onboarding Growth 2-3 PiB / day in the last month
  13. onramps target speci fi c user segments FIL+ economic structure

    makes data incredibly cheap to store (<0.1% the cost of S3) Large scale data onboarding has been possible due to Onramps and FIL+
  14. The web3.storage & nft.storage platforms have 80K+ users storing 140M

    uploads since April 2021, growing at 30% MoM • 140M+ uploads, 80K+ users since NFT.Storage launch Apr. 2021 • 30% MoM growth in uploads in last year • 650+ TiB in Filecoin deals • Filecoin proof data stored on Filecoin via web3.storage (and providing 10B+ blocks on IPFS!) 24
  15. Filecoin Targets New Markets for Storage ~18.5 EiB capacity Horizon

    1: Web3 Dapps & New Business Models 2020-2022 Horizon 2: Web2 Data That Isn’t Stored Today 2022-2025
  16. Meaningful browser adoption starting with Brave 33 In 2022, Brave

    added Filecoin support to its wallet, enabling 56M+ users to use FIL natively in Brave
  17. Hackathons have onboarded 7,000 Builders and 2800+ project submissions building

    on Filecoin & IPFS Onboarded 30k+ people via hackathons this year alone Received 2,800+ submissions from 7k+ builders since inception of program Aiming to reach more than 3,000 submissions this year 34 Source: Filecoin/IPFS hackathons submission tracker 
 * Includes only completed hackathons ; ongoing not mentioned 
 ** Includes participants that were exposed to our tech, but opted to submit for non-IPFS/Filecoin tracks
  18. Filecoin 📈 ✅ The Filecoin Master Plan Step 1: build

    the world’s largest decentralized storage network Step 2: onboard & safeguard humanity’s data Step 3: bring compute to the data, to enable web-scale apps 🛠
  19. Startups building on the Filecoin Smart Contracts Smart Contracts launch

    enables: • Perpetual storage, auto- renewing deals, self-healing • Programable data, enabling new business models • Ethereum Virtual Machine compatibility & portability • Much much more 41
  20. FHE MPC ZKP Optimistic VFHE TEE Consensus Centralized Cloud Privacy

    Veri fi ability Performance Filecoin L1 L2 L2 L2 L2 - Filecoin (L1) will be an excellent home for decentralized computation networks (L2s) Filecoin as an L1 for Compute Networks
  21. Key Properties ⛓ • Internet Scale: 1 GTps —> 1

    TTps • Fast Local Finality: 1ms dc. <0.1s city. <3s earth • Secure Global Finality: safe against nation state attackers • Market Tunable: parameters meet app requirements • Horizontal Scalability: scaling to meet demand • Partition Tolerance: support nations, & mission-critical apps • Censorship Resistance: encrypted/CTR txns • VM Independence: separate linearizability from VM execution Next Gen Scalability: Consensus Breakthroughs Moving from 100s of tx per sec, to billions of tx / sec (or more)
  22. Filecoin 📈 ✅ The Filecoin Master Plan Step 1: build

    the world’s largest decentralized storage network Step 2: onboard & safeguard humanity’s data Step 3: bring compute to the data, to enable web-scale apps 🛠
  23. Filecoin is the scalable data storage layer of Web3. But

    we’re making it the scalable data storage layer of the Web.