Newtown Partners Set To Launch Filecoin Africa In Cape Town
Newtown Partners Set To Launch Filecoin Africa In Cape Town. Newtown Partners will host the Filecoin Africa Launch Party, the largest gathering of the Filecoin community in Africa to date, on 15 November 2022 at Cabo in Cape Town, South Africa. The event is free to attend and invite-only, but anyone can apply for an invite.
Filecoin is a decentralized storage network designed to store humanity’s most important information. The Filecoin network leverages IPFS, a peer-to-peer network for storing and sharing data, to create an incentive structure for more efficient, resilient, and secure storage – free from centralized control. The Filecoin network is set to revolutionize the global storage economy by allowing anyone to participate as a storage provider and store a user’s files. Additionally, the competitive marketplace allows storing data on the network at hyper-competitive prices.
Filecoin also incorporates provable security and authenticity. Content addressing and cryptographic storage proofs verify data is being stored correctly and securely over time. The amount of client data onboarded to the Filecoin network has increased ten times to over 270 pebibytes in 2022, and is growing at about 25% month-on-month. Clients storing data to Filecoin include traditional Web2 institutions with large datasets and growing Web3 applications such as web3.0 storage, which now stores 140 million uploads from 80,000 users.
“We’re huge fans of the work of the Filecoin Foundation and Protocol Labs teams to lead the creation of robust and cost-effective web3 infrastructure. We’d love to see the transformational Filecoin technology widely adopted across Africa. We’re excited to host this opportunity for meaningful information sharing, informal dialogue and good old fun between South African technology enthusiasts and the most respected international Filecoin community members and decentralized data storage experts out there,“ said Llew Claasen, Managing Partner at venture capital firm, Newtown Partners.
The Filecoin Africa Launch Party will be MC’d by radio personality and founder of Cape Town’s Innovation City, Kieno Kammies. In addition to hearing more about the Filecoin network, guests will enjoy an afternoon and evening of drinks, eats and networking with fellow African technology enthusiasts and revered Filecoin community members. The evening will also feature a magical Avatar-themed decor lightscape, a live and exclusive performance by acclaimed South African electronic band GoodLuck, an immersive openworld metaverse experience and a 360 degree camera to create your own 3D avatar NFT to take home with you.
