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Filecoin Foundation Grants 50,000 FIL to the Internet Archive

Amidst the speculative boom for NFTs and crypto-currencies, one decentralized technology foundation is taking the long view by investing in deep history and the far future. 

Today, the Filecoin Foundation announced a 50,000 FIL grant to the Internet Archive – the largest single donation in the digital library’s 25-year history. 

“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.”

Filecoin is a decentralized storage system designed to preserve humanity’s most important information. The creators of Filecoin envisioned an independent foundation that would serve as the long-term governance body for the Filecoin ecosystem. In awarding the grant to the Internet Archive, Filecoin Foundation board chair, Marta Belcher, stressed the two organizations’ “common goal of preserving the web and fostering its future.”

It was back in 2015 that Protocol Labs‘ founder, Juan Benet, first visited the Internet Archive, to share his vision for an academic conference dedicated to preserving “humanity’s greatest treasures using decentralized storage.” Building on these conversations, the Internet Archive organized the  Decentralized Web Summit in 2016 in San Francisco, the first gathering of its kind. Back then, a decentralized web was mostly a concept, with little working code.

Decentralized technologists, Trent McConaghy of Ocean and Juan Benet of Protocol Labs at the 2016 Decentralized Web Summit at the Internet Archive in San Francisco.

Since 2016, the Internet Archive has worked with several decentralized tech startups to create a decentralized prototype of the digital library. And when the Fil...

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