Filecoin developers have just activated an update that allows users to deploy smart contracts on the project's mainnet.
The platform now supports EVM, allowing users to run applications from the Ethereum ecosystem on the blockchain.
The execution of smart contracts has been made possible thanks to the implementation of the Filecoin Virtual Machine (FVM) computing environment. According to the developers, several projects and companies have already announced integration with FVM, including ShushiSwap and Ankr.
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According to the statement:
"The launch of FVM solidifies Filecoin’s position as the Layer-1 blockchain uniquely poised to power an open data economy. Many leading web3 projects have announced plans to use, support, or integrate with FVM to upgrade their services. The FVM not only brings closer a more resilient, accessible and decentralized cloud, but also opportunities to own and reward individual contributions to the data economy in previously unimaginable ways for the many thousands of developers, storage providers, entrepreneurs and other network participants from all over the world."
FVM is EVM-compatible, allowing applications from the Ethereum ecosystem to run on the blockchain. In the future, the platform will be able to interact with other virtual machines.