 We're pleased to welcome Sylvan Zhang. Sylvan is product and operations lead at Starboard working on various product research and development projects in the areas of network governance, Web3 service marketplaces and creative user engagement. Today, Sylvan will be charting a course through new frontiers in Web3 with Filecoin EVM. Welcome, Sylvan. Hi. How's everyone doing? Can you guys see my screen? We can now, yes. Hello, everyone. I hope that all of you guys are doing well and enjoying your time in Amsterdam. My name is Sylvan and I work at Starboard on products and also operations. I'm really honored to be here, although not physically, but I hope you guys can feel my spirits. Today, I will be talking about why Filecoin is an important building block of Web3 and also what new opportunities will be unlocked when you combine the provable storage of Filecoin with the programmability of EVM. Before we get started, let me just quickly introduce Starboard a little bit, who we are, what we do, and what are our goals. Basically, we are a main contributor to the Filecoin ecosystem focusing on network analytics and also application design. The reason we're doing this is that we found the Filecoin network to be highly sophisticated. I mean, it's sophisticated enough for 11 speakers to talk about various topics without any repetition. But this level of sophistication brings many challenges to the ecosystem and also to all its participants, like storage providers, clients, and investors in terms of understanding Filecoin and also participating in this unique Web3 data economy. And that's why we aim to provide analytic solutions and also product development to drive network understanding and adoptions. And for the analytics part, I think my colleague Edward had a great talk this afternoon and basically our approach is to build data analytics infrastructures and to help people understand what's happening. And for the product part, we're trying to build like intuitive products to help people use the Filecoin blockchain, whether it's making search deals, calculating service economics, or participating in a creative data storage experience. So, we have been working in the Filecoin ecosystem for quite some time and what do we find? First, Filecoin is enormous. It has around 16 exabytes of storage capacity available. To put that into perspective, the recording of my talk of this talk is 16 exabytes. It means that this talk will last about 3.8 million years, but I mean, it's okay. I promise I won't keep you guys that long. And also, there are around like 72 petabytes of real data stored on Filecoin from over 3 million storage deals. And according to the stats from NFT.storage, there are over 58.2 million NFT objects stored on Filecoin. And in terms of assets, and this is the part that people usually didn't pay too much attention to, in terms of asset, there are currently 130 million Filecoin locked with the network, which is equivalent to around $2.6 billion in total value locked. And also, Filecoin has one of the most vibrant developer ecosystem in Web3. I mean, there are fabulous teams working on all kinds of use cases, all kinds of infrastructures, tooling, and also like different programs. And so far, many has considered Filecoin as the storage layer for Web3. And the current major use cases include providing storage to NFTs and also Web3 use cases, providing storage to like Web3, to Web2 data sets, or like providing permanent storage and also to a metaverse gaming audio and video. However, we think that this is just the beginning. When smart contract programmability are combined with provable storage on Filecoin, there are a lot of value and potential to be unlocked. So think of the storage and retrieval capabilities on Filecoin as the layer zero, and it's already a super valuable stack to Web3, but it's insufficient for developers who want to build more complex applications through programmable smart contracts. And now let's go to the layer one of the smart contract programmability, which is the key to the success of Ethereum. Currently, Filecoin does not have this kind of user-defined smart contracts. So in order to access programmability, developers use bridges to other programmable blockchains. I mean, I've presented a few, like for example, like Ethereum and also Neer, are some of the more commonly used blockchains for programmabilities on Filecoin. The Filecoin team is working very hard to bring general programmability to Filecoin, and there have been tremendous progress with the development of the Filecoin virtual machine, or the FVN. So the FVN is the Watson-based polyglot execution environment. It's designed to support both native Filecoin actors between languages that compile to Watson, and also foreign runtimes such as EVM. So it means that Filecoin will bring together smart contracts and also provable storage on one network. I'm just so excited to talk about what opportunities that FVN will unlock. So a very obvious opportunity will be in the NFT space. I would like to share an article I read a while ago. This author makes a joke about the current NFT structure, where the storage of the NFT metadata is not verifiable. So it's pretty funny. It's like a really funny thought experiment, but consider that billions of dollars of NFTs are actually traded every day. I think maybe it's worth some attention. And a great opportunity is to create NFTs with verifiable metadata, and it's enabled by decentralized storage and also smart contracts. So you will never find a stranger-looking emoji in your wallet after spending significant money on an NFT. Another thing that FVN can enable is content-first NFT. So it's actually quite bizarre to me that people don't actually care about the content of the NFT, but we believe that there's tremendous value in the content as well going forward. So just want to briefly mention NFT storage is a wonderful tool for people to store their NFT with like Filecoin. And then we're pretty sure that with the programmability and also like capability of the FVN, there will be even more use cases and more popular use cases with the powerful proof of storage on Filecoin. And so earlier I mentioned that there are actually people, a lot of people often ignore that there are just so much assets that was committed to the Filecoin network, which I think that another opportunity that lies ahead is DeFi with Filecoin. And as previously mentioned, there are over 130 million Filecoin logs with the network. And if we are comparing to some of the DeFi projects, a $2.6 billion TVL will actually rank Filecoin eighth among all DeFi projects. And what's more important is that according to our data, we found that there are actually over 1 million file in demand for token collateral every week. And also the annualized on-chain field-to-field return can be as high as like 90%, which I think is a great opportunity for a staking protocol that can leverage this fantastic high field-to-field return and then generates like a really attractive yield over those on the other blockchain networks, which are normally on like low double digits, like 15%, 20%, right? And another opportunity is data dows. I feel like many of the speakers have already addressed on this topic. So I just want to bring some different perspectives as well. So we often hear people saying that data is the most important and also most valuable assets in the 21st century. So creating a dow around data assets would seem, I would say, it seems like very reasonable. And like from my perspective, I think there are generally three kinds of value in data. One is the value in evidence and record. The second is the value in information. And also the third is the value in derived insights from like, for example, like machine learning or computation over data, et cetera. So there could be like various forms of data dows holding that data assets that generate different values. For example, on the evidence and records, you can have like data dows that aim to preserve records for the internet, or maybe just making sure a meme will last forever, like for centuries, right? That would be pretty cool. And for the value in information, like a pay per view, a pay per download, a business model can work well with like articles, movies, music, right? Think of a dow that hosts the rise to like some articles or some movies, and then you have this kind of like a pay per view or pay per download mechanism. This dow can run itself as well, right? Because it's generating value. And also like for derived insights, user can pay to compute over data asset on by a data dow, right? This can be a very common use case for machine learning and also like deep learning. So I just want to bring an example as the ocean protocol. I think it's not on FEM, but it is a data market on top of the leverage, the storage of Falkling. And basically what they do is to create, they create and also use data tokens to publish and also consume data services, right? So this can be a very good example for some of the data dow explorations or like data asset marketplace explorations for FEM. And also just to add on like what Deep just introduced about Falkling Plus, which is a great incentive program to use for storage on Falkling. And it gives storage providers 10x block rewards and can significantly improve their service economics. So with the help of FEM and also like Falkling Plus, we can actually create a store to earn experience to encourage users to store useful data on Falkling and have storage providers speak to store them, right? So it actually makes a lot of sense because by adopting the Falkling Plus program, the storage providers will have like a higher ROI, a higher storage returns. And then they are more than willing to actually take a share of that to bid for more volumes of data caps or more volumes of like useful storage. And this actually also creates incentives for clients to migrate the data or to actually store their data with Falkling. So this actually can be a very unique use case and also like a unique experience for Falkling as it can never happen with like Web 2 storage providers. And there are many more ideas and opportunities that will be enabled by FEM, including perpetual storage, reputation matrix, storage bounties, retrieval markets and so on. And for the interest of time, I would just provide some context but not discuss them in details. So what is Starboard doing or what is Starboard exploring with FEM? We're actually exploring a few different use cases that can potentially leverage the capabilities that FEM brings. For example, we're trying to explore the store to earn experience. The slide I showed earlier on the right, this is actually a product exploration from the Starboard team. So basically we're trying to build an auction style platform for people to actually put their valuable or like put their useful data on this platform for storage provider to store them. So this is like a prototype of a store to earn experience. And if FEM comes online, a lot of that logic can happen on chain with the programmability of smart contracts. And also another thing, because we believe like we are like working a lot with data analytics and there will definitely be a lot of new metrics and a lot of new data fields that we can analyze and then provide insights on them. So in one area we're also working on as FEM data analytics. Reputation metrics, this is also very important. We have a reputation dashboard for probably storage providers that provides contacts for when people want to, for example, make a landing deal to a minor to a storage provider or making a storage deal to a storage provider. You need a lot of contacts. It's just like you are making a deal with like Airbnb hosts and then you want to see their track records. And also we're exploring like defile landing, right? So that could be a very interesting use case as well. And we're also hiring. We're hiring smart contract engineers, blockchain engineers, data scientists, researchers, product managers. So if you're interested in writing on this amazing journey, please feel free to reach out to us. We can also discuss more opportunities that FEM will bring as well. All right, that concludes my presentation. I hope you'll like it. I hope I have provided some useful information. Thank you. Great. Thanks, Sylvan, for that data-based view into the possibilities inherent in the Filecoin Network. We have time for a few questions to Sylvan. A lot of data. I know you have to take time to come up with a good... Thank you.