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PRESS RELEASE

Published April 19, 2023

HONG KONG, CHINA / ACCESSWIRE / April 19, 2023 / MFIL DAO, the First decentralized & FVM-based liquidity solution for Filecoin network, was invited to participate the Web3 Festival Hong Kong and joined the Filecoin DeStor HK on 15th April. It is a significant gathering of tech leaders, entrepreneurs, and officials from financial, regulatory and research areas. They are all seeking to explore the latest trends in Web3 and blockchain technology. As the Filecoin is one of the most important infrastructure of the Web3, this event is also an great opportunity for Filecoin to share their knowledge and vision for the future of the Filecoin ecosystem.

The event, held from April 13th to 16th, featured keynote speeches, panel discussions, and workshops that covered a range of topics, from decentralized finance to Web3 infrastructure. With attendees from around the world, Web3 Hong Kong was a vibrant and diverse gathering of innovators and tech leaders in the blockchain space.

As a part of the Web3 Festival Hong Kong, Filecoin DeStor HK focused specifically on the Filecoin network and its potential for decentralized storage. The event aimed to show the grand vision and opportunities that the Filecoin network offers to developers, entrepreneurs, and investors. MFIL DAO's core community ambassador, Steve also gave a speech and joined the panel discussion.

In his speech, Steve discussed the synergy between Filecoin and Web3, highlighting the opportunities for innovation and growth in the industry. He noted that Filecoin's decentralized storage technology is a fundemental component of Web3 infrastructure, enabling developers to build decentralized applications that are secure, scalable, and accessible to all. He also emphasized that the FVM will greatly release the potential of Filecoin network because many decentralized applications is building or will be built on Filecoin.

His speech also mentioned that with the growing of the Filecoin netwrok, it will bear enormous amount of valuable data and asset. Thus it is crucial to connect all service providers together with users and FIL holders to make the ecosystem growing healthily. MFIL DAO is born to serve this goal. On one hand, MFIL DAO's smart contracts minimize the asymmetric information within the Filecoin ecosystem, while maximize the information and asset liquidity over the network. On the other hand, operating as a DAO means that all participants in MFIL DAO is connected and encouraged by a transparent and fair governance mechanism and their interest is protect by the smart contract instead of by few people's will. Therefore, the MFIL DAO can reduce the conflict of interest between different parties and to achieve a greater goal comparing with the centralized company or project.

MFIL DAO's participation in Hongkong Web3 Festival and Filecoin DeSror HK was a significant moment for the organization, highlighting its commitment to promoting the adoption of decentralized technologies and supporting innovation in the blockchain industry. During the event days, the MFIL DAO team had a series in-depth conversation with Protocal Labs teamsHK government officials and public companies to explore further corporation of utilizing decentralized storage and the Filecoin network. These events will play an essential role in fostering innovation and driving adoption of these transformative technologies.

About MFIL DAO:

MFIL DAO is the world's first decentralized FVM-based liquidity solution for Filecoin network. It provides a complete set of smart contract enabling users to gain liquidity and add value to their asset by staking MFIL is established and operated in the way of decentralized autonomous organization ("DAO") and involved many participants such as: Storage Providers, FIL holders, Developers, CEX/DEX, financial institutions, legal & auditing firms, etc.

MFIL DAO is committed to breaking the existing problems of asymmetric information, inefficient resource allocation, and poor asset liquidity, and providing liquidity solutions that maximize value for all participants in the entire Filecoin ecosystem.

Website: https://mfil.modchain.io

Twitter: https://twitter.com/MFILDAO

Medium: https://medium.com/@mfildao

Discord: https://discord.gg/mfildao

Email: [emailprotected]

Contact Name: Richard Li

Email: [emailprotected]

SOURCE: MFIL DAO

View source version on accesswire.com: https://www.accesswire.com/750084/MFIL-DAOs-Role-in-Shaping-the-Future-of-Web3-with-Filecoin

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MFIL DAO's Role in Shaping the Future of Web3 with Filecoin - Digital Journal