File storage is an interesting blockchain use case, even if it is less glamorous than the world of DeFi. However, I believe it has significant potential once mainstream adoption of the technology is achieved.
Filecoin stands out as a leading player in the file storage sector. It conducted a highly successful ICO in 2017 and has diligently worked on protocol development for the last couple of years, leveraging innovative technologies like IPFS and ibp2p. The project has also got support from prominent VC funds and boasts a strong team.
However the challenges lie in persuading users to transition from centralized systems, which offer convenient services like Google Drive and Amazon Web Services which will be a big ask at this point in time, not to say it can't happen in the future. Show Less
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