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- O3 offers smart contract-based access control with S3 familiarity, powered by Filecoin’s transparent and decentralized storage infrastructure.
- Filecoin’s growing ecosystem now includes fast data delivery, cross-chain bridges, and active smart contracts beyond simple data storage.
If companies are usually used to storing data in the cloud like Amazon’s S3, now there is an interesting offer from the blockchain world. Akave Network has launched a new infrastructure called O3, which can be said to be similar in function to S3, but with a much more transparent and flexible approach.
They use Filecoin as the main storage foundation—and this is not just ordinary storage. In it, access control can be set using smart contracts, data read-write speeds remain optimal, and governance is open.
.@akavenetwork is building the infrastructure to move enterprise data on-chain. O3 combines the familiarity of S3 with verifiable access controls, performance, and transparent governance, all backed by Filecoin’s decentralized storage layer. pic.twitter.com/JWqVl4SHXV
— Filecoin (@Filecoin) June 15, 2025
Not only that, O3 also supports systems such as PublicAccessBlock and Access Control List (ACL) based on smart contracts. This feature is quite important for companies that want to know exactly who has access rights to certain data.
The difference with traditional storage is that all of these rules can be seen and verified directly on the blockchain. So, for example, if you work in a company that stores sensitive documents—say annual financial reports—you can be sure that only the CFO can access the file and not the casual employees in the marketing department.
Faster Data, Smarter Bridges: Filecoin Levels Up
On the other hand, Filecoin is also speeding up strengthening the performance of its infrastructure. As we have reported, they recently launched FilCDN, a fast data delivery system based on PDP (Proof of Data Possession) technology. They want access to data to no longer be complicated, slow, or require opening additional infrastructure first.
With this technology, data can be sent directly from Filecoin storage to end users without unsealing delays. Those who store data can get paid, while those who use data can immediately enjoy high speeds.
Furthermore, on May 27, the Filecoin Foundation collaborated with Ava Labs to create a cross-chain data bridge from Avalanche C-Chain to Filecoin. This prototype allows data to be transferred via smart contracts with integrity proofs such as CID commitments and retrieval proofs.
You could say, this is a kind of toll road between two different blockchains in the world, but it is still safe and verifiable. For companies that like multi-chain systems, this is a jackpot.
Not Just Saving Files, This Chain Is Getting Seriously Busy
If you think the Filecoin ecosystem is just about saving, you are wrong. In mid-May, a report from Messari noted that more than 5,000 unique smart contracts were active on the Filecoin Virtual Machine (FVM), with a total of 3.2 million transactions by the end of the first quarter of 2025 alone.
New projects are also arriving. For example, there are Aethir and KiteAI in the AI sector, as well as support for the Cardano network via Blockfrost. So, not only storage, but also smart contract activity is getting busier.
The DeFi program is also growing. There is a FIL-collateralized stablecoin called USDFC, and a public funding mechanism called FIL‑RetroPGF. Coupled with the Fil+ program, this ecosystem is increasingly open to developers who need transparency and initial funding.
Meanwhile, as of the writing time, FIL is trading at about $2.49, up 2.77% over the last 24 hours, driving its market cap to surpass the $1.65 billion mark.