Filecoin Foundation Announces 50,000 FIL Donation to Big Library Internet Archive

The Filecoin Foundation, an independent organization designed to govern the Filecoin ecosystem and promote the growth of the decentralized web, announces a 50,000 FIL donation to the Internet Archive, one of the largest libraries in the world.

This unrestricted grant is designed to advance the work of the Internet Archive, whose mission is to provide universal access to all knowledge.

The Internet Archive runs dozens of projects, including: the Wayback Machine, a free, digital lending library of over 4.6 million eBooks; Software Collections, designed to preserve and provide access to rare or difficult to find software titles that enable gamers to play them through emulation; and Community Webs, which trains, supports, and provides web archiving resources to public librarians at institutions across USA and Canada.

It also hosts the Filecoin Archives, a community-led project to curate, disseminate and preserve important open access to information often at risk of being lost.

The Filecoin Foundation’s contribution to the Internet Archive will advance the mission of both organizations to preserve humanity’s most valuable information and improve access to information online.

“The Filecoin Foundation team is honored to work alongside the Internet Archive to advance our common goal of preserving the web and fostering its future,” said Marta Belcher, board chair, Filecoin Foundation.

“Libraries have always used the technology of the day, whether it’s cuneiform back in Sumerian Babylonian times, or papyrus paper, or microfilm. Today, the Internet Archive is built on HDDs. Our hope is that new technologies like Filecoin will revolutionize the storage market and decentralize it. We are thrilled to collaborate with an organization that shares a like-minded approach,” said Brewster Kahle, founder and digital librarian, Internet Archive.

In addition to this grant, Kahle and Wendy Hanamura, director of partnerships at the Internet Archive, have joined the boards of advisors for the Filecoin Foundation, as well as the Filecoin Foundation for the Decentralized Web, a non-profit organization dedicated to promoting the growth of the decentralized web and Web3 protocols. 

The Filecoin Foundation’s donation will help bolster the online library of the Internet Archive by increasing access to books, data, web pages, music, television, software, and more. It selected the Internet Archive due to its commitment to support programs that have the potential to change the landscape of knowledge, storage, and access, especially in communities that have precious histories and stories that need to be archived for future generations.