When it comes to FIL, many holders may still feel anxious: the once promising storage track has left people disheartened due to reduced returns and low asset liquidity. However, recently, signs of a comeback for FIL are quietly emerging — and the key to all this lies in the newly launched FVM (Filecoin Virtual Machine).

As the 'smart contract engine' of Filecoin, the emergence of FVM has completely changed the rules of the game. In the past, Filecoin was merely a decentralized storage network, limited to data storage; but after FVM gave it smart contract capabilities, it instantly upgraded into an ecological platform capable of supporting complex applications, just like installing an app store on a phone, allowing developers to build various on-chain tools.