In the comments section of the recent articles, many readers have mentioned Filecoin and Arweave again.

Over the past few years, although I occasionally shared my views on these two projects, readers would still ask about them from time to time.

In the DePIN track, these two projects are currently the best-landed and continuously progressing projects. The decentralized storage sector they are in has always been considered an essential core component of the crypto world.

Among these two projects, the one I first got involved in was Filecoin. However, I completely cleared my position during the last bull market.

There are two main reasons for this:

First, after the project landed, I found that its functionality did not present a significant advantage over its biggest centralized competitors (various "cloud" services).

Second, while tracking the project, I felt that the project team's handling of certain technical issues was somewhat forced. This sense of being forced did not stem from the team's attitude, but rather seemed to be a result of the current limitations of technology or potential issues within the business model itself.

Therefore, I believe that if the project continues along this path, its future development may be worrisome, so I decisively divested from it.

After leaving Filecoin, I got involved in Arweave, and it has been the only decentralized storage project I have participated in since then.

The most appealing aspect of this project to me is that its "permanent storage" is unprecedented in previous storage solutions; it is the first project of its kind.

However, after getting involved, I found that its application and promotion are also very challenging. Although many projects (such as NFTs) use it to store data (such as images), and some centralized giants (such as Google) have closely collaborated with it, overall, the project's use cases remain very limited, and the market has not opened up.

Nevertheless, I have always believed that permanent storage is a necessity, and in this field, it is unique. Additionally, I have seen the team persisting over the years, so I chose to retain this project and make regular investments during the bear market.

Both Filecoin and Arweave have faced difficulties in their development over the years, but both teams have been continuously attempting to break through and innovate.

Filecoin's most significant move was the development of a virtual machine, allowing users to run smart contracts directly in its system and be compatible with Ethereum.

When I first saw this news a few years ago, I was quite disappointed. For such a large project, after holding back for so long, the only thing they came up with was such a conventional, outdated solution, which truly does not live up to the team's previous reputation and influence. It made me doubt whether the team's innovation capabilities had "run dry."

We already have countless EVMs, do we really need a new one? I even think that developing a new EVM is not as advantageous as entering the storage-focused modular blockchain like Celestia. In this aspect, it has more advantages than Celestia.

This year, I finally saw Arweave's innovative move: the team launched a comprehensive platform based on Arweave, called AO.

I previously shared some technical details about AO in a Twitter exchange in March. Overall, its envisioned framework is very extensive, and the functionalities it aims to achieve are very robust, theoretically making it a foundational platform for hosting AI applications.

However, if we delve into its whitepaper, we will find that there are many technical details that need to be discussed, and many implementation paths that need to be verified.

I even doubt whether the simple application of staking penalties to prevent certain types of nodes from misbehaving in AO is really applicable. If this approach can be applied so simply, DePIN and decentralized AI should have been implemented long ago.

In short, the future path of AO is equally extremely challenging.

However, overall, the logic behind the Arweave team's conception is closely related to existing business and is very compatible in terms of technical thinking, and this conception is very bold.

This innovation is much stronger than the virtual machine introduced by Filecoin.

Some readers have asked whether it is appropriate to switch from Filecoin to Arweave now.

I would consider this question in two steps:

First, should Filecoin be sold?

Second, should Arweave be bought?

If it were me, I would decisively take the first step and immediately divest from Filecoin.

However, whether the second step is appropriate depends on its price and potential space.

I checked the trend of Arweave, and from early February to now, it has increased fourfold, from $8 to the current $43. This price is less than twice the peak value of $83 in the previous bull market.

In this situation, how much potential return on investment can be expected from buying Arweave now? If it were me, I would not buy it at the moment.

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