> For the complete documentation index, see [llms.txt](https://hash-mix.gitbook.io/cryptyfoundation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hash-mix.gitbook.io/cryptyfoundation/block-1.-bitcoin-and-other-blockchains/filecoin-blockchain.md).

# Filecoin blockchain

Filecoin is an eagerly anticipated decentralized storage solution. In 2017, Filecoin’s initial coin offering became one of the largest token sale in history, collecting $257 million in contributions.

![](https://miro.medium.com/max/1400/1*oBjibKZmCp-tdYEM_lU7ug.png)

In addition to the record-breaking ICO, Filecoin also received investment from top venture capitalists in Silicon Valley. This magnitude and mix of funding, combined with the team’s experience, give this project a level of legitimacy rarely seen in the crypto industry.

This article will explore whether the project warrants the hype it has received.