**The Growing Emphasis on Data Ownership in the Crypto Space**
Filecoin, a prominent name in the world of blockchain technology and decentralized storage, is gaining attention for its focus on data ownership. At Benzinga’s Future of Digital Assets event, the discussion panel highlighted the growing awareness of the importance of data ownership in the crypto space.
Rachel Green Horn, the head of Marketing and Communications at Filecoin Foundation, emphasized the internet’s vulnerability and the need for individuals to have control over their own data. She stated, “I think we’re at this moment where people recognize the value of having a greater ownership stake in their data and how they interact online.”
Horn pointed out that Filecoin incentivizes storage providers to actively participate in the network by offering them the opportunity to earn crypto as they store data. She highlighted that this approach aligns with the core principles of cryptocurrencies, aiming to empower users and decentralize control.
The market’s response to Filecoin’s commitment to data ownership and its innovative incentive model has been significant. The FIL native cryptocurrency is currently trading at $4.63, with a substantial gain of 7.2% over the past 24 hours. Over a seven-day period, FIL has surged by an impressive 16.7%, reflecting sustained enthusiasm in the market.
Filecoin’s commitment to data ownership not only plays a pivotal role in the project, but also represents the broader shift within the crypto space. As the public becomes more aware of the importance of controlling their digital footprint, projects like these are likely to continue gaining traction.
*Source: [Benzinga – The Hidden Risks of the Internet: Insights by Filecoin Executive](https://www.benzinga.com/markets/cryptocurrency/23/11/35651688/the-hidden-risks-of-the-internet-insights-by-filecoin-executive-were-at-this-moment-where)*
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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