The Filecoin Network announced its partnership with ETHGlobal, a team dedicated to growing the Ethereum ecosystem, in a Twitter post on Wednesday. Following this partnership, Filecoin has now become a major sponsor of ETHGlobal’s upcoming BuildQuest hackathon set to take place from March 4-12, 2022.

Filecoin is a decentralized storage network that serves as an incentivization layer on top of the InterPlanetary File System (IPFS). FIL has dipped by 0.1% over the past 24 hours and is currently trading at $20.69.