According to TechFlow, the Filecoin Virtual Machine (FVM) was successfully launched at 11:14 pm Beijing time on March 14. The Filecoin blockchain can now support smart contracts and user programmability through FVM. Through FVM, developers can deploy smart contracts and plan data storage, governance, and monetization in the open market.

The release of FVM is the final step in Filecoin's main plan. Juan Benet, founder of Protocol Labs, said, "FVM is a major step forward for blockchain and Web3, enabling developers to create new applications and empowering the huge potential of smart contracts to large-scale data." Source link