Filecoin Overhauls Reward Mechanism, Ends Genesis Vesting, Launches AI Agent Storage Product

Filecoin's pivot is a bet that demand-side revenue, not consensus mining, should determine network rewards — a structural shift for a chain long reliant on storage-provider incentives. The end of genesis vesting tightens circulating supply at the same time rewards are reweighted toward paying customers, so the two changes compound: less issuance, but also less subsidy for providers who never attracted real usage. The open question is whether enterprise and AI-agent storage demand is deep enough to replace the mining economics being phased down, or whether the network simply shrinks its incentive base.