Filecoin, the decentralized data storage protocol, has announced plans to evolve into an on-chain cloud service. The announcement was made on November 8, 2025, alongside the launch of a new official website and the opening of a waitlist for interested users. This strategic shift marks a significant expansion of Filecoin's capabilities beyond its original storage network function. Following the announcement, Filecoin's market performance has been remarkable, with its value surging nearly 110% over the past two days. This surge reflects strong market confidence in Filecoin's new direction and potential growth in the cloud service sector.