Glif, a liquid leasing protocol for Filecoin holders and storage providers, has raised $4.5 million in a seed funding round.

Multicoin Capital led the round, with Zee Prime Capital, Fintech Collective, Big Brain Holdings, Protocol Labs and other investors participating, Glif said Tuesday. This is Multicoin's first deal in the Filecoin ecosystem, a spokesperson for the crypto venture capital firm told The Block.

Glif closed the round last November; it was structured as a simple agreement for future equity (SAFE) with token warrants, founder and CEO Jonathan Schwartz told The Block, declining to comment on valuation.

What is Glif?

Glif is currently the largest protocol in the Filecoin ecosystem, with a total value locked of over $139 million, according to Filfox data. Glif enables …