Protocol Labs builds systems and tools that improve how the internet works, focusing on data storage, location, and movement; as such, Protocol Labs is a research and development lab for network protocols.
Open source nowadays is the in-thing in the technological scene. As a builder of software that solves computational challenges, Protocol Labs made their source code public, in order that it may be continually updated into better versions by the developers community.
Through the IPFS system, which is based on git, bittorent, and bitcoin, the web is going to become faster, safer, decentralized and permanent.
Filecoin is a blockchain e-currency. You can earn Filecoin by providing data storage services or acting as a miner and can spend it online or convert it into a currency of your choice.