Tagged: arweave

RedStone Finalizes $7M Seed Round from Lemniscap, Blockchain Capital, Coinbase Ventures, Others

The team at RedStone is pleased to announce that in August 2022, they successfully raised a $7M seed round led by Lemniscap in order “to pursue [their] mission of powering Web3 innovation with a novel approach to on-chain data storage.” The funds will play a… Read More

Web3 Storage Set for Steady Growth, According to Huobi Research Institute

With worldwide demand for storage set to increase exponentially, users of both personal and enterprise storage will likely “look toward Web3 storage technologies to fulfil their needs, particularly as data privacy concerns escalate, signaling a shift away from centralized storage providers.” This trend, in addition… Read More

Arweave Enhances “Decentralized” Data Storage Capabilities via Avalanche

Arweave, a “decentralized” solution for archiving data using a blockchain-like “blockweave” and a proof-of-access consensus mechanism, has expanded to Avalanche. Now, Avalanche users can “utilize Arweave to store records, files, metadata, and other data.” Arweave strives “to store data cheaply and immutably for at least… Read More

ArDrive, a Permanent Storage App Built on Arweave, Acquires $17.2M via Seed Round

We all realize that the world right now is in a bit of a shaky place due to the circumstances in Ukraine. In this uncertain socio-economic environment, the developers at ArDrive, a permanent storage app built on Arweave, recently announced a $17.2M seed round led… Read More

Digital Assets: Anchor Protocol, Arweave, Stellar USDC Stablecoin Now Tradable via Okcoin

Digital assets platform Okcoin is the first US regulated crypto-asset exchange to provide stablecoin USDC on top of Stellar. You may now deposit, withdraw, and trade Stellar USDC against US dollars via Okcoin. This offer is for all Okcoin clients “except for residents of the… Read More

Arweave Storage Now Natively Available in Polygon

Interoperability is an increasingly vital topic within the blockchain and distributed ledger tech (DLT) sector, as it continues to expand the possible functionalities that DLT networks can provide to their respective ecosystems once they’re well-connected. Permanent and scalable storage via Arweave is one such functionality… Read More

Blockchain Startup Arweave, a Permanent Storage Solution Provider, Reports Handling Over 1 Million Transactions in March 2021

Arweave, which aims to offer a “novel” data storage blockchain protocol enabling “a permanent serverless web and creating truly permanent data storage for the first time,” has released its Q1 2021 Ecosystem Update, titled, NFTs, The Guardian, a new web wallet, new gateway (& much… Read More

Blockchain Startup Arweave, a Permanent Storage Solution Provider, Secures $8.3 Million in Funding from Andreessen Horowitz, Coinbase Ventures, Others

Blockchain startup Arweave, a firm focused on enabling the permanent storage of Internet-based content, has secured $8.3 million in funding from giant VC firm Andreessen Horowitz, Coinbase Ventures, and Union Square Ventures.  Andreessen Horowitz and Union Square Ventures have also invested in the firm’s operations… Read More

Andreessen Horowitz, Multicoin Capital, Union Square Ventures Lead Arweave’s $5 Million Investment Round

Silicon Valley-based venture capital firm Andreessen Horowitz recently led a $5 million investment round for Arweave, a blockchain firm that’s developing permanent online data storage solutions. On November 5, the developers of Arweave revealed that they had managed to receive investments from world-leading funds in… Read More

Monero Collaborates With Arweave to Validate Cryptocurrency Proof-of-Work Algorithm “RandomX”

Cryptocurrency Monero announced on Tuesday it has partnered with Arweave to validate the new cryptocurrency proof-of-work algorithm, RandomX. According to Monero, RandomX promotes fair cryptocurrency mining on standard computer hardware, resisting the use of Application Specific Integrated Circuits (ASICs). “RandomX fights the use of ASICs…. Read More

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