Irys Financing and Innovative Thoughts on Data Storage @irys_xyz Looking at Irys recently securing $10 million in Series A funding, I suddenly recalled my naive understanding of data storage when I first entered the industry. 1. Limitations of Traditional and Web3 Data Storage Back then, I thought data was just files stored on hard drives. It wasn't until I truly engaged with Web3 projects that I realized the value of data on the chain is far more than just "storage". Traditional blockchain data storage is outrageously expensive; storing a few GB of data on Ethereum could bankrupt you. While projects like Arweave solve the problem of permanent storage, the data is like dead assets locked in a safe—you can prove it exists, but you can't make it "come alive". 2. Irys's Innovation and Programmable Data Irys's approach opened my eyes: making data programmable. What does that mean? Imagine that every piece of data you store can carry a smart contract, automatically executing...
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