Arweave (AR)

 Basics

• Based in:
• Started in / Announced on: 2017
• Testnet release:
• Mainnet release:
• From Ansem's Q1 report (1-1-2022):

"Arweave is a decentralized network focused on permanent data storage, many NFT projects use Arweave as their backend for storing data, as well as many blockchains who use Arweave for storage of transaction data."

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Launch

• From Decrypt (14-7-2020):

"Arweave has raised over $22 million through seed investments and an initial coin offering of the Arweave (AR) token."

Token Details

• Has a 'profit-sharing token (PST)'

Tech

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: Ethereum
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From Ansem's Q1 report (1-1-2022):

"Instead of using AWS to store data, teams can utilize Arweave for storing all of the data for their applications. Instead of attempting to bet on which 10k pfp NFT project will succeed each week, making a bet on the infrastructure that many applications will need to use is a much easier bet to make. Arweave’s blockweave architecture and SPoRA consensus mechanism make it much more scalable than other storage solutions like Filecoin."

• From Decrypt (14-7-2020):

"It’s using its own proprietary technology—"blockweave— to build an internet that Arweave calls the “permaweb.” The permaweb is “true to the web vision”  but “weaves” in blockweave and Arweave to create a different data structure and a different type of blockchain that relies on a  “recall block design” in its Proof of Access consensus mechanism. Blockweave was first proposed in the 2017 whitepaper,  “Archain: An Open, Irrevocable, Unforgeable and Uncensorable Archive for the Internet.”

Their Other Projects

AO

AO is a new protocol built on top of the permanent data storage layer, Arweave. One of AO’s core value propositions is its ability to run applications (processes in AO terminology) in parallel and maintain the associated state locally instead of requiring a shared global state.

• From Our Network (12-7-2024):

"AO is a parallel computer native to Arweave, capable of executing arbitrary processes, each up to 16GB in memory size. This advancement is paramount in the evolution of Web3, because for the first time we can run LLMs in a fully decentralized manner, enabling autonomous agents to *natively* leverage AI. Processes spin up as needed, and can self-instantiate. AO is being distributed 100% to the community, to holders of AR and depositors of liquid staking tokens, accounting for $447M of assets.

Since the launch of the AO testnet, data stored on Arweave (the crypto-native permanent data storage protocol) has doubled weekly on average, increasing from roughly 1TB to 2TB per week."

Roadmap

• Can be found [Insert link here].

Usage

• From Our Network (27-2-2021):

"As of 1:41PM UTC on Feb 25th, there are 56654 Arweave wallets, and 57% (32302) of them have been active in the past 6 months. 58% of these active addresses own PSTs (Profit-sharing tokens).

Projects that use or built on it

• From Our Network (27-2-2021):

"At least six notable projects now use Arweave to back up their code bases: Polkadot, Solana, Skale, Mirror, Nervos, and Mask Network."

• Solana. "Arweave and Solana partnered (15-10-2020) to provide a decentralised permanent data storage solution of ledger data, ensuring the data can be always retrieved as required."

Competition

• Filecoin (FIL), Sia (SC), Safe Network (MAID), and Storj (STORJ) are also building protocols for decentralized cloud storage. 

Team, Funding, Partners

Team

• Full team can be found [here].
• Sam Williams; founder
• William Jones; founder
• Viktor Diordiiev; Chief Commerical Officer

Funding

• RedStone; Arweave took part in their $525K pre-seed (13-7-2021), RedStone also leverages Arweave.
• Mechanism Capital lists them in their portfolio as of 15-5-2023.
• From Decrypt (14-7-2020):

"Arweave has raised over $22 million through seed investments and an initial coin offering of the Arweave (AR) token."

• Is part of the portfolio of MultiCoin (25-11-2020).

Partners 

• Has an Open Web Incubator with Gitcoin (1-7-2020).
• "Arweave and Solana partnered (15-10-2020) to provide a decentralised permanent data storage solution of ledger data, ensuring the data can be always retrieved as required."
• Partnered with Mask Network (17-11-2021).
• Is mentioned as a partner to Octopus Network on their website (14-3-2022).

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