Thread by @h_bitcoiner, As the $3 trillion data-storage industry is growing, the need for cheap, [...]

As the $3 trillion data-storage industry is growing, the need for cheap, distributed, permanent data storage on the blockchain has become an urgent necessity, where #Arweave positioning it to become the backbone of the data economy backed by #crypto space giants.

Thread

I was looking for undervalue project @spiraI mentioned an interesting project Arweave and I took a deep look in it, the project says Pay Once, Store Forever, which immediately caught my eye, making permanent data storage a reality for the very first time and truly censorship free

As the $3 trillion data-storage industry is growing, the need for cheap, distributed, permanent data-storage on the blockchain has become an urgent necessity.

@ArweaveTeam making permanent data storage a reality for the very first time and genuinely censorship-free not like other projects #Siacoin, #Filecoin, if you miss a payment your data is gone.

Arweave one of the most underrated #crypto projects out there. Sitting at about a Marketcap of $ 59,800,000, the circulation supply is around 46 million, the max supply is 66 million.

Website: http://arweave.org
Coin Ticker: $AR
Exchange: Bittrex Global, MXC

The Berlin-based #Blockchain Startup recently got fresh funding from giants in crypto space, which I will talk later In below thread.

@samecwilliams is CEO & Co-Founder at @ArweaveTeam

The #Arweave is based on a new consensus mechanism called ‘proof of access’, Arweave is more suitable for slow write (upload) and fast read (download). Download is more useful for most use cases, like hosting websites, unlike other project which are suitable for write (Upload)

Arweave Built on a #Blockchain-like structure called the blockweave, one of the applications on Arweave is what they have coined “the permaweb”. Over 200+ dapps have already been deployed on Blockweave chain (permaweb).

@ArweaveTeam has developed a system for data storage which makes it economically sustainable and feasible to store data for centuries.

#cryptocurrencies #Bitcoin

#Crypto

Arweave figured out the data storage system that allows you to have highly available low latency data storage while maintaining an incentive model where miners will store user's data forever.

Some Important Fact About Arweave

Novel PoA blockchain protocol that solve an actual problem

Strong team + Working Product

Largely sold through OTC

1.1% of genesis block supply (55 mln tokens) was available in the public sale

Arweave Investors

Coinbase Ventures

Andreessen Horowitz

Union Square Ventures

a16z crypto

Andreessen Horowitz invested in #Filecoin (Arweave's competitor) seed round in 2017, but after they saw Arweave's product in 2019 (Arweave did ICO in 2018 ), Andreessen with Coinbase Ventures bought Arweave on OTC at a price higher than 0.4 USD.

Some have speculated that Coinbase Ventures and a16z bought #Arweave at an average between 70 cents to 1.30USD on OTC.

Some Notable Partner of Arweave

Coinbase Ventures

Andreessen Horowitz

Techstars

Multicoin Capital

Internet Watch Foundation

USV

1kx

Some Notable Partner of Arweave Coinbase Ventures Andreessen Horowitz Techstars Multicoin Capital Internet Watch Foundation USV 1kx

Arweave Raised $8.3 Million from Coinbase Ventures, a16z and USV few months ago. This money is only for the Arweave community, to develop an ever data consuming ecosystem.

Source: https://medium.com/@arweave/arweave-announces-new-funding-from-andreessen-horowitz-usv-and-coinbase-ventures-30a1fde3d8c5

@ArweaveTeam is a protocol/platform designed to provide scalable and permanent on-chain data storage in a sustainable manner.

The team spent the last 3 years making a decentralized, low-cost data storage protocol that can scale.

Arweave few days ago got listed on @BittrexGlobal

Coinbase also exploring new assets to list on there Exchange one of them is Arweave.

Note: Coinbase already invested in Arweave

Source: https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-2c5b84813fcf?gi=65632b9abec2

@ArweaveTeam permaweb stops coronavirus censorship, raises $8M https://techcrunch.com/2020/03/05/coronavirus-censorship-arweave

Arweave’s permaweb stops coronavirus censorship, raises $8M

The Chinese government has been removing criticism of its coronavirus response from apps like Weibo, the local equivalent of Twitter. But before it can, that content is being saved, decentralized and...

https://techcrunch.com/2020/03/05/coronavirus-censorship-arweave

@_spiraI recently did a Technical Analysis also on Arweave, upcoming price action possibility and Accumulating Zone https://twitter.com/_spiraI/status/1271030358780321793?s=19