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.

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https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">

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"> 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

https://abs.twimg.com/hashflags... draggable="false" alt=""> #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& #39;s data forever.

Some Important Fact About Arweave

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Novel PoA blockchain protocol that solve an actual problem

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Strong team + Working Product

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Largely sold through OTC

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> 1.1% of genesis block supply (55 mln tokens) was available in the public sale

Arweave Investors

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Coinbase Ventures

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Andreessen Horowitz

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Union Square Ventures

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> a16z crypto

Arweave Investorshttps://abs.twimg.com/emoji/v2/... draggable=

Coinbase Ventureshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Andreessen Horowitzhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Union Square Ventureshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> a16z crypto" title="Arweave Investorshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Coinbase Ventureshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Andreessen Horowitzhttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Union Square Ventureshttps://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> a16z crypto" class="img-responsive" style="max-width:100%;"/>

Andreessen Horowitz invested in #Filecoin (Arweave& #39;s competitor) seed round in 2017, but after they saw Arweave& #39;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

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Coinbase Ventures

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Andreessen Horowitz

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Techstars

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Multicoin Capital

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> Internet Watch Foundation

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> USV

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Rückhand Zeigefinger nach rechts" aria-label="Emoji: Rückhand Zeigefinger nach rechts"> 1kx

Some Notable Partner of Arweavehttps://abs.twimg.com/emoji/v2/... draggable=

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">https://medium.com/@arweave/...

@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">https://blog.coinbase.com/coinbase-...

@ArweaveTeam permaweb stops coronavirus censorship, raises $8M https://techcrunch.com/2020/03/05/coronavirus-censorship-arweave">https://techcrunch.com/2020/03/0...

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">https://twitter.com/_spiraI/s...

https://twitter.com/_spiraI/status/1271030358780321793?s=19

Arweave was recently cited in two Nasdaq articles.

https://www.nasdaq.com/articles/with-arweaves-lazy-approach-to-smart-contracts-its-version-of-web3-does-more-2020-06-11

https://www.nasdaq.com/articles/... href=" https://www.nasdaq.com/articles/blockchain-bites%3A-cbdcs-on-capitol-hill-custody-battles-and-smart-drugs-2020-06-11">https://www.nasdaq.com/articles/...

With Arweave’s ‘Lazy’ Approach to Smart Contracts, Its Version of Web3 Does More

https://www.nasdaq.com/articles/with-arweaves-lazy-approach-to-smart-contracts-its-version-of-web3-does-more-2020-06-11

#Arweave another Exchange Listing coming on @Hotbit_news June 15th

#arweave Update by @_spiraI

Possible price retracement to continue bullish trend. https://twitter.com/_spiraI/status/1271735964378050563?s=19">https://twitter.com/_spiraI/s...

https://twitter.com/_spiraI/status/1271735964378050563?s=19

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