Arweave was founded by Sam Williams and William Jones, two Ph.D. candidates at the University of Kent. Williams came to the project with experience in decentralized and distributed systems, having developed an operating system called HydrOS as a part of his studies, while Jones' focus was on graph theory and neural networking. While Williams dropped out of graduate school to focus on the company, Jones left the project early on in mid-2018 and completed his Ph.D.
According to Williams, he came up with the idea while walking up a mountain in Scotland, later bringing the concept to Jones, with whom he developed the technical details. After launching Arweave, Williams was later named an advisor to Minespider, a company providing blockchain-based supply chain tracking for the raw materials industry, and he has served as a mentor for the Techstars accelerator program.
Although Arweave was founded with centralized leadership, it launched a decentralized autonomous organization in January 2020 comprised of core community members to further the development and expansion of the network and its ecosystem.
Attention. There is a risk that unverified members are not actually members of the team
$8 700 000
$66 480 861
Arweave has a list of competitors, but what makes them special is the feature of one-time payment for data storage (instead of subscriptions) that will be much lower than other projects offer. They will be focused on storing large amounts of data and making it permanent and immutable. The team has also established several partnerships. What else is adding optimism is their plan to launch the product in June and a hard cap of $8.7 million. So, in spite of the young team and a number of competitors, the project deserves a rate much higher than average.“Pay once, store forever” is a slogan of Arweave, a project using the new proof of access mechanism to make data storage cheap, fast, and really permanent.
13-May. Sergey: It is better to register. We have noticed the project, but have not decided whether to participate or not yet. We are interested in the project because of the low cap.14-May. Ivan: They are planning to launch main net in June. The cap is small and they will have the native token.Andrey: They have had private, seed and pre-sale.Key: They have changed the name of the project. Link30-May. Andrey: Another proof of care thing, they allocate 400 thousand GBP for sale.
Advantages.1. A new concept of permanent data storage. Features low cost. Almost all development is in progress. Prepared project2. Signed data related contract with charity, Europe's largest hospital.3. Extremely low hard cap, good tokenomicA complementary point1. Having as many storage nodes as possible is key to success.2. We need to watch a little more to see if a high TPS implementation is possible.3. Participation of other Crypto funds besides TechStars is invisible.
Data storage blockchain protocol. hard is attractive. like the project and the team, I wait for MVP to comment further. Hype has picked up.
While the team behind the Arweave ICO are new to the startup world, they’ve managed to bring a novel storage solution to the table with a mainnet launch around the corner. Despite the competition and questions about scaling, we think Arweave is a serious contender among storage protocols.
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