Arweave ar

Arweave targets permanent file storage space, which is not even the legacy cloud computing companies can provide. Rather than competing with the legacy providers based on performance & cost, Arweave seeks to create a service that was not previously available or even possible through the use of crypto-economic incentives that is permissionless. In this model, users pay just a single fee upfront & can store their data forever. This is entirely a new market that would likely be worth billions. Arweave accomplishes this by using crypto-economic game theory to incentivize miners so that they can ensure the permanence, reliability, & availability of the stored data

The Arweave team doesn’t actively promote itself due to the community-based nature of the project & primarily remains behind the scenes. The CEO and co-founder, and the face of Arweave, is Sam Williams. He is a serial entrepreneur and holds a Ph.D. in Computer Science (CS) from University of Kent. Apart from his numerous start-ups, he is a self-avowed proponent of decentralization. He also has deep experience in software and software design, having started coding at a young age

The main reasons to invest in Arweave include: - With Arweave being the only prominent one to tackle permanent storage, it can be a good bet that they will become a significant player in the sector. - Not only will Arweave cater to the permanent storage market, but it can also serve needs of the current data storage market. - The network was growing at a good pace, & in March 2021, it processed more than 1 million transactions. It is being heavily adopted by few new NFT projects, DeFi projects such as yearn.finance, Uniswap v2, SushiSwap, and blockchains that will need to store massive amounts of ledger data. - Lately, the growth has a bit slowed in between, considering the exponential growth of data and information, we can believe that permanent storage will be very much in demand in the coming decades