New data structures are used in the Arweave protocol. These structures are called blockweaves, and they’re similar to the blockchain. The protocol is designed to make on-chain data storage that is scalable and long-term possible in a way that is good for the planet.
A blockchain-based storage protocol called Arweave says it has raised another $8.3 million in funding from Andreessen Horowitz, Union Square Ventures, and Coinbase Ventures, which is good news for the company. These funds will be used to keep up with Arweave’s community ecosystem projects.
That’s what the people on the Arweave team said. They are excited to say that they have raised $8.3 million more from Andreessen Horowitz and USV, and they have also received new funding from Coinbase Ventures. They are excited to be able to use these funds to help people in the Arweave community, from builders to archivers and more. In order to be clear: This money is for you, the people who live in and around Arweave. The founding team now sees it as their main job to give these funds to the community in a way that encourages growth, use, and decentralization of the network. As a result, they are going to start a series of big projects to help this goal.
Arweave Grants and Arweave Boost are two of the first projects that will benefit from the new money.
AR Grants
A way for people in the Arweave community to propose projects, start-ups, DAOs, and even marketing campaigns that will help spread the word about the Arweave protocol. The founding team of Arweave will then give money and technical help to any projects that are exciting and could help spread the use of the protocol.
AR Boost
Offering a reliable, long-term data storage solution to any project, startup, or organization in need of such a service. There is a $50,000 limit on the storage space that Arweave is giving away. Core team members will also help you with your project. They can also recommend folks from Andreessen Horowitz and Union Square Ventures from their community network.
ARCA
When Arweave started making ARCA in January, they did so to help people learn how to knit. The Arweave Community Fund A (ARCA) was announced in December as the first project to spread adoption. They improve the ecosystem across the whole community. In order to start the project, the core Arweave team has donated $25,000 in DAI to the ARCA DAO. They can spend the money however they want. As long as the DAO is good at what it does, it can get more money.
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