2019-11-6 00:30 |
Arweave, a startup building a decentralized storage protocol for the world's knowledge, raises $5 million via token sale from a16z, USV and Multicoin. origin »
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Arweave has launched a new project called "AO" which it describes as a "hyper parallel" computer inside its network.
Decentralized storage platform Arweave’s AR token jumped to an 18-month high amid several developments within the blockchain network’s ecosystem. Data from CryptoSlate show that AR’s value rose to $14.
AR’s price shows much strength after breaking out from its long downtrend movement. AR trade with good volume, breaking out from a downtrend as price eyes a rally to a region of $27. AR’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance at 200 EMA.
Arweave operates on the same idea as other blockchain-based file storage services such as Filecoin or Storj, but with far larger ambitions backed by new technical developments unveiled Wednesday as Arweave 2.0.
Arweave, a blockchain-based storage protocol, today announced it has raised a further $8. 3 million in funding from Andreessen Horowitz, Union Square Ventures, and Coinbase Ventures. These funds will be used to further Arweave community ecosystem initiatives.
The community and core team of Arweave, creators of a decentralized data storage protocol, announced today the live launch of ARCA, a community-governed DAO that will develop and expand the Arweave ecosystem, project, and network.
Arweave is one step closer to its mission of being “new Library of Alexandria” thanks to a successful fundraising round led by a16z, with participating investors such as Multicoin Capital… The post Arweave Raises $5M Round Led by a16z, Multicoin Capital, and Union Square Ventures appeared first on CoinCentral.
