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Irys Completes $10 Million Funding Round

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by Giorgi Kostiuk

2 hours ago


Yesterday, the project Irys, focusing on programmable data on the blockchain, completed a funding round of $10 million, bringing its total funds raised to $20 million.

About Irys

Irys offers not only permanent data storage but also adds logic and vitality to the data. The project combines deep storage capabilities, like those of Arweave, with the ability to automatically monetize the content. Every action with the data, such as playing music, will automatically generate revenue for the owner. Key advantages of Irys include permanent storage at low cost, programmable data nature, and the ability to verify and trace data.

The Role of Discord in Reward Distribution

During the latest AMA event, the Irys team shared important information regarding reward distribution among community members. Discord roles play a central part in obtaining rewards. Participants who hold multiple significant roles in Discord will benefit additionally. Furthermore, new activities on the Galxe platform are expected soon, allowing users to earn additional NFTs.

Interactive Tutorial for Irys

Irys users have been invited to follow several steps to gain test tokens, including connecting to the test network, participating in mini-games, and completing tasks on Galxe. Each game action and interaction with the system will help accumulate points that can be exchanged for tokens.

Irys continues to develop its platform, providing new opportunities for users and investors. The project aims to create an infrastructure for interacting with data in the future, opening up wide prospects for various applications.

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