IRYS raised $ 10 million in funding a series A led by the coinfund, with backing from hypersphere, Tykhe ventures, varrock ventures, breeds VC, Echo Group, Amber Group, and Wagmi Ventures. The investment has brought a total of $ 20 million since 2024.
IRYS is positioning itself as the first programmable datachain in the world. Unlike traditional blockchains focusing especially on static storage or transactional throughput, IRYs combine proven data with smart contract implementation, creating a framework designed for storing, discovering, and monetizing scale information.
The platform processes over 600 million transactions, attracted more than 80 strategic partners, and engaged in 4 million sun -active purses.
IRYS running on efficiency in $ 3 trillion economic data
The company model was built around responding to efficiency within the $ 3 trillion global data market. Current structures do not reward individuals or businesses that generate data, while AI companies and centralized platforms take non -proportional value.
IRYs allow data to bring on -based instructions for licensing, accessing access, and monetization, which effectively changes datasets in economic -owned economic programs.
Founder and CEO Josh Benaron It is noted that the existing infrastructure refused the cost of acquiring the creators and business. “AI companies have scraped trillion dollar amounts of content while the creators see nothing,” Benaron said. “We are building infrastructure that gives data creators to finally make the money they have formed.”
Institutional adoption and ai focus
Series A Round builds traction with institutional partners who make up real revenues, especially in AI -related cases.
Coinfund partner Einar Braathehen compared Iys’ trajectory to the Amazon Web Services, calling it “The AWS moment for Onchain data.” Braathen noted that where most blockchains need stitching together many solutions, the united IRYS infrastructure makes the data programming.
The interest in this institutional is driven by part of the predictable model of Iys. Unlike networks whose fees change to token volatility, IRYs anchored its pricing at physical storage costs, creating stability that attracts businesses that manage large data. The design also supports endless capacity, making the platform suitable for business and AI workloads that requires ongoing scalability.
Bridging Blockchain and AI infrastructure
IRYS programmable datachain introduces the functionality that is not in the solutions to first-generation data. Smart contracts can read, change, and act directly on stored data, enabling applications such as automatic licensing, proven AI training processes, and programmed intellectual rights rights. For developers, the architectural compatible with EVM significantly reduces onboarding time compared to legacy alternatives, allowing implementation within hours instead of the month.
Benaron has confirmed the funding of funding as a validation of the network market traction. “The infrastructure that holds real income from real companies deserves institutional attention,” he said, featuring partnerships that make up permanently, integration -Includes data volume throughout the network.
IRYS prepares for the launch of the mainnet
With more than 500,000 community members throughout the eight countries and a roster of income -generating partners, IRS is preparing for the Mainnet launch.
The new capital will accelerate infrastructure expansion, team growth, and strategic partnerships.
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