Arweave (AR)

## Basics

* Based in:
* Started in / Announced on: 2017
*"Arweave is a decentralized network focused on permanent data storage, many NFT projects use Arweave as their backend for storing data, as well as many blockchains who use Arweave for storage of transaction data."*

## Audits & Exploits

* Bug bounty program can be found [insert here].

## Token

### Launch

* From Decrypt (14-7-2020):

"*Arweave has raised over $22 million through seed investments and an initial coin offering of the Arweave (AR) token."*

## Tech

* Whitepaper can be found [insert here].
* Code can be viewed [insert here].
* Built on: Ethereum
* Programming language used:

### How it works

* From Ansem's Q1 report (1-1-2022):

*"Instead of using AWS to store data, teams can utilize Arweave for storing all of the data for their applications. Instead of attempting to bet on which 10k pfp NFT project will succeed each week, making a bet on the infrastructure that many applications will need to use is a much easier bet to make. Arweave’s blockweave architecture and SPoRA consensus mechanism make it much more scalable than other storage solutions like Filecoin."*

* From Decrypt (14-7-2020):

"*It’s using its own proprietary technology—"blockweave— to build an internet that Arweave calls the “permaweb.” The permaweb is “true to the web vision”  but “weaves” in blockweave and Arweave to create a different data structure and a different type of blockchain that relies on a  “recall block design” in its Proof of Access consensus mechanism. Blockweave was first proposed in the 2017 whitepaper,  “Archain: An Open, Irrevocable, Unforgeable and Uncensorable Archive for the Internet.”*

## Usage

* From Our Network (27-2-2021):

*"As of 1:41PM UTC on Feb 25th, there are 56654 Arweave wallets, and 57% (32302) of them have been active in the past 6 months. 58% of these active addresses own PSTs (Profit-sharing tokens).*

### Projects that use or built on it

* From Our Network (27-2-2021):

*"At least six notable projects now use Arweave to back up their code bases: Polkadot, Solana, Skale, Mirror, Nervos, and Mask Network."*

* Solana. "*Arweave and Solana partnered (15-10-2020) to provide a decentralised permanent data storage solution of ledger data, ensuring the data can be always retrieved as required."*

## Competition

* Filecoin (FIL), Sia (SC), Safe Network (MAID), and Storj (STORJ) are also building protocols for decentralized cloud storage.

## Team, Funding, Partners

### Team

* Full team can be found [here].
* Sam Williams; founder
* William Jones; founder
* Viktor Diordiiev; Chief Commerical Officer

### Funding

* From Decrypt (14-7-2020):

"*Arweave has raised over $22 million through seed investments and an initial coin offering of the Arweave (AR) token."*

* Is part of the portfolio of MultiCoin (25-11-2020).

### Partners

* Has an Open Web Incubator with Gitcoin (1-7-2020).
* "*Arweave and Solana partnered (15-10-2020) to provide a decentralised permanent data storage solution of ledger data, ensuring the data can be always retrieved as required."*
* Partnered with Mask Network (17-11-2021).

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