1. Irys, describing itself as a provenance layer for data storage, announced it will transition to a new layer-1 network with the launch of a “programmatic datachain that combines data storage and execution.” According to the team: “Through IrysVM, which is fully EVM-compatible, developers can leverage efficient and cost-effective real-time data manipulation. This approach simplifies development processes, enhances scalability and ensures stable and predictable pricing for transactions and data storage. Ecosystem partners building on Irys’ Layer 1 include Berachain, Eclipse, Injective Labs, Livepeer, Linea, IoTeX, Gateway.fm, Lit Protocol, NodeKit, Olas, Snapchain, BeraLand and YEET.” Founded in 2021, Irys began its journey as Bundlr, a scaling solution for permanent data storage on Arweave.
Comments (No)