Arweave (AR)

Permanent Data Storage

Arweave lets users store data forever with a one-time payment. Unlike other services that charge monthly fees, Arweave uses a special system to keep data safe and available forever.

Decentralized Web Hosting

Websites can be hosted on Arweave in a way that makes them permanent and censorship-resistant. This means websites stay online and unchanged without relying on a single company.

Blockchain Data Archiving

Blockchains like Solana use Arweave to store their history permanently. This helps keep important blockchain data safe and accessible over time.

Digital Archives and Libraries

Museums, libraries, and educational groups use Arweave to preserve digital copies of important texts, photos, and artworks. The data is protected from changes or loss.

Support for Decentralized Apps and Smart Contracts

Arweave supports apps and smart contracts that need permanent data storage, enabling new kinds of decentralized services and tools.

Partnerships and Use in Big Projects

Arweave works with projects like The Graph, Mirror, Polygon, and Arbitrum to provide permanent storage solutions, helping build a more permanent and open internet.

Pros of Arweave

• Permanent Storage: Data stored on Arweave lasts forever and cannot be changed or deleted.
• One-Time Payment: Users pay once for lifetime storage, avoiding recurring fees.
• Censorship Resistant: Data is stored in a way that prevents censorship or manipulation.
• Supports dApps and Communities: Developers can build apps and profit-sharing communities on the network.
• Decentralized and Sustainable: Uses a unique system to keep data available long-term with community support.

Cons of Arweave

• Higher Upfront Cost: The one-time payment can be expensive compared to subscription models.
• Technical Complexity: The technology behind Arweave can be hard to understand for new users and developers.
• Slower Data Retrieval: Accessing data may be slower compared to some other storage solutions.
• Limited Adoption: It is less widely used compared to some other decentralized storage projects.
• Dependent on Network Growth: The success of Arweave depends on the growth and support of its community and ecosystem.

Founders

Arweave was founded by Sam Williams and William Jones in 2017. Sam Williams is the CEO and the most prominent figure behind the project.

Institutional Investors

Arweave has 36 institutional investors including well-known firms like a16z (Andreessen Horowitz), Coinbase Ventures, and Union Square Ventures. These investors participated in various funding rounds, including Series A.

Other Notable Investors

Some other investors include Blue7 (Dubai), DepinX Capital, FutureMoney Group, Ramiel Capital, and Synergis Capital. There are also investors like Advanced Blockchain from Berlin and several venture capital firms focused on blockchain and crypto.

Summary

• a16z (Andreessen Horowitz)
• Coinbase Ventures
• Union Square Ventures
• Blue7 (Dubai)
• DepinX Capital
• FutureMoney Group
• Ramiel Capital
• Synergis Capital
• Advanced Blockchain (Berlin)
• Plus many others totaling around 36 institutional investors

These investors have supported Arweave through multiple funding rounds since its founding.

Halal Status of Arweave

Yes, Arweave is considered halal. It is a decentralized data storage network that provides clear utility and value exchange without involving interest or prohibited financial practices. Its economic model is based on straightforward payment for permanent data storage services, aligning with Shariah principles.