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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

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    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

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    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

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    What Is Asset Tokenization? Types, Why It Matters Now [2025]

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

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    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

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    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

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    Alchemy acquires NFT launchpad HeyMint to accelerate smart wallet development

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    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

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    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

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    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

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    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

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    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Blockchain

Irys secures $8.9m to ‘accomplish the next phase of our growth’

June 13, 2024
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Irys secures $8.9m to ‘accomplish the next phase of our growth’
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Irys has successfully concluded a strategic funding round led by Lemniscap in an effort to improve on-chain management and combat misinformation.

READ ALSO

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Irys, previously known as Bundlr Network, is a storage layer innovator dedicated to scalable on-chain data solutions. It has processed over 1.9 billion transactions and has gained significant market traction. Irys’ goal is to improve the scalability and efficiency of on-chain data management in blockchain ecosystems.

“We are thrilled to have secured this strategic funding round, which positions us well to accomplish the next phase of our growth,” said Josh Benaron, CEO of Irys. “This investment is a testament to the confidence our investors have in our vision and our ability to bring the world’s data onchain.”

Irys rebranded from Bundlr to reflect its updated mission and expanded focus. Irys initially focused on improving storage throughput through transaction bundling. Now, the company is also prioritizing its contributions to provenance, performance, and scalability in on-chain data, highlighting its commitment to solidifying its position in the Web3 ecosystem.

With the new funding, Irys will try to accelerate its growth and further develop its technology, solidifying its role in the future of on-chain data management.

Misinformation

The recent funding for Irys underscores its importance in addressing the widespread issue of trust and misinformation. With the rise of AI and digital content, it has become more difficult to accurately identify the source of news, data, or information. Irys allows users to securely track and confirm the origin of data, setting the stage for a future where data can be permanently stored with precise attribution, ultimately rebuilding trust in digital information.

See also  A Strategic Move for Enhanced Web3 Community Engagement

Lemniscap’s funding validates Irys’s capabilities and influence.

“We are excited to support Irys in bringing the world’s data onchain, while combatting the proliferation of misinformation in today’s society. Irys is enabling precise attribution of data origin through proof of provenance, and we look forward to working closely with the Irys team on this very important and timely mission,” said Roderik van der Graaf, Founder and Managing Partner at Lemniscap.

The recent funding round is crucial for Irys as it grows its operations and focuses on its mission. Irys is dedicated to transforming the use of data to address the changing requirements of developers and businesses.

Tags: 8.9maccomplishGrowthIrysPhaseSecures

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