IRYS Can Be Staked!!
IRYS is a testnet project that combines low-cost participation ("mouth staking") @irys_xyz and actual operation ("hand staking"). It is currently conducting the Galaxy mission.
It is positioned with significant technical advantages and characteristics in data storage, smart contract integration, and AI application scenarios.
Participation Method (Testnet):
Get Test Tokens:
Faucet Address: irys.xyz/faucet
Experience the Test Application Lofty:
Project Address: lofty.so
Description: Lofty is a decentralized storage application running on the Irys testnet, similar to Google Drive, supporting file uploads and sharing. Files use end-to-end encryption, with the first 10GB of storage free; additional storage requires payment in USDC.
Experience the Test Application Irys Arcade:
Project Address: irysarcade.xyz
Operational Flow: Connect Wallet → Select Game → Pay with Test Tokens to Start.
Participate in the Galaxy (Galxe) Odyssey Mission: (Currently, actual participation number is 67k), remember to brush up your DC character, as some gas is needed to earn points in Galaxy.
Mission Address: app.galxe.com/quest/Irys
Core Technology and Positioning:
Irys is a programmable Layer 1 data chain.
Its core innovation lies in the native integration of a low-cost, permanent Arweave data storage layer with a high-performance, EVM-compatible execution layer (IrysVM).
This architecture enables data programmability, allowing developers to execute smart contract logic directly on the stored data.
Funding Background:
Completed 2 rounds of financing.
Lead Investor: Framework Ventures.
Co-investors: Multicoin Capital, 1kx, Blockchain Capital, Primitive Ventures, Berachain co-founders, Smokey the Bera, and others.
Key Advantage Summary:
Low-cost Permanent Storage: Based on Arweave.
High-performance Programmability: Achieved EVM-compatible smart contract execution through IrysVM.
Native Data and Contract Integration: Close integration of storage and computation.
Clear Application Scenarios: Especially in decentralized storage (like Lofty) and on-chain games/applications (like Arcade).
Strong Capital Backing: Supported by renowned venture capital.