The blockchain startup focused on permanent online data storage, Arweave said it had secured USD 5 million in a round of financing led by a16z Crypto from Andreessen Horowitz, whith the participation of other important investors such as Union Square Ventures and Multicoin Capital.
The investment will help the company to continue developing its dissemination and adoption efforts. The new partners will join an impressive list of followers, such as Lasse Clausen and Christopher Heymann of 1kx, Arrington XRP Capital, and the global network of Techstars, among others.
The startup Andreessen was founded in mid-2017 by Sam Williams with the promise of permanently hosting data, web applications and pages in its permaweb call.
In this regard, Williams says that the “new long-term partners join us in the mission of building the world’s first truly permanent information storage system. Through the Arweave protocol, we envision a future in which the valuable history, knowledge and applications of humanity can never be lost.”
About the so-called permaweb, Williams says: “imagine the Alexandria Library, a vast catalog of human knowledge and experiences, which is now impervious to fire, floods and other disasters. This is the permaweb.”
K.Villarroel
Source: thenoticiasbitcoin
