{"id":90223,"date":"2025-08-21T14:27:35","date_gmt":"2025-08-21T14:27:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=90223"},"modified":"2025-08-21T14:27:35","modified_gmt":"2025-08-21T14:27:35","slug":"irys-raises-10m-series-a-to-unlock-3-trillion-data-economy-with-first-programmable-datachain","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=90223","title":{"rendered":"Irys Raises $10M Series A to Unlock $3 Trillion Data Economy With First Programmable Datachain"},"content":{"rendered":"

[PRESS RELEASE \u2013 London, United Kingdom, August 21st, 2025]<\/strong><\/p>\n

Irys<\/a>, the world\u2019s first programmable datachain, today announced it has raised $10 million in Series A funding led by CoinFund, with participation from Hypersphere, Tykhe Ventures, Varrock Ventures, Breed VC, Echo Group, Amber Group, and WAGMI Ventures. The round brings Irys\u2019s total funding to $20 million since 2024, demonstrating sustained investor confidence in programmable datachain infrastructure.<\/p>\n

Irys is addressing a fundamental inefficiency in the global economy: the $3 trillion data market, where virtually no one is able to capture value from the data they generate. By combining a high-performance data layer with a native smart contract execution layer, Irys enables data to carry embedded instructions for licensing, monetization, and access control \u2013 making it the first blockchain where data actively generates value for those who create it.<\/p>\n

\u201cThe data economy has a massive infrastructure problem,\u201d said Josh Benaron, CEO and Founder of Irys<\/strong>. \u201cAI companies scrape trillions of dollars worth of content while creators see nothing. Enterprises sit on valuable datasets they can\u2019t monetize. We\u2019re building the infrastructure that finally allows data creators to capture the value they generate, turning data that historically is stored statically, into programmable economic assets.\u201d<\/p>\n

The round builds on significant traction with over 80 strategic partners focused on AI use cases, 600 million+ data transactions processed on the network, and 4 million+ active wallets engaging daily on the network. The platform\u2019s infinite data capacity and predictable pricing model \u2013 anchored to physical storage costs rather than volatile token markets \u2013 has attracted institutional partners, including revenue-generating companies with proven business models. The funding will also accelerate infrastructure expansion, strategic partnerships, team growth, and institutional adoption of datachain technology ahead of Irys\u2019s upcoming mainnet launch.<\/p>\n

\u201cIrys represents the infrastructure layer for the AI economy,\u201d said Einar Braathen, Partner at CoinFund<\/strong>. \u201cWhere traditional approaches require piecing together multiple solutions, Irys has created unified infrastructure that makes data programmable. This is the AWS moment for onchain data.\u201d<\/p>\n

Irys\u2019s approach is already generating significant institutional interest, with partners whose combined businesses represent hundreds of millions in revenue choosing the platform for critical infrastructure needs. This institutional adoption is driven by Irys\u2019s technical advantages: unlike first-generation datachains that only provide static storage, Irys\u2019s programmable data architecture enables smart contracts to read, modify, and act on stored data natively. This breakthrough allows for automated licensing agreements, verifiable AI training processes, and programmable intellectual property rights \u2013 capabilities impossible on existing blockchain infrastructure. Furthermore, Irys dramatically simplifies implementation\u2014developers can get started in hours using familiar EVM-compatible tools, directly addressing the pain point found in legacy alternatives where integration can take months.<\/p>\n

\u201cThis funding validates what our community has recognized: infrastructure that handles real revenue from real companies deserves serious institutional attention,\u201d added Benaron<\/strong>. \u201cWe\u2019re not waiting for adoption \u2013 we\u2019re capturing it through partnerships that convert every enterprise data problem into permanent network volume that compounds over time.\u201d<\/p>\n

With over 500,000 community members across channels in over eight countries and partners that collectively generate hundreds of millions in revenue, choosing the platform for critical infrastructure needs, Irys is positioned to capture significant market share as the AI economy demands more sophisticated data infrastructure.<\/p>\n

About Irys<\/strong><\/p>\n

Irys <\/a>is the world\u2019s first programmable datachain, combining verifiable data with native smart contract execution to create a foundation that\u2019s optimized for storing, discovering, and monetizing data at any scale. With over 80 strategic partners, 600 million+ transactions processed, and 4 million+ daily active wallets, Irys aims to be the infrastructure that will one day contain all of humanity\u2019s most critical information. Users can learn more at https:\/\/irys.xyz<\/a>.<\/p>\n

About CoinFund<\/strong><\/p>\n

CoinFund is a blockchain investment firm focused on early-stage projects building foundational infrastructure for the decentralized economy. With a portfolio spanning DeFi, infrastructure, and Web3 applications, CoinFund partners with visionary teams creating the next generation of blockchain technology.<\/p>\n

The post Irys Raises $10M Series A to Unlock $3 Trillion Data Economy With First Programmable Datachain<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 London, United Kingdom, August 21st, 2025] Irys, the world\u2019s first programmable datachain, today announced it has raised $10 million in Series A funding led by CoinFund, with participation from Hypersphere, Tykhe Ventures, Varrock Ventures, Breed VC, Echo Group, Amber Group, and WAGMI Ventures. The round brings Irys\u2019s total funding to $20 million […]<\/p>\n","protected":false},"author":0,"featured_media":90224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-90223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90223"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90223"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/90223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/90224"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}