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Irys xyz is the first programmable datachain, merging onchain storage and smart contract execution into a single protocol. Powered by a hybrid consensus of useful PoW and PoS, it rewards miners for maintaining verifiable data, not only for block production. With modular ledgers, stable pricing, and built-in decentralization safeguards, Irys offers a scalable, developer-optimized foundation for building advanced, data-driven dApps.
On May 4th, 2022, the project announced the successful closure of its $5.2M Seed funding round led by Framework Ventures and participation of some other investors.