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Irys, formerly known as Bundlr Network, is a programmable datachain that unifies permanent data storage and smart contract logic under one network. It uses a hybrid consensus combining useful Proof of Work with Proof of Stake, ensuring that miners are economically accountable for storing data long-term.
On June 12th, 2024, the project received $3.7M from the Strategic funding round backed by Hypersphere Ventures, Lemniscap, and other funds.