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CoinFund Leads $10M Series A for Layer 1 Datachain Platform Irys
CoinFund Leads $10M Series A for Layer 1 Datachain Platform Irys
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BTCCSquare news:
Irys, a programmable datachain platform targeting inefficiencies in the $3 trillion data economy, has secured $10 million in Series A funding. The round was led by crypto-native investment firm CoinFund, with participation from Amber Group, Hypersphere, and others. This brings Irys' total funding to $20 million.
The platform is developing a LAYER 1 blockchain combining data storage and smart contract execution. Its infrastructure aims to let users capture value from their generated data, particularly as AI integration grows. The solution could reshape how data licensing and monetization are handled onchain.
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