Irys Secures $10 Million Series A for “Programmable Datachain”
Irys, the developer of a programmable datachain (a blockchain that can “program” data), announced a $10 million Series A round led by CoinFund with participation from Hypersphere, Tykhe Ventures, Varrock Ventures, Breed VC, Echo Group, Amber Group, and WAGMI Ventures. This round brings Irys' total funding to $20 million since 2024. The goal: to unlock the $3 trillion value of the data economy that data owners have struggled to monetize.
Unlike earlier generation datachains that simply stored data, Irys' architecture allows smart contracts to read, modify, and act directly on data—so licensing, monetization, and access control can be embedded within the data. The pricing model is also claimed to be more predictable because it is pegged to the cost of physical storage, not token volatility.
Claimed traction: 80+ strategic partners, 600+ million processed data transactions, and 4+ million daily active wallets on the network. The new funding will accelerate infrastructure expansion, institutional partnerships, team recruitment, and enterprise adoption ahead of the mainnet launch.
For institutions and the AI ecosystem, Irys is positioning itself as a high-performance data layer for use cases such as automated licensing, AI training process verification, and programmatic intellectual property rights—areas that are difficult to achieve in current blockchain infrastructure. This funding is expected to secure more commercial partners as data infrastructure needs become increasingly complex. (ayu)
Source: Newsmaker.id
