Arweave

Arweave (AR) is a pioneering decentralized network focused on permanent information storage, often likened to "Bitcoin for data." As a robust Layer 1 (L1) blockchain and Smart Contract Platform, Arweave utilizes its unique "blockweave" to create an immutable, decentralized web inside an open ledger. This enables the preservation of humanity's most important data and the hosting of truly decentralized, provably neutral web applications. Serving as a crucial DePIN infrastructure, its permanent data capabilities are increasingly relevant for secure Artificial Intelligence (AI) datasets. Developers can build full-stack decentralized applications on the permaweb, covering UI, database, and domain services. Backed by prominent investors like Andreessen Horowitz (a16z), Multicoin Capital, Coinbase Ventures, and Blockchain Capital, the Arweave ecosystem is fully decentralized and offers funding opportunities. The `ar` cryptocurrency powers these permanent storage and development functionalities, making `ar` essential for interacting with the network.

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