Lemniscap
@lemniscap
1/7 We're very excited to lead this strategic funding round for @irys – the platform enabling precise attribution of data origin through proof of provenance – bringing their total funding to $8.9M, as reported today by @theblock
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Lemniscap
@lemniscap
2/7 The round included participation from Framework Ventures, Race Capital, Permanent Ventures, & Hypersphere Ventures, as well as prominent angel investors such as Smokey The Bera, @ryanwatkins, Dovey Wan, & Ansem.
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Lemniscap
@lemniscap
3/7 In the era of divisive echo chambers & information manipulation, Irys enables users to confidently trace & verify the origin of data, imbuing a much needed sense of trust in digital interactions.
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Lemniscap
@lemniscap
4/7 Led by CEO Josh Benaron, the Irys team comprises industry experts aligned on a goal to bring the world's data onchain. To date, Irys has processed over 1.9 billion transactions, surpassing some of the largest chains in the space.
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Lemniscap
@lemniscap
5/7 Irys is able to provide access to data with strong provenance at any scale. By using Arweave, all data posted to Irys is permanently on chain & verifiable, with high throughput capacity & high performance time stamping.
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Lemniscap
@lemniscap
6/7 Lemniscap takes great pride in supporting the Irys mission to combat the proliferation of misinformation in today's society, while championing data integrity & transparency. Congratulations to the Irys team on today's milestone!
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Lemniscap
@lemniscap
7/7 https://www.theblock.co/post/299587/irys-raises-8-9-million-in-lemniscap-led-funding-round
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