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Everyone has been talking about Irys lately, but very few people truly understand what it aims to do.
In a nutshell: Irys wants to turn "data" into a real asset.
The founder once said a harsh word:
"Data is the most inefficient market in the world; from storage to circulation, every layer is being over-extracted for value. Creating Irys is about completely changing this situation."
What he wants to do is not just "cheaper storage," but to enable data to be used, priced, and circulated —
Let every piece of data have a value label, so it can run on the chain like an asset.
Now Irys is capable of doing:
💾 Storage costs are 20 times cheaper than AWS
🧱 Paired with @TryBrickroad, data can be directly packaged and sold to AI companies.
💡 Data belongs to the user, can be traced, can be monetized, and can also be put on contracts for use.
This is not just a matter of cost savings, but about reshaping a "de-platformed data market" -
Data ownership returns to individuals, and the benefits also return to individuals.
Let me tell you about a particularly interesting ecological action that happened recently 👇
Irys has officially dismantled the "platform walls" of DeFi data in collaboration with @sqd_eth (SQD Network)!
Was the data of DeFi decentralized in the past? No, it wasn't.
PumpFun, Uniswap, and Aave conduct thousands of transactions and several TB of data every day,
But developers want to use it, they have to buy a subscription from a decentralized API platform to get it.
Transactions are open, but the data is locked up.
The role of SQD is to convert the raw hash into usable metrics, such as real-time K-lines, trading volume, and price fluctuations;
The role of Irys is to store this processed data on the blockchain—
Verifiable, permanently stored, low cost, and can directly call contracts!
For example 👇
PumpFun's trading data → SQD processed into candlestick chart → Irys stored on-chain + cryptographic proof
The entire data flow process is open and verifiable.
In the future, there will be a permission logic: whoever produces data will earn profits.
The significance of this combination is very great:
Previously, data had to go through the platform "Aggregation - Processing - Distribution - Subscription"
Developers can now directly retrieve data on the chain.
The entire data market is completely disintermediated.
Moreover, as more DeFi protocols are integrated (such as Aave, HyperLiquid, Morph, and even DEX aggregators),
A flywheel will appear:
The more data there is → the more processors there are → the more developers there are → the more valuable the network is!
In simple terms, Irys's ultimate goal is not to become the next AWS,
but to create a "decentralized data AWS"
A network that allows data to grow, circulate, and generate economic value on its own.
It is not just the foundation of Web3, but also the fuel market for AI.
When Surf Copilot, SQD, Brickroad and these ecosystems come together,
Irys's "data chain" has just begun to start its engine.
The mainnet is about to launch soon, and during the recent "disappearance period" of the founder,
Actually, we are all preparing for the TGE - this wave has just begun 🔥
#KaitoYap @KaitoAI @irys_xyz #Yap UXLINK