Home web3.0 ArFleet Launch Expands Arweave's Market Reach with Time-Bound Storage

ArFleet Launch Expands Arweave's Market Reach with Time-Bound Storage

Aug 17, 2024 pm 06:36 PM
arweave ArFleet Temporary Storage Solution

Arweave is renowned for its data permanence. Now it offers time-bound storage, too — opening up new markets and opportunities for $AR and the permaweb.

ArFleet Launch Expands Arweave's Market Reach with Time-Bound Storage

Arweave, a decentralized data storage network, is introducing a new protocol called ArFleet that will provide temporary data storage solutions. This initiative marks a significant departure from Arweave's traditional business strategy, opening up new avenues of opportunity for its token, AR, and the broader permaweb ecosystem.

The launch of ArFleet will take place on August 29th at 11 a.m. EST and will be part of a larger community event. The event will feature a live demonstration of ArFleet by its primary constructor, AO/ACC, followed by a Q&A session and community discussion in the Arweave Gathering Town.

This launch will enable Arweave to cater to a new market segment that requires time-bound storage, thus expanding the platform's use cases. Notably, this new option contrasts sharply with Arweave's primary offering of permanent storage, showcasing the platform's versatility and potential for innovation. By introducing this functionality, Arweave not only broadens its usage but also strengthens the value proposition of its native token, AR.

According to CNF coverage, the recent migration of the AR.IO network to AO The Computer had a substantial impact on Arweave's market performance. The move is seen as a pivotal development, and anticipation is building for a potential surge in the value of AR.

This confidence is evident in the latest market movements, as the AR token has risen by 5.10% over the last 24 hours, reaching $21.58 and boosting its market cap to $1.415 billion. This impressive performance has placed AR among the top three gainers for the day, signaling increased investor optimism regarding the platform's future.

In related news, Arweave's competitors in the data storage domain, such as Filecoin, are also making strides. As covered previously, Magna is joining Filecoin's network to create and integrate the first smart contracts that offer ownership rights and token claims.

Magna aims to streamline token allocation, control unlock dates, and simplify community claims with this launch. Furthermore, Filecoin has now safeguarded over 500 terabytes of U.S. government data for long-term storage, highlighting its role in preserving critical information.

The above is the detailed content of ArFleet Launch Expands Arweave's Market Reach with Time-Bound Storage. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Roblox: Bubble Gum Simulator Infinity - How To Get And Use Royal Keys
4 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
Nordhold: Fusion System, Explained
4 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
Mandragora: Whispers Of The Witch Tree - How To Unlock The Grappling Hook
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Hot Topics

Java Tutorial
1672
14
PHP Tutorial
1277
29
C# Tutorial
1257
24
Metaplanet Expands Its Bitcoin Treasury Holdings by Another 319 BTC Metaplanet Expands Its Bitcoin Treasury Holdings by Another 319 BTC Apr 15, 2025 am 11:20 AM

In an announcement made earlier today, Japanese firm Metaplanet revealed it has acquired another 319 Bitcoin (BTC), pushing its total corporate holdings beyond 4,500 BTC.

Bitwise Announces the Listing of Four of Its Crypto ETPs on the London Stock Exchange (LSE) Bitwise Announces the Listing of Four of Its Crypto ETPs on the London Stock Exchange (LSE) Apr 18, 2025 am 11:24 AM

Bitwise, a leading digital asset manager, has announced the listing of four of its crypto Exchange-Traded Products (ETPs) on the London Stock Exchange (LSE).

As Binance Coin (BNB) Gains Momentum Toward a $1,000 Breakout, New Altcoin RCO Finance (RCOF) Is Stirring Conversations As Binance Coin (BNB) Gains Momentum Toward a $1,000 Breakout, New Altcoin RCO Finance (RCOF) Is Stirring Conversations Apr 15, 2025 am 09:50 AM

As Binance Coin (BNB) gains momentum toward a $1,000 breakout

Central banks across the world are ramping up their gold purchases Central banks across the world are ramping up their gold purchases Apr 15, 2025 am 11:00 AM

According to a report by The Kobeissi Letter on X, mentioning data from IMS IFS and the Global Gold Council, nations accumulated 24 tonnes of gold in February

Bitcoin (BTC) drifts upwards as the broader market adjusts favorably to trade-related news Bitcoin (BTC) drifts upwards as the broader market adjusts favorably to trade-related news Apr 15, 2025 am 11:14 AM

The largest cryptocurrency was up 1.6% in the last 24 hours and is now trading just shy of $85,000. Ether (ETH), meanwhile, rose 2.7%

Movement Labs and the Movement Network Foundation have launched an independent investigation into recent market-making irregularities related to the MOVE token. Movement Labs and the Movement Network Foundation have launched an independent investigation into recent market-making irregularities related to the MOVE token. Apr 16, 2025 am 11:16 AM

nt Labs and the Movement Network Foundation Launch Independent Investigation into MOVE Token Market-Making Irregularities

A wave of capital is flowing out of Ethereum [ETH] and into Tron [TRX] A wave of capital is flowing out of Ethereum [ETH] and into Tron [TRX] Apr 16, 2025 am 11:14 AM

With $1.52 billion in stablecoins migrating to Tron, investors appear to be favoring lower-cost chains and diversifying beyond traditional USD-backed assets.

The Pi Network token price has increased by more than 14% over the past week. The Pi Network token price has increased by more than 14% over the past week. Apr 16, 2025 am 11:22 AM

As of press time, Pi is trading at $0.6711 after its integration with Chainlink on April 12th. The announcement caused a surge in the price of Pi