I found that the project @irys_xyz has been getting a lot of discussion lately. I see that everyone is working on this project, and many fren are asking me whether it's worth spending time on Irys, if it's reliable, and if there's potential, etc.?

I just had some time, so I researched a bit and shared it with everyone:

I went to take a look, and @KaitoAI now has activities as well, with rewards for the top one thousand. I think this opportunity is still quite significant. I don't have much hope for the top 20 or 50, but for this one thousand, I still recommend giving it a try!

A couple of days ago, I saw that Sha Po Lang's wolf cub also mentioned this project while scrolling through Twitter. It seems to be ranked quite high, and I'm really envious. No wonder it's top-tier. If I remember correctly, this should be the first kaito project they launched. Haha! Wait for me!

1: As usual, let's first take a look at what the Irys project is all about.

Let's put it this way, Irys is like a "data warehouse that gets things done."

In the past, when we stored data, whether it was on a computer, in the cloud, or on other blockchains, this data was basically "dead" — at most it was stored and viewed. If we wanted it to do something by itself, like automatically verify information, interact with other software, or provide usable "raw materials" for AI, it was particularly troublesome, either being costly or difficult to implement.

But what Irys @cn_irys_xyz wants to do is to make this data "come to life."

For example, if you take a photo and store it on Irys, not only can it be safely stored, but you can also set rules:

"Whoever uses this photo has to automatically send me some money";

Or let this photo be directly "read" by AI to become training material, helping AI generate images that resemble the style you shot.

It can even link this photo with other applications, such as automatically syncing to your social accounts without manual operation.

In simple terms, Irys is like a "workbench" for data, allowing data not only to be stored but also to "work" and "visit" on its own, playing a greater role, all at a low cost.

2: Let's take a look at what Irys can do and what benefits it can bring?

What Irys can do and the benefits it brings can be summed up as solving old problems, providing a platform for new fields, and possibly giving early participants the opportunity to profit. Specifically, it can be understood as follows:

1. Let's first talk about some real things it can do.

1) Let data "work flexibly" on the blockchain: Storing data on the blockchain used to be like locking files in a safe; getting them out for use required various twists and turns, which was slow and expensive. Irys is like installing a smart panel on the safe, allowing the stored data to "communicate" directly with various programs— for example, if you store a contract, it can automatically trigger payments, remind you of due dates, without needing manual oversight, which is much more efficient and cost-effective.

2) Let the data "run": Previously, where the data was stored was where it "stuck"; moving it to another application was particularly troublesome. Now, Irys allows data to move between different apps and scenarios. For example, the article data you wrote on platform A can be directly used by platform B to calculate creation rewards, without the need for re-uploading or verification, making it much more flexible.

2. The benefits brought are also very tangible.

1) Save trouble and enhance AI: AI training requires a large amount of data, but finding and processing data has always been a headache. Irys is like a "special market for AI," where the data is abundant and inexpensive, and it can be processed directly according to AI's needs — for example, if AI needs to analyze a batch of images, there’s no need to find additional tools to convert formats; it can be used directly, effectively giving AI a boost.

2) Pave the way for more new fields: For example, the currently popular DePIN, devices like smartwatches and cameras generate a ton of data every day. Irys can store this data at a low cost and process it quickly, allowing for smoother device interaction.
For example, on social media platforms, the posts and videos you share have clear and verifiable data sources. The platform rewards users based on the value of their data, making it fairer, and encourages everyone to create more enthusiastically.

3. Possible opportunities for ordinary people
It is about to officially launch soon, and early participating users may have benefits, such as the legendary "airdrop" (free token distribution). Some say that active users can average thousands of dollars, and the exceptional ones can exceed ten thousand.

Currently, its valuation is not high, especially compared to those projects valued in billions. If it develops later, the tokens in hand may increase in value, which represents a potential profit opportunity for early investors.

Three: Let's take a look at the Irys team and their cooperation background.

The Irys project has a reliable team, and the CEO is a veteran with ten years of experience in the blockchain storage field. Previously, he led the team to achieve impressive results with the Bundlr project, increasing Arweave's daily transaction volume from 10,000 to 15 million, accounting for 98% of the network's traffic, and helped over 300 projects go live.

The team members managing core positions such as technology, marketing, and AI are also experts in the industry.

In terms of financing, they raised 8.9 million dollars in the seed round, with investments from well-known institutions in the blockchain space like Framework Ventures, as well as several industry bigwigs.

Partners are indeed practical, SCAI migrated 100TB of academic data over, Warden brought in 5 million users, and Brickroad is expected to have institutional orders of 127 million dollars, which shows that it can actually be put to use.

Four: What are Irys's future plans?

Mainly three things:

The first thing: hurry up and finalize the mainnet and Token Generation Event (TGE), it's like officially opening a store after the trial sale phase. Once it's online, it can attract more people to use and develop it, allowing the entire ecosystem to run. After the tokens are issued, we can also secure more funding and attention, driving the project forward.

The second thing: Find more partners to expand the scope, plan to collaborate more in fields such as scientific research, finance, and social interactions, allowing more projects to utilize its data chain, for example, enabling data to play a role in more practical scenarios and fully tapping into the value of data.

At the same time, we will also improve our own technology and services, making it easier for the projects that join to use.

The third point: Continuously upgrading technology, the blockchain industry evolves quickly, and everyone's needs are changing. Therefore, Irys will continuously optimize these core capabilities of storage and computation, striving to be faster, cheaper, and more secure while maintaining a leading position in data.

Five: What are the pros and cons of Irys, and how to make a reasonable judgment?

The highlights are quite prominent.
1) The technology is innovative: the "programmable data chain" it creates can indeed solve many problems related to storing and using data in traditional blockchains, providing developers with a handy tool, which is quite innovative in the industry.

2) The team is confident: They have successfully completed projects in the past, whether it's in technology, promoting projects, or building ecosystems, they have the experience to steadily move the project forward.

3) The community is quite lively: users and supporters are very enthusiastic, not only making suggestions and identifying problems but also proactively helping with promotion. With more people, there is greater strength, which can help more people learn about this project.

4) There are many places it can be used: AI, decentralized device networks, and social finance are all areas where it can be applied. The potential for its future development is considerable, and the imagination is quite ample.

There are still some areas that need polishing.
1) Still in the growth stage: It is currently in the testnet phase, and the mainnet and token issuance have not yet officially launched. It may take some time to improve, and there may be minor adjustments during this process, but this is also a normal pace of growth for new projects.

2) Many peers: In the blockchain data sector, there are both seasoned veterans who have been around for quite a while and new players emerging. Irys needs to continue to make its unique features more distinct in order to better attract everyone.

3) Token mechanism to be verified: Currently, the entire system is driven by a single token, which simplifies the user experience. However, market fluctuations may impact the reward mechanism within the network. This part still needs to be gradually optimized during actual operation to make the entire system more stable.

Six: I recommend everyone to participate in this activity:

1) Clash Kaito Rankings: Go share some Irys-related content, with tags and more interactions, the rankings are rising quite quickly, and the Chinese region doesn't have many people right now, so it's a good opportunity to secure a position for yourself.

2) Play Arcade: Go daily to claim 0.1 $IRYS test coins, and then play mini-games, leaving a record on the chain to prepare for TGE.

3) Complete Questland tasks: store data, finish small tasks to earn points, which can be exchanged for tokens later. It's an easy thing to do, don't miss it.

4) Focus on Genesis Hunt: An event in collaboration with Irys and OKX, where you can mint Bitomo NFTs and have a chance to upgrade for a whitelist. Pay attention to official announcements.

Seven: Finally, let's summarize.

The Irys project does have something new, and the team has achieved things before. It has garnered quite a few followers and seems to have some potential.

However, it is not fully mature yet, and there are many similar things being done in the industry, with some areas that still need to be gradually improved.

Whether you want to do development on it or see if you can invest some money, you can take a good look. As for whether you can achieve great success in data, it ultimately depends on how it progresses!

But at the moment, it is indeed worth paying more attention to, plus there are certain rewards for the first thousand Kaito, and all content creators can also participate in this wave! Because the opportunity is indeed quite large!

If you really want to learn more about this project, you can follow the accounts of several key people involved:

CEO Josh's @josh_benaron
Manage the market @misterwestwolf
Want to know the latest updates on the technical agreement, see @DMacOnchain
The new situation in daily operations, just follow @lew_xyz.
#Irys项目 # blockchain data #可编程数据链 # Layer1 blockchain