Arweave Ecosystem Weekly Report #2: AR we Famous Yet?
A new week passed, and the Arweave ecosystem is still growing with an unstoppable curve. While the NFT industry is reaching new highs and gaining wider exposure, Arweave is seeing even more adoption as a robust and permanent way to store these valuable assets and metadata
I. Arweave Network
1. Vartex gateways
The decentralized web on top of the Arweave network, the Permaweb, is more decentralized due to a new containerized service, built on Amplify, which makes Arweave gateways easier to deploy. Click here for more information
2. Arweave Tx bundles enable massive scalability
Sam Williams, the founder of the Arweave network, shared a tweet explaining the potential of Arweave bundles and how it could surpass the scalability of Web2 Tier 1 social network with data handling and storage scalability. Sam referenced the Sollamas NFT minting event as a recent example:
Want to see something cool?https://t.co/g70lmUGmy8
It cost $0.37 and synced atomically, in just a few minutes.
How? A deep dive 🧵 on storage scalability 👇
— Sam Williams (@samecwilliams) August 20, 2021
3. Arweave Team are recruiting a Chief of Staff
The Arweave team is looking for a person to work very closely with Sam Williams as chief of staff.
— Arweave Team (@ArweaveTeam) August 20, 2021
4. Arweave mentioned by Visa
The payments industry’s giant, Visa, shook the crypto-ecosystem this week with a tweet announcing they have bought their first Cryptopunk:
— VisaNews (@VisaNews) August 23, 2021
However, what’s more interesting is the mention of Arweave as a permanent storage solution in Visa’s NFT whitepaper:
Great to see @Visa point to Arweave for permanent storage in their NFT whitepaper!
— Sam Williams (@samecwilliams) August 23, 2021
5. New $AR listing
AR token has been listed recently in a new T1 CEX, WazirX.com
AR deposits are live 🚀
Spread the word 🙌
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) August 23, 2021
6. A huge spike in social activity
According to LunarCrush’s analysis report, Arweave social activities were seeing a noticeable pump in line with AR’s token price.
Arweave 1-Week activity has been 🔥🔥🔥
— LunarCRUSH 🚀 Social Listening for Crypto (@LunarCRUSH) August 16, 2021
7. Koii Network release atomic NFT standard and documentation
Koii has published documentation to help explain and popularize Arweave-based atomic NFTs. Atomic NFTs are characterized by the fact that both the asset and the metadata are stored in the same transaction, and permanently. Check out atomicnft.com here, and read the Koii atomic NFT standard on GitHub.
II. Ecosystem Traction
1. Arweave Fees
Hello world! 👋 Meet Arweave Fees ♾💾
Arweave Fees is a website that gives you an easy way to see the real-time cost of Arweave storage as well as a handy fee calculator.
Check it out below 👇
Direct URL: https://t.co/Mpn0UVoHSS
Arweave URL: https://t.co/236Ut0GdNW
— Arweave Fees (@ArweaveFees) August 21, 2021
2. Arweavers AMA: ArDrive
3. fQR Weave
The digital authentication project, powered by the Permaweb technology — fQR Weave — is back and working on upgrades on the project’s level. The project will use Atomic NFTs and was invented by Arweave community developers to stop NFT forgery.
We are back with truly amazing updates! Major updates and codebase refactoring are on their way to the product.
We will be focusing on making fQR-Weave more decentralized, productive, and DAO tokenomics.
Stay tuned! 👀
— fQR Weave (@Fqr_Weave) August 18, 2021
4. Mechanism Capital establishes $AR position
Mechanism Capital announced on Twitter their recent position in AR tokens. This coincided with an informative thread about the Arweave network:
1/ We've recently established a position in Arweave ($AR)
A thread on some of our research, and an update on the current state of @ArweaveTeam
— Mechanism Capital (@MechanismCap) August 17, 2021
5. redstone.finance adds over 900 new data sources
The Arweave-based Oracle platform RedStone expands its tracked data list by 10x to cover Arweave native PSTs, other tokens, ETFs, and commodities:
Scaling supported tokens from 100 to 1000+ went smoothly 😎 It's just another proof that #arweave works great for the next generation of #DeFi #oracles. Check out our data, which now includes: #crypto, #stocks, currencies, #PSTs, ETFs and commodities, at https://t.co/k1SLkOXNVK pic.twitter.com/eO8ubDHRjc
— redstone.finance (@redstone_defi) August 24, 2021
6. KYVE shares roadmap on the network’s half birthday
KYVE has been operating publicly for six months now, and today they shared what has been done, their traction, and their roadmap for the future. Also, there will be exclusive NFTs to be distributed as gifts to celebrate the first six months of KYVE. Read the update on the KYVE blog here.
7. glass.xyz’s first video auction goes live
The glass.xyz Protocol celebrated their first video auction ,which is also, they claim, the first music video on the Permaweb.
THE FIRST VIDEO AUCTION ON GLASS
THE FIRST MUSIC VIDEO ON THE PERMAWEB
— glass.xyz ✨ (@GlassProtocol) August 23, 2021
III. Ideas & Bounties
1. Forkable permanent databases
David Whittington, a veteran developer and Arweaver, shared on his Twitter account a “free” idea for who might be interested in building it
Free idea: DataScript TX log saved on Arweave – forkable permanent DBs.
— David Whittington (@djwhitt) August 22, 2021
2. A metaverse on the permaweb
Arweave founder Sam is open to offer a grant to any team that’s interested to build a decentraland-like project on Arweave’s Permaweb; a metaverse where all digital assets are held in collective commons, accessible by everyone, forever.
Digital _abundance_, rather than scarcity, is of the most exciting and under-explored areas of the permaweb.
What happens if we build a metaverse where all digital assets are held in collective commons, accessible by everyone?
Keen to fund experiments in this area! DM me 🙂. https://t.co/OGSgAHEupi
— Sam Williams (@samecwilliams) August 24, 2021
IV: Inside arweave.news
While the arweave.news team is most dedicated to being the best source of ecosystem news, we also have a drive to provide decentralized tools which other media companies on the permaweb can make use of.
Arweave AMAs to support ArConnect and Finnie
One is our AMA site, introduced in this article. Over the next week, we’ll be revamping the site to support login with ArConnect and Finnie thanks to help offered by the team at Koii Network!
Hey @ArweaveNews could we give you guys a grant to connect Finnie and ArConnect to the AMA portal? This would probably really help with engagement since many of our users use a 12 word seed phrase and not a JSON key for their wallet!
— al (@al_koii) August 22, 2021
Decentralized podcast platform permacast nears launch
Over the last month, the arweave.news team has been working on developing a SmartWeave-based podcast hosting app for the permaweb. We’re excited to say that the app is nearing completion and will be launching a testnet soon.
Do you run a podcast and want it featured on the front page of permacast? Do you have a news item you’d like to see included in next week’s report? Get in touch on Twitter – DMs open.