In a groundbreaking development for the data economy, Irys has secured $10 million in Series A funding to launch the world’s first programmable datachain infrastructure. This revolutionary technology aims to unlock the $3 trillion data market by enabling creators to finally capture value from their generated content.
What Makes Programmable Datachain Technology Revolutionary
Irys represents a paradigm shift in data infrastructure. Unlike traditional blockchain solutions that offer static storage, this programmable datachain combines verifiable data with native smart contract execution. Consequently, data becomes an active economic asset rather than passive information. Moreover, the platform enables embedded instructions for licensing, monetization, and access control directly within the data layer.
Series A Funding and Strategic Backing
CoinFund led the $10 million investment round with participation from prominent venture firms including Hypersphere, Tykhe Ventures, and Amber Group. This funding brings Irys’s total capital raised to $20 million since 2024. Significantly, the investment demonstrates strong institutional confidence in programmable datachain infrastructure. Additionally, the platform has already processed over 600 million data transactions and attracted 4 million active wallets.
Solving the $3 Trillion Data Economy Problem
The global data economy suffers from fundamental inefficiencies. AI companies scrape trillions of dollars worth of content while creators receive no compensation. Similarly, enterprises possess valuable datasets they cannot effectively monetize. Irys’s programmable datachain directly addresses these challenges by transforming static data into programmable economic assets. Furthermore, the platform offers infinite data capacity with predictable pricing anchored to physical storage costs rather than volatile token markets.
Technical Advantages of Programmable Datachains
Irys’s architecture provides several critical advantages over first-generation solutions. The programmable datachain enables smart contracts to read, modify, and act on stored data natively. This capability facilitates automated licensing agreements and verifiable AI training processes. Importantly, developers can implement the technology within hours using familiar EVM-compatible tools. This dramatically reduces integration time compared to legacy alternatives that often require months of development.
Institutional Adoption and Strategic Partnerships
The platform has already attracted over 80 strategic partners focused on AI use cases. These partners represent businesses generating hundreds of millions in revenue. Their adoption underscores the practical utility of programmable datachain technology for enterprise applications. Additionally, Irys has built a community of 500,000 members across eight countries, positioning itself for significant market capture as AI demands more sophisticated data infrastructure.
Future Roadmap and Mainnet Launch
The Series A funding will accelerate infrastructure expansion and team growth ahead of Irys’s upcoming mainnet launch. The investment will also fuel strategic partnerships and institutional adoption of datachain technology. Ultimately, Irys aims to become the foundational infrastructure containing humanity’s most critical information while ensuring creators receive fair value for their contributions.
Frequently Asked Questions
What is a programmable datachain?
A programmable datachain combines verifiable data storage with native smart contract execution, enabling data to carry embedded instructions for licensing, monetization, and access control.
How does Irys differ from traditional blockchain storage?
Unlike static storage solutions, Irys allows smart contracts to actively interact with stored data, transforming information into programmable economic assets that generate value for creators.
What problems does Irys solve for the data economy?
Irys addresses the $3 trillion data market inefficiency where creators cannot capture value from their generated content and enterprises struggle to monetize valuable datasets.
Who are Irys’s main investors?
CoinFund led the Series A round with participation from Hypersphere, Tykhe Ventures, Varrock Ventures, Breed VC, Echo Group, Amber Group, and WAGMI Ventures.
When is Irys’s mainnet launch scheduled?
While no specific date is provided, the Series A funding will accelerate development ahead of the upcoming mainnet launch.
How can developers implement Irys technology?
Developers can integrate Irys using familiar EVM-compatible tools, typically requiring hours rather than months of implementation time associated with legacy alternatives.
