Is The Future of Data Storage Decentralized?

Arweave solves the issue of a centralized entity controlling data storage by storing data and files permanently across a network of computers while using cryptocurrency to create a marketplace for exchanging coins and data storage services. Community Lab’s 19-year-old Founder has now raised $30 million as he continues to develop the platform and expand its utility potential.

  • Arweave has become a reliable decentralized data storage platform.
  • Community Labs’ 19-year-old founder raised 30$ for the crypto startup.
  • Putting college on hold, Berenbaum has placed Arweave in a favorable position to benefit from the continuous development of Web3 infrastructure.

Instead of letting COVID stop him in his tracks, Community Labs’ founder, then high school student, Tate Berenbaum began creating software and developing tools on the Arweave platform during the pandemic. Now 19 years old, Berenbaum has developed a blockchain-like platform to store permanent data. Although it is technically not a blockchain, Arweave is software …

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