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Irys: A $3 Trillion Data Economy, Returning Value to Creators
We create massive amounts of data every day—a social share, a video view, a map navigation. We are the original creators of this data, but even if we only capture 1% of this $3 trillion global data economy, it's worth tens of billions. But how much value do creators truly derive?
The vast majority of data creators are like "tenant farmers" in the digital world, diligently cultivating their data, while the platforms, the "landlords," reap the lion's share of the profits. A vast "value gap" lies between creators and the value they create.
Irys is attempting to challenge this injustice. Its ambitious goal is to become the AWS (Amazon Web Services) of the decentralized world and fundamentally establish a new set of rules to return the value of data to creators.
For example, a photographer uploads their high-definition work to Irys. They can set a smart contract rule: for any user who pays 0.1 tokens, the system automatically grants them access to the original, unwatermarked image. The entire process is fully automated, requiring no manual confirmation of payment or file transfer. A photographer's work, or rather, their data, becomes a "smart asset" that generates revenue and automatically enforces rules.
This is the power of "data programmability," which brings astonishing efficiency and cost advantages. Compared to Filecoin, a leading decentralized storage solution, Irys' storage costs are 20 times lower, and data retrieval is instantaneous.
➤ With such a grand vision, has it been market-proven?
First, there's the backing of top-tier capital. On August 21st, Irys completed a $10 million Series A funding round led by top venture capital firm Coin Fund, bringing its total funding to $20 million. This investment is not only financial support but also a testament to the company's technological prowess and market prospects. This last-minute institutional entry acts as a powerful catalyst, quickly dispelling early uncertainties.
Second, there's the all-out investment in leading commercial applications. Numerous companies with annual revenues exceeding tens of millions or even hundreds of millions of dollars have chosen Irys as their underlying infrastructure:
🔹Aethir: Decentralized GPU network, with annual revenue of $36 million.
🔹Metaplex: NFT infrastructure, with annual revenue reaching $137 million.
These truly profitable companies have cast a valuable vote of confidence in Irys's technology and commercial viability through their core businesses. Their successful business cases have attracted more projects to join, and the ecosystem has begun a positive cycle.
➤ Conclusion: Towards a Democratized Data Future
The Irys story is not only about technological innovation and market opportunities, but also deeply reveals the next key evolutionary direction in the digital age: the redefinition and redistribution of data value. From centralized monopoly to decentralized empowerment, this is a vision for data democratization and the return of value.
Irys' core value lies in its precise grasp of the enormous opportunity within the vast data economy where creators' value has yet to be fully realized. With strong endorsement from top institutions, a proven leading business model, and a disruptive and ambitious vision, it is poised to become a key entry point into the future creator economy.

Irys (✧ᴗ✧)
@irys_xyz
08-21
WE'RE THRILLED TO ANNOUNCE...
Our $10M Series A fundraise, led by @coinfund_io, bringing our total funding to $20M.
The rhythm of taking off
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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