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Blockchain storage app ArDrive raises $17.2m

Luke Martin - Cryptowisser
2022-02-28 12:00
ArDrive, a storage app which runs on the ArWeave blockchain, has raised $17.2 million in seed funding.The funding round was led by 13 investors, among whom were the ArWeave Team, Sino Global Capital, and Blockchain Capital.ArDrive currently stores more than 6 million files that include text, audio, video, and photos.
Arweave (AR) is up 4.90% in the last day and is currently trading at $30.70. Arweave is a storage network built on a decentralized network structure called “blockweave technology”. Arweave is not strictly a blockchain, but a graph structure that links each block to two prior blocks.
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