"AI's New Frontier: Irys Launches World's Fastest Blockchain for AI Data"
1min read Irys, a pioneering blockchain company, has launched the first programmable data chain tailored for artificial intelligence (AI), marking a significant step in addressing a key bottleneck in AI development. The Irys testnet, which has achieved an impressive 100,000 TPS (transactions per second), is 6000 times faster than Filecoin and 20 times cheaper than Arweave, demonstrating its potential for scalable and low-cost storage.
The Irys testnet features a native EVM (Ethereum Virtual Machine) execution layer and unlimited data capacity, enabling it to combine low-cost, scalable storage with EVM-compatible execution. This innovative approach aims to address a critical challenge in AI by providing a platform that can support the vast amounts of data generated by AI models and applications.
Josh Benaron, Founder and CEO of Irys, highlighted the potential of AI programmability, stating, "Irys aims to enable AI to unlock entirely new applications through programmability. AI can generate unlimited digital content, and blockchain ensures that this content is verifiable and scarce. Irys is not just about storage; it enables intelligent agents to communicate, share memories, and break down isolated barriers. When agents can discover and learn from each other, they become exponentially smarter. This is just one of the application scenarios."
Irys is the first programmable L1 data chain designed specifically for AI, going beyond existing L1 models. By combining a low-cost storage layer with a high-performance, EVM-compatible execution layer (IrysVM), Irys achieves data programmability that no other data chain has accomplished. The company has raised $8.9 million to date, with backing from prominent investors such as Lemniscap, Framework Ventures, and Primitive Ventures.
