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Irys Mainnet Launch Imminent: Founder Hints at Q3 Rollout After $10M CoinFund-Led Raise

Irys Mainnet Launch Imminent: Founder Hints at Q3 Rollout After $10M CoinFund-Led Raise

In a recent appearance on The Rollup podcast, Josh Benaron, founder of Irys, dropped some exciting hints about the project's upcoming mainnet launch. "Mainnet is coming very soon," Benaron said, adding that while he won't pin down an exact date, it's "around the corner." He even teased that if it slips into Q4, it'll be "very, very, very early" in the quarter. This comes fresh off the heels of Irys announcing a $10 million Series A funding round led by CoinFund, bringing their total funding to $20 million.

For those new to the scene, Irys is pioneering what's called a programmable datachain—a fancy way of saying it's a blockchain layer dedicated to handling data in a super efficient, cost-effective manner. Unlike traditional storage solutions that just park your data somewhere, Irys lets developers embed instructions right into the data itself. This means data can trigger actions like automating AI workflows, enforcing ownership rules, or even kicking off smart contracts, all onchain. It's built to handle the exploding demand for high-performance data in areas like AI, intellectual property, and consumer apps.

Why does this matter for the meme token crowd? Well, memes thrive on virality, community engagement, and often involve tons of media like images, videos, and NFTs. Irys's tech promises cheaper and faster storage than Web2 clouds or other Web3 options, with stable pricing that avoids those pesky fee spikes. Imagine launching a meme token ecosystem where data isn't just stored but actively works for you—programmable elements could automate royalty distributions for meme creators or integrate with AI to generate fresh content on the fly. As blockchain practitioners, this could supercharge how we build and scale meme projects, making them more interactive and sustainable.

The funding round, which also saw participation from investors like Hypersphere, isn't just about the cash—it's a vote of confidence in Irys's vision to unlock a $3 trillion data economy. CoinFund, known for backing innovative crypto projects, sees Irys as a key player in making onchain data composable and shareable across applications. This means different projects can build on each other's data layers, creating network effects that benefit everyone in the ecosystem.

Benaron's comments during the interview highlight the team's focus on delivery. With mainnet on the cusp, developers and users can look forward to testing these features in a live environment soon. If you're into blockchain tech or eyeing ways to enhance your meme token strategies, keep an eye on Irys. It's not just another storage solution; it's a foundation for the next wave of onchain innovation.

For more details on the funding, check out the official announcement on Irys's X post. And if you want to dive deeper into the podcast clip, head over to The Rollup's tweet. Stay tuned—things are heating up in the data layer space!

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