Arweave (AR)

$16.17

+1.15%

Explore the Arweave (AR) ecosystem for permanent, decentralized data storage. Secure your information with blockchain technology.

Arweave (AR) Price Real Time-Data

The live price of Arweave (AR) is $16.17 with a 24-hour trading volume of $139.63M. Its 24-hour peak value is $18.37, and its 24-hour low is $16.04. The current circulating supply is 65.65M AR, out of a maximum of 66M AR, leading to a fully diluted market capitalization of $1.06B. The Arweave (AR) to USD price is updated in real-time.

What Is Arweave (AR)?

Arweave is a decentralized storage network offering indefinite data storage, known as the permaweb, hosting community-driven applications. It utilizes the AR cryptocurrency to reward miners for storing data.

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FAQ

Who Are the Founders of Arweave (AR)?

Arweave was founded by Sam Williams and William Jones, both Ph.D. candidates at the University of Kent. Williams conceived the idea during a mountain walk, later developing it with Jones. Williams continued the project after Jones left in 2018.

How Many Arweave (AR) Are There?

Arweave has a maximum token supply of 66 million AR. 55 million AR was minted at the network's inception in June 2018, with an additional 11 million introduced gradually as block rewards.

What Are the Potential Use Cases for Arweave (AR)?

Arweave's permaweb provides permanent, decentralized data storage, ideal for applications requiring long-term data preservation. It incentivizes developers through profit-sharing tokens, fostering a sustainable ecosystem.

What Is the History of Arweave (AR)?

Arweave, initially known as Archain, was announced in 2017 by Sam Williams and William Jones. It officially launched in June 2018, aiming to create a decentralized network for indefinite data storage. Arweave received funding from prominent investors, enabling its development and expansion.