Arweave Weekly Highlights Week 27｜Arweave Endowment Reaches $2 Million, Odysee to Announce Its Biggest Update in Two Years, and RedStone Completes $15 Million Series A Funding
Author: wenchuan
Translator: AyamGoreng
Reviewer: Bananaa
Source: Content Guild Translation
Data from Arweave Network Last Week:
Arweave mainnet has completed a total of 190,067,104 transactions, with 1.78 TiB storage achieved in the past week.
Storage fee for this week stands at 0.748 AR/GiB, block reward at 3,146 AR, and endowment increased by 1,181.82 AR.
PermaDAO Incentive Distribution:
PermaDAO distributed a total of 131.77 $AR (equivalent to 2,894.44 USDC) and 6,794 $BP as contribution incentives last week.
Weekly News Summary
🔥 Arweave Endowment has surpassed 85,000 $AR, valued at approximately $2 million.
🔥 RedStone announced the completion of a $15 million Series A funding round, led by Arrington Capital.
🔥 BazAR Marketplace is now live on AO.
🔥 Odysee will roll out its biggest update in two years on July 10th.
🔥 Apus Network announced that its Benchmark POC will officially commence on July 15th.
🧵 AO Ventures will host a Demo Day on July 12th.
🧵 Astro USDA updated its interface and announced entry into the second phase of the testnet.
🧵 ar.io highlighted changes post-migration to AO, covering aspects such as ArNS and test IO tokens.
🧵 Protocol.land Launches Third Round of Bounty Activities.
🧵 ViewBlock announced functional updates, including displaying AO balances for Arweave addresses.
🧵 BazAR Marketplace simplified UDL selection, allowing users to create projects their way.
🧵 Operation Liquidity users have staked assets worth $10 million, with over 1,000 users on the waiting list.
🧵 Llama Land announced the allocation of $LLAMA to users on the waitlist as a reward.
🧵 Astro USDA announced a partnership with @TyprDay.
🧵 Mind Network announced a partnership with MagnetAI.
🧵 Adot, ar.io, and Mind Network will host events during ETHCC.
Network & Project Progress
The Arweave Endowment has surpassed 85,000 $AR, valued at approximately $2 million.
RedStone announced the completion of a $15 million Series A funding round to expand the scale and capabilities of its products.
The round was led by Arrington Capital.
Previously, RedStone raised a total of $7.52 million in early seed and seed rounds.
Odysee will roll out its biggest update in two years on July 10th.
Astro USDA updated its interface and announced entry into the second phase of the testnet.
ao Builders announced that the first game rewards for Cyber Beavers have been distributed.
The game token, CBCcoin, is now integrated into ArConnect.
Players can mine CBCcoin on the map or obtain it by defeating other players.
On July 2, one player mined 1,500 CBCcoins in 30 seconds on AO.
BazAR Marketplace is now live on AO.
AO Ventures will host a Demo Day on July 12th.
The event will showcase the best startups from its 10-week incubator program focused on the AO and Arweave ecosystems.
Registration link: https://www.crowdcast.io/c/aoventuresdemoday
Apus Network announced that its Benchmark POC will officially commence on July 15th.
Benchmark POC (Proof of Concept) is an experimental test to verify whether a decentralized GPU network can operate effectively without centralized control or management.
Adot announced its co-hosting of the Brussels Data Ecosystem Builders Meetup organized by @zkPass during ETHCC.
Event registration link: https://lu.ma/n9qrg8ol
Protocol.Land launched the third round of its Bounty with a $100 reward.
ViewBlock announced functional updates, including displaying AO balances for Arweave addresses.
The update also includes viewing the AO holdings leaderboard and supporting ArNS searches.
ar.io will host an event on July 8th during ETHCC with @developer_dao and @lastdotnet.
Event registration link: https://lu.ma/developerdao
ar.io announced changes post-migration to AO, covering aspects such as ArNS and test IO tokens.
ArNS: Adjustments are ongoing, with all names successfully migrated but some ANT issues remain.
Test IO tokens: tIO balances have been reset, view token here.
Gateway operators: Gateway stakes have been reset to a minimum of 50,000 tIO; operators need to update to the latest node software by July 2, 0:00 UTC.
BazAR Marketplace simplified UDL selection steps, allowing users to create projects their way.
Usage link: https://helix.arweave.dev/#/
Operation Liquidity users have staked assets worth $10 million, with over 1,000 users on the waiting list.
Mind Network will host an event on July 9th during ETHCC with @babylon_chain focusing on re-staking, FHE, and AI-related topics.
Event registration link: https://lu.ma/64uks6g3
Llama Land announced the allocation of $LLAMA to users on the waitlist as a reward.
Project Collaborations & Integrations
Mind Network announced a partnership with MagnetAI, enabling the secure processing of encrypted data on the cloud.
MagnetAI is a pioneer of the first ModelFi protocol, aiming to create financial opportunities for AI creators, users, and investors through blockchain principles such as tokenization, incentives, and monetization.
Astro USDA announced a partnership with @TyprDay.
Typr is an innovative social platform built on AO, and its testnet now supports USDA.
Ecosystem Education
Permaswap released an operational guide titled "Permaswap on AO Yield Farming Guide."
The guide is applicable to the liquidity mining activities of Permaswap's AO version.
It covers ongoing activities, participation methods, and reward collection.
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