Buy Arweave (AR)

$0.00

0.00%

AUD

AR

We charge a trading fee of 0.6% on all trades along with the spread

Global Rank

Current global rank based on market cap.

Market Cap

The total value based on current price x supply.

24Volume

The total value traded in the past 24hrs.

All Time High (ATH)

The highest dollar value 1 has sold for.

Trade Activity

The % of buy and sell on Swyftx within past 24hrs.

Global Rank

#0

Market Cap

$0.00

24hr Volume

$0.00

24hr Change

0.00%

What is Arweave ?

What is Arweave ?  

Arweave (AR) is a decentralised data storage protocol that aims to offer blockchain-based organisation a permanent data storage solution.  The protocol connects people with spare hard drive space to individuals and organisations that need data stored.  This process of creating a collectively owned hard drive has become a popular permanent storage option for non-fungible tokens (NFTs). 

The Arweave network is built on blockweave technology and allows users to preserve valuable information indefinitely. On top of this network, Arweave has developed a community-driven permaweb that anyone can contribute to and potentially be paid to maintain.   

Arweave tokens, known as AR, are primarily used for protocol governance, network transactions and distributed data storage. The project places a strong emphasis on letting its community make decisions on what is built on the storage protocol.   

Interest in buying Arweave? Swyftx has some of the lowest trading fees and smallest spreads on the Australian crypto market. Sign up to Swyftx Crypto Exchange to start trading today. 

  

Who are the founders of Arweave?  

Arweave was co-founded by Sam Williams and William Jones, both are Ph.D. candidates who studied at the University of Ken. Williams has a deep knowledge of decentralised technology and developed his own operating system called HydrOS while at university. Williams vision was to create a truly permanent data storage method that utilises blockchain technology. He brought Jones on to develop the technical details of the project, however, Jones later left the project to complete his Ph.D.   

in 2019 Arweave raised $5 million from venture capital firms Union Square Ventures and Andreessen Horowitz.

Frequently Asked Questions

Why does Arweave have value?

Arweave aims to ensure users can share and store data permanently across generations. Arweave’s Permaweb provides indefinite storage for community-built applications and web platforms. The Arweave protocol is focused on creating a sustainable ecosystem. The network rewards miners and developers with “profit sharing tokens” that receive dividends from transaction fees that are generated on the network.   

The Arweave team have also introduced a program called “Boost” that provides free storage to start-ups. 

What are AR tokens used for?

The Arweave network is powered by AR tokens. These tokens are used as a form of governance within the network and to pay for transaction fees and storage costs. Arweave has a maximum token supply of 66 million. 

How is Arweave price determined?

the price of Arweave is determined based on the supply and demand for the asset. This is similar to how many other investments like stocks and commodities value are determined. If there is high demand for Arweave the price will likely rise, decreased demand will cause the asset price to fall. 

Arweave supply also affects the asset price, if there is excess supply and low demand the price will fall. When demand exceeds the assets supply the price will increase.

How to buy
Arweave (AR)

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