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People are so focus on DeFi they are missing alpha elsewhere.
Arweave is a protocol/platform designed to provide scalable and permanent on-chain data storage in a sustainable manner.

The team spent the last 3 years making a decentralized, low-cost data storage protocol that can scale.
The token economy is based around two main factors : Cost of Perpetual Storage and Storage Endowment.

They achieved a transaction pricing model (PoA +PoW) that sustainably incentivise the perpetual storage of arbitrary quantities of data.
This mean the Arweave network need it's token AR to function correctly.

The token in the system have two valuable functions : Encoding data into the system + Rewarding miners.

This mean AR tokens have a non-zero financial value.
But this isn't the good stuff. The protocol interoperability make a permaweb on top of it possible.

Furthermore they already incentive's the development of application around the protocol.

They are building a permanent and ever evolving ecosystem.

Think about it.
The 2017 pre-sale of "Archain" (ARC) was done on their website and could only be purchased with a credit card.

The few that got in got a paper wallet *months* later.

Then there was no way to buy or sell ARC beside large OTC order until recently.
Now the candies :

- Novel PoA blockchain protocol that solve an actual problem
- Solid team + working product (already 500+ nodes)
- Low profile ICO
- 55 million AR on genesis block. 66 million AR total = low supply
- Only large OTC was possible until recently
- Only got listed recently few exchanges (only one/two are reliable)

- Even after years, the team have no interest in having the token listed elsewhere

TL;DR still not easy to get
- Raised $8.3 billion from Coinbase Ventures, a16z and USV.

This money is only for the Arweave community, to develop an ever data consuming ecosystem.

Arweave Grants + Arweave Boots.

Coinbase is expecting to add the token.
Now the question :

What is the market cap of a novel protocol that enable a permaweb with an ever growing ecosystem on top of it?

Literally giving the Alpha...
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