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2019-11-06 03:32:21

Blockchain startup Arweave secures $5 million in funding round

A blockchain startup called Arweave that draws inspiration from one of the most extensive and significant libraries in the world, the Library of Alexandria has secured a thumping five million US dollars ($5 million) from a funding round led by prominent venture capital firm, Andreessen Horowitz. By now, anyone who has closely followed this space for some time knows that blockchain can potentially change the way we shop, we eat, we bank or manage our money. Arweave founder, Sam Williams, believed in 2017 that blockchain could also transform the way we store our information. Thus, came into existence, the Arweave