Arweave to Release ZkIPFS

WeaveDB has introduced zkIPFS, turning Arweave into a permanent IPFS node with zero-knowledge verifiability. This feature enables storing JSON permanently and querying it from anywhere, while zkNFT allows Solidity contracts to fetch off-chain metadata via zkCID, bridging IPFS on Arweave to the EVM.

AR Info

Arweave is a decentralized storage network designed for indefinite data storage. It functions as a “collectively owned hard drive” that supports “the permaweb”, a permanent, decentralized web with various community-driven applications and platforms.

The Arweave network operates using a “blockweave” technology, a variation of blockchain where each block is linked to both the previous block and a random earlier one. This structure incentivizes miners to store more data, as they need to access random previous blocks to add new ones and earn rewards. This mechanism ensures the indefinite storage and accessibility of data across time.

The native cryptocurrency of the Arweave network, AR, is used to compensate miners for storing the network’s data indefinitely. Arweave also supports a sustainable ecosystem with “profit sharing tokens”, enabling developers to earn dividends from transaction fees generated by their applications. Additionally, the project provides support to startups through its “Boost” program, offering free storage and access to the Arweave team and industry investors.