Arweave Unveils Exciting Plans for the Immediate Future

Decentralized storage network Arweave recently shared a number of new updates on Twitter involving the future plans and goals of the project. The revelations were revealed during the first Asian event that the project was hosted on September 27th, in association with everFinance. The event took place at The Arts House, which is the former Singapore Parliament, and it marked the first time Arweave’s core ecosystem had met in Asia to discuss the future possibilities and opportunities that may open up for the project.

The event was a major success, as can be seen, based on the following announcements.

A series of announcements made during the Asian event

Starting off, Arweave announced the launch of the Digital History Association, which is a Swiss non-profit association focused on Arweave protocol research and development. The new association will be led by some of the members of Arweave’s own protocol and tooling development team.

📢 We are the Digital History Association (DHA), a new Swiss non-profit for the development & research of the Arweave protocol.

👨‍💻 Arweave preserves human history & knowledge. Along with the rest of the community, we work to develop and improve the Arweave protocol.

— Digital History Association (@dh_association) September 27, 2022

The association’s first order of business is an even more exciting announcement, as the newly formed team will work on releasing the Arweave 2.6 specs and testnet. The project has shared that the 2.6 version will radically decrease energy usage within the network while mining efficiency will skyrocket. In other words, the project will see more data for a significantly reduced amount of power required to obtain it.

3/ The first order of business for @dh_association? 🤔

📣 Releasing the Arweave 2.6 spec and testnet 🎉

Arweave 2.6 radically decreases energy usage in the network, increasing mining efficiency: more data, less power.https://t.co/e9JhTfrWJX pic.twitter.com/qRcLlNeBdz

— Arweave Team (@ArweaveTeam) September 27, 2022

What else is going on?

The third big announcement involved the launch of Forward Research. Forward Research comes as a continuation of the success seen by the project’s incubation program, which will now evolve into a fully-fledged permaweb incubation and support outfit. Its mission will be to spearhead permaweb adoption alongside the DHA, Community Labs, and Hansa Network, among others in the Arweave community. The project is even organizing a separate event involving this project, which users can already register for and learn more about on the official Forward Research corner of Arweave’s platform.

Last but not least, Arweave also announced the launch of the Arweave Asia Fund. The fund will be building and encouraging the adoption of the project’s ecosystem in South-East Asia and beyond, as the Asian market has proven to be more open than most to accepting new technologies and adopting new use cases of the crypto industry. With the market that is open to innovation, Arweave sees great potential in the sector, both in terms of adoption and development of new projects which might emerge down the road.

If, or rather when it happens, the project wants to be ready to provide support and funding as per need in order to help the growing adoption of the crypto market in this area of the world.

To learn more about Arweave, visit our Investing in Arweave guide.