Users on Arbitrum can now permanently store their data on Arweave via Bundlr Network
We are excited to announce a new partnership between Arbitrum, Arweave, and Bundlr Network. This partnership will enable users on Arbitrum to permanently store their data on Arweave via Bundlr. Arweave is the only decentralized data chain where data is stored permanently, and Bundlr offers fast, multi-chain support for Arweave. The integration of Arbitrum and Bundlr means that developers will have easy access to the Arweave network and can pay for data uploads with ETH.
Arbitrum One, created by Offchain Labs, is a developer-friendly Layer 2 solution for Ethereum and offers a broad ecosystem of support. It allows developers to use Ethereum with significantly less gas fees, without sacrificing the security Ethereum offers. It is EVM compatible to the bytecode level, allowing projects to be deployed without developers needing to change the code in the contracts.
Permanent data storage offered by Arweave continues to increase in importance as blockchains continue to scale and handle more data. It allows developers to indefinitely store information on-chain, without risk of the data being tampered or altered. Arweave is among the first decentralized data networks and the only that can store data permanently. It is the most secure way to store data.
The rise of NFTs is one of the primary reasons why permanent data storage is in such demand. In the past year, the demand for NFTs increased significantly, generating over $23 billion in trading volume in 2021. Contrary to popular belief, NFT’s digital assets, metadata, and code are not always stored on their native blockchain but on centralized servers. This leaves the NFT at risk of being lost if there were a hard drive failure or if a node went offline. Given the tremendous amount of money in NFTs, this is a huge risk for creators and developers.
Arweave offers a decentralized, scalable, secure, long-term storage for a one-time fee. It is an unparalleled solution that NFT holders and creators have confidence in, knowing that their assets will be safe indefinitely. Bundlr offers an easier way to access Arweave that is 4000x faster without sacrificing security.
Now that Arweave is accessible on Arbitrum, developers can now take advantage of Arweave’s permanent, secure data storage via Bundlr. To learn more about how to use this new integration, check out Bundlr’s documents.
To learn more about Arbitrum, click here.
