The significance of CoinFund's investment in Irys and the transformation of Web3 data storage When I saw the news that CoinFund led a $10 million investment in Irys, to be honest, my first reaction wasn't "another storage project got funding," but rather I recalled the pitfalls I encountered in Web3 over the years. The pain points and real dilemmas of Web3 storage Back in 2021, when I was working on my first NFT project, I was really troubled by storage issues. If I put images on IPFS, they would be inaccessible every few days; if I put them on the Ethereum blockchain, the gas fees for a single image would be hundreds of dollars—who can afford that? In the end, I compromised: the core contract was on-chain, while the image data was secretly stored on AWS. At that time, I thought, isn't this ridiculous? We were promised decentralization, yet the most critical data still relied on centralized services. If Amazon's network goes down, our "decentralized applications" would immediately...
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