How Irys Enables Onchain Data Storage and Provenance

Connor welcomes back old co-host Sami Kassab (now a Partner at OSS Capital) and guest Josh Benaron, founder of Irys, a next-generation data provenance and storage L1. They delved into the evolution of Irys from its origins as Bundlr, an L2 solution for Arweave, to its current status as a programmable data chain. Josh shared his insights on the importance of storytelling and writing for founders, emphasizing how effective communication can significantly impact hiring, fundraising, and overall success.

They explored Josh's unique journey, including his decision to drop out of university to pursue his entrepreneurial ambitions in the crypto space. He discussed the vision behind Irys, which aims to unify data services on-chain and support applications that rely heavily on data. Josh also addressed the differences between Irys and other projects like Filecoin, highlighting how Irys enables programmability at the data level, which he believes is crucial for mass adoption.

As they wrapped up, they touched on the future of decentralized applications (dApps) and the potential of DePIN networks. Josh expressed his bullish outlook on the DePIN space, noting its significant market fit despite being less hyped compared to other sectors like AI. They also discussed the upcoming token for Irys, with Josh hinting at a thoughtful approach to tokenomics that prioritizes community strength and sustainability.

Timestamps:
00:00 - Introduction
01:23 - The Importance of Writing and Storytelling for Founders
04:11 - Josh's Decision to Drop Out of University
06:54 - Transition from Bundler to Irys
10:04 - Irys vs. Filecoin: Differentiating Approaches
14:05 - Incentivizing Builders on Irys
16:57 - The Future of DeFi and Deepin
19:32 - Unified Layer for Permanent and Non-Permanent Data
21:14 - Tokenomics and Future Plans for Irys

Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.