Bundlr Network: Building key infrastructure that’ll store the world's data in web3
Excited to be investing in Bundlr through my fund Kearny Jackson
Bundlr Network is building key infrastructure that’ll help the world retain and expand its knowledge in web3.
And I’m extremely proud to be involved as an investor from my Kearny Jackson fund in the seed round alongside Hypersphere Ventures, Framework, Permanent Ventures, and Arweave.
You can read more about their seed round here.
More below. Also, let me know if you enjoy these deeper than usual dives.
What is Bundlr?
Bundlr Network is the fastest, easiest way to store data on web3. It is a reliable, multichain solution for Arweave, the only decentralized data chain where data is stored permanently.
Bundlr increases data uploads by ~3000x which is instantly accessible to users.
It also allows for users to pay for data uploads in different tokens such as ETH, SOL, MATIC, DOT, and many more.
As of today, over 90–98% of data uploads onto Arweave are conducted through Bundlr.
You can see how Bundlr has accelerated the total data size (Weave size) on the Arweave network below.
Impressive!
Why is permanent data storage important?
To avoid censorship: With permanent data storage, nothing can be deleted so you can’t be censored. Opposing and differing views will always remembered. The victors are not the only ones who can (re) write history. Information will be censorship resistant.
To capture current events: Imagine tweets, stories, images, articles, music, videos from all around the world — about current events (arts, sports, politics etc) - all easily and stored accessible for everyone for centuries to come.
No more dead links: More than >90% of all the URLs out there have “expired”or gone rotten including most of geocities site and all the “404 Not Found”s you’ve seen so far. Even old articles from the NYT have link-quoted now-dead websites. With permanent data storage, this won’t happen.
To preserve knowledge: What if the Library of Alexandria was still standing? All the books in Egypt were in one location — the library. A single point of failure. All knowledge from the books lost the fire probably set mankind back a few years. Fast forward to today - the Library of Congress is the largest library in the world. We can assume that the physical items are all located in safes and warehouses; digital copies in offline computers or multiple servers. What if we lose all of this?
I bet that all these, including the contents of the Library of Congress, will likely be on-chain in the near future.
And it’ll probably be facilitated by Bundlr.
Why is Bundlr important to Web3?
Bundlr allows for many magical things to happen on Arweave, the best datachain out there:
Instant data: From the moment you upload your data, your data is instantly available (vs waiting for the data)
Pay with any token: Pay in any major token including ETH, SOL, MATIC, and more (vs only using the Arweave token)
Pay once, store forever: Pay once and store your data on Arweave forever (vs 200 years)
Own your data: With no singular entity holding your data, you are always in control of your data
Unlimited storage: Unlimited storage on Arweave means you’ll never be restricted by data limits again
Guaranteed seeding: Your data is guaranteed to be uploaded on Arweave
Free transactions: Free for data uploads under 100KBs
Blockchain agnostic: Upload your data from any major blockchain
True decentralization: Once on Bundlr, your data is always stored on a true decentralized platform
Important use cases for Bundlr
NFT marketplaces or play to earn gaming companies storing NFTs or their attributes, ownership information etc on a permanent data chain. This way if the marketplaces go down, consumers will still have access to their assets
Social media is constantly being censored by the owning entity (Twitter, Facebook, etc.) or governments, but you can’t censor what can’t be deleted. With Bundlr, this data would be preserved indefinitely
Historical documents would be kept forever. It is estimated that around 49% of all links cited by the US Supreme Court are dead. With Bundlr, you would never encounter a dead link again, and important documents would be saved forever
Local governments storing real estate ownership and transaction records permanently online. Future historians don’t have to go to physical county or town offices to retrieve such data
Healthcare companies or international health institutions storing human, virus, bacteria, plants, etc DNA or gene information on chain - allowing access to the global community of scientists for centuries to come
Patent offices tracking the evolution of invention and innovation by storing all their patents, invention illustrations online
Elon Musk and the case to build a censorship resistant Twitter
Something out of left field that I tweeted about… on how permanent tweet storage can help Twitter become more censorship resistant.
Hey Sriram, great article and congratulations on the investment. I like the deep dive style - cool to learn about datachains like this and other web3 innovations.