They are at the advance stage of technical development with mainnet, Got a potential competitive advantage over other storage solution with a two big companies investors. The downsides are team is so young and has no prior experience with startups. Saturated space with high-profile competitors
Arweave is based on a novel consensus mechanism, Proof of Access, which is designed to facilitate permanent, low-cost storage onchain. The project ultimately envisages becoming an indispensable storage layer that can be leveraged to provide speed and scalability to other systems.
The Arweave ICO (AR Token) is an unusual candidate for a Top 10% rating from Crypto Briefing, as we are usually looking for significant experience in taking an idea from concept to execution – basic, successful entrepreneurship. Sometimes, however, the team is just the team – and they can knock it out of the park on the first at-bat. We see potential in this team, and in the novel proof of access consensus – and feel there is still room for another player in the crowded storage space… if the product is exceptional.