Let's take a brief look at the background of @irys_xyz's team and investment team. The Irys team actually has a story; it didn't just emerge out of nowhere as a new chain, but evolved from Bundlr Network. Bundlr was already the largest upload protocol on Arweave from 2021 to 2024, helping thousands of projects achieve permanent storage, with over 1 billion data transactions. The core figure of this project, Josh Benaron (CEO), was an early contributor to Arweave and has long researched the underlying logic of long-term data preservation and verification. He can be considered one of the earliest in the industry to realize that data not only needs to be stored but also needs to be usable. CTO Dan Greer comes from a security engineering background and previously led a centralized infrastructure team, particularly familiar with on-chain data integrity and the architecture of hybrid PoW/PoS consensus. The team currently has over 40 members, distributed across the United States, Europe, and Southeast Asia, with local community teams in China and South Korea. This also explains why they have been so exposed at KBW. In addition to the team members, the investment team behind them is also very important; in a sense, the investment team is the invisible driving force of a project. 1. CoinFund — A mix of old money and tech-savvy in Web3 CoinFund is the lead investor in Irys's Series A round and has invested early in Solana. Their style is to "invest early and invest in technology fundamentals," focusing on supporting projects that can reshape the underlying logic. The reason they backed Solana back then is very similar to Irys: high performance, low cost, and developer-oriented. CoinFund's involvement indicates that Irys is not just a storage project but is seen as the "new foundation" for the future Web3 data layer. Their post-investment team is very skilled at connecting with developer ecosystems, KOL networks, and even assisting in designing token economic models. 2. Framework Ventures — The gold standard for DeFi and infrastructure Framework is a well-known old-school fund familiar to many OGs. They excel at turning underlying technology into application flywheels. Having their support means that Irys's programmable data may integrate more deeply with DeFi in the future, such as potential plays like data staking or data royalty monetization. The Framework team has the experience to make these things work. Additionally, their research department often produces very forward-looking reports, like "Data as Collateral," which can help pave the narrative path for Irys on a discursive level. 3. Lemniscap — The market rhythm and liquidity orchestrator Lemniscap is a top European crypto fund. Their strengths lie in strategic layout and liquidity guidance. Many chains experience sudden acceleration in community growth and liquidity supply after Lemniscap enters. They know how to set the rhythm, when to launch community tasks, when to roll out exchanges, and when to release TGE news. These elements are crucial for a project like Irys that is about to enter the mainnet. You can think of Lemniscap not just as a financial backer but more like a rhythm director. 4. Hypersphere Ventures — Old money from the Polkadot ecosystem + cross-chain ecological resources Hypersphere is a fund co-founded by Robert Habermeier, a co-founder of Polkadot, and focuses on infrastructure and interoperability. Irys has their endorsement, indicating that its layout in cross-chain data interaction is valued, especially in the data bridging aspects with Arweave, Ethereum, and Solana. The engineering team at Hypersphere often directly intervenes in project optimization, assisting in the development of cross-chain SDKs, node validation, and other underlying technical guidance. For Irys, this is a form of engineering-level investment. 5. Permanent Ventures — The evangelists of the permanent storage narrative Permanent Ventures has a very clear investment style: Focusing on long-term storage and anti-censorship technology, they have invested in projects like KYVE. This fund is one of the earliest institutions to bet that data should not disappear. They value Irys's combination of permanent storage and programmable logic, which is precisely the upgrade point that Arweave did not solve back in the day. The addition of Permanent effectively pulls Irys into the core circle of the "data permanence faction," ensuring that both technological inheritance and ecological extension have a solid foundation.