Irys, a blockchain data developer, has completed an $8.9 million financing round led by Lemniscap. This round of financing also includes participation from companies such as Framework, Primitive Ventures, Hypersphere, Permanent Ventures, and EV3. Formerly known as Bundlr Network, Irys has expanded its business from bundled transactions to enhanced storage throughput. Currently, it is developing scalable on-chain data solutions and building infrastructure to track and verify data to address the challenge of digital misinformation.

According to The Block, on-chain data developer Irys has completed a funding round led by the cryptocurrency-focused venture capital firm Lemniscap, bringing Irys' total funding to $8.9 million. Framework, Primitive Ventures, Hypersphere, Permanent Ventures, EV3, Berachain co-founder Smokey the Bera, Ryan Watkins, Daniel Cheung, and others participated in this round of funding. Formerly known as Bundlr Network, Irys has expanded its services from bundling transactions to enhancing storage throughput to develop scalable on-chain data. Additionally, the platform is building infrastructure to track and verify data to combat digital misinformation.

On-chain data developer Irys completes $8.9 million in funding, led by Lemniscap.