Polygon Adds Permanent Data Storage With Arweave Integration

Arweave’s permanent storage is now available on Polygon, allowing our users to pay for data uploads with the native $MATIC token and opening new possibilities for smart contracts on the permaweb. 

Developers can make decentralized storage available natively inside Polygon apps via Arweave’s Bundlr Network. The next step is bringing this capability directly to end-users by integrating it into all of the wallets in the Polygon ecosystem. To speed things along, Arweave, Polygon and Bundlr are jointly offering a $9,000 developer grant to build these features. 

The recent explosion of activity around decentralized finance and non-fungible tokens on Ethereum resulted in network congestion and exorbitant transaction costs. Polygon's low transaction fees and a broad range of scaling options have gotten noticed. The number of decentralized applications building on Polygon grew 100-fold in the past year to 3,000 as of October, according to Alchemy

Also read: Why Web3 Developers Are Choosing Polygon Over Other Solutions

The frenzy of digital art collecting has also raised questions around long-term data storage: how can we ensure that the assets associated with NFTs are never lost? Arweave’s answer is a scalable, endowment-backed storage, available forever, for a single fee. The network saw its transaction volume skyrocket in recent months and is on track to process 15 times as many data uploads in November as it did in August.

Beyond NFT projects, this integration makes Polygon’s smart contracts readily available for developers building on the permaweb -- a decentralized web of permanent web apps, exposed by the Arweave network to browsers. With everything from fully-decentralized social media applications to a community-owned metaverse, the scope of applications buildable on Polygon just massively expanded.

Traditional centralized data storage is the cornerstone of Web 2.0 and a huge industry. A number of projects including FileCoin, Storj and Sia have sprung up to develop a crypto-native pay-as-you-go storage alternative. What sets Arweave apart is that its users pay a one-time upfront fee to store the data in perpetuity, a feat made possible with a new economic model that incentivizes miners to replicate data and blockchain innovations such as Blockweave and Proof of Access.

We invite the developers to check out the grant to build these features. Click here to find out about the technology that powers Arweave and learn how Bundlr Network works here. Keep up with the latest news on Polygon Developers twitter channel, take a deep dive into the available blockchain technology resources or say hi on Discord

Be a part of our social ecosystem!

Website | Twitter | Ecosystem Twitter | Developer Twitter | Enterprise Twitter | Studios Twitter | Telegram | Reddit | Discord| Instagram | Facebook | LinkedIn

More from the Polygon Blog
Announcing Polygon Pod, a Podcast From the Epicenter of Web3

What’s the future of DeFi? How can blockchain projects shake the reputation for being bad for the environment? What in the world are zero knowledge proofs? How can Web3 attract and accommodate the next billion users? When Flippening? You want to know the answers and so do we. That’s why Polygon is launching Polygon Pod […]

Read More
Introducing Polygon Nightfall Mainnet: Decentralized Private Transactions for Enterprise

We’re in the early innings when it comes to enterprise needs for blockchains. Whether it’s supply chain management or marketplaces, the potential for secure business transactions on a public ledger has enormous implications. That’s why we’re pleased to announce Polygon Nightfall, a blockchain solution that leverages cutting edge Optimistic-Zero Knowledge technology to give businesses an […]

Read More
Polygon Is Going Carbon Negative in 2022 With a $20 Million Pledge

Today marks the start of a new, sustainable era for the Polygon ecosystem -- the core team has committed to eliminating all of the network’s carbon debt going back to inception and making the chain climate positive into the future. Polygon’s Green Manifesto announced today is part of a broader vision for sustainable development that […]

Read More
Introducing Polygon ID, Zero-Knowledge Identity for Web3

At Polygon, we believe that putting people firmly in control of their digital identities is at the core of Web3’s promise to empower users over networks. We have been working behind the scenes to fulfill this promise and today are proud to introduce Polygon ID, the self-sovereign, decentralized and private identity for the next iteration […]

Read More
Calling All Web3 Developers: #WAGMIonPolygon

This is Dalip, head of Developer Relations at Polygon. These past few weeks have been tough on everyone in Web3. But when the going gets tough, the tough get building. That’s why today we are announcing #WAGMIonPolygon, a new series for developers available on our YouTube channel. The program will focus on educational content, expert […]

Read More
PolygonInsights - WEEK19

Hola readers! Roland-Garros, an eTennis competition series by BNP Paribas, will launch its first NFT collection on Polygon, Chainsmokers shared their album royalties via NFT drops on our network, and the Polygon PoS bridge maintains its position in the Top 5 most used dApps on Ethereum. Let’s dive in.  Key takeaways:  There was an increase […]

Read More
MSP Recovery and Tokenology Choose Polygon to Tokenize Medical Claims

MSP Recovery, a $32.6 billion publicly-traded U.S. company leading the healthcare reimbursement recovery industry, has partnered with Tokenology to launch a healthcare claims tokenization platform that will help eliminate fraud and benefit patients, care providers and insurers alike.  LifeChain will run on Polygon, leveraging the carbon-neutral network’s low transaction fees, high throughput and a suite […]

Read More
crossmenuchevron-down-circle