Today, let's take a good look at Irys. To be honest, the decentralized storage track has been around for a long time. Irys @irys_xyz focuses on the L1 data concept, and what sets it apart is its redefinition of the role of data: it uses a design specifically tailored for AI, achieving data programmability by combining a low-cost storage layer with a high-performance, EVM-compatible execution layer. In the words of the official positioning: Irys is a data chain that unlocks the value of data, creating value for those who create data. Irys @irys_xyz was formerly known as Bundlr Network, which developers who previously stored on Arweave should have heard of. Bundlr, as a layer-2 scaling protocol for Arweave, once handled over 90% of data uploads across the Arweave network. In October 2023, Bundlr announced its rebranding to Irys and completely established itself as an independent L1 data chain, transitioning from its role as an Arweave affiliate. It has secured $8.7 million in funding, and its testnet has been open for a long time and is already very mature. Irys is positioned as the on-chain AWS for WEB3. AWS is the world's largest cloud computing platform provided by Amazon, allowing you to rent servers, storage, databases, and various IT resources on demand, just like using water and electricity. Why has AWS dominated in Web2? Because it packages storage, computing, and data management into a complete set of tools, enabling developers to solve the vast majority of problems on a single platform. Irys is the on-chain AWS for WEB3, with its permanent storage corresponding to AWS's Amazon S3/Glacier. Once data is uploaded, it is permanently available, verifiable, and traceable. Its execution layer, IrysVM, corresponds to AWS Lambda, allowing smart contracts to be triggered simultaneously with data uploads, enabling event-driven computing. Most importantly, it integrates these two functions, reducing development difficulty and providing a ready-to-use, integrated on-chain development platform. Data can be automatically processed, computed, and distributed after being uploaded, making the entire process efficient and smooth, with an experience closer to Web2 standards. The innovation of Irys @irys_xyz lies in the fact that AI models can directly read data and train models on Irys, no longer relying on off-chain databases or complex intermediate layers. This means that the data uploaded by users is not static; it can be dynamic, with behavioral logic, and can even actively respond to on-chain events, trigger actions, and generate revenue. It can execute smart contracts and participate in interactions as a living asset. Previously, an on-chain AI product might need to interface with multiple environments, but now, one Irys can handle everything. Finally, we can make a horizontal comparison and comprehensively crush the competition. Irys VS Filecoin: 1) Irys provides a programmable data experience, allowing smart contracts to directly read and manipulate data, while Filecoin's smart contracts cannot access its stored content. 2) Irys's pricing is anchored to hard drive costs, stable and low, currently only ~$2.5/GB, while Filecoin relies on market supply and demand, leading to significant price fluctuations. 3) Irys offers immediate data access capabilities, while Filecoin often requires waiting several hours or even longer. Irys VS Arweave: 1) Irys supports various storage durations, including permanent storage, while Arweave can only purchase permanent storage in one go. 2) Irys supports native EVM contract calls, while Arweave cannot run native code and requires bridging to other chains and centralized components. 3) Irys leads in retrieval speed and scalability, capable of handling large-scale data call demands. Irys VS Story Protocol: 1) Story only stores metadata, while Irys directly stores complete assets. 2) Story manages copyright licenses through external modules, while Irys writes authorization logic directly into the data structure. 3) Story is an IP protocol, while Irys is a foundational architecture serving IP protocols, making it more fundamental. Irys VS Walrus Network: 1) Walrus is a dApp based on Sui, relying on external consensus. 2) Irys is an independent L1, with execution and storage natively integrated. 3) Walrus only supports a maximum storage duration of 2 years, while Irys supports permanent storage and has over ten times the number of copies.