Irys is redefining the underlying capabilities of Blockchain. Most people are still stuck in the perception of "Blockchain = transaction record", but this project goes further - they are building a permanent, verifiable, and scalable data storage layer.

Think about it, most on-chain applications currently only store transaction states, while the real data still relies on centralized servers. Irys's solution directly moves the data itself onto the chain, and it's a type of permanent storage. The key is that they have also addressed three core pain points: data immutability (permanent), state verifiability (verifiable), and practical scalability (scalable).

This breakthrough in the infrastructure layer may have more long-term value than yet another DeFi protocol. After all, for Web3 to truly take off, the issues with the data layer will need to be addressed sooner or later.