NEWS RELEASE
Decent Land Labs Secures $3 Million in Funding to Advance WeaveVM Development
Decent Land Labs has successfully secured $3 million in funding to further enhance the development of WeaveVM, a sovereign layer 1 blockchain solution addressing the EVM storage challenge. The platform aims to combine EVM compatibility with Arweave’s scalable storage, providing permanent data storage and seamless interoperability for EVM and Arweave blockchain developers.
Key participants in this funding round include Foresight Ventures, LD Capital, Big Brain Holdings, and Longhash Ventures, along with angel investments from partners at Web3.com Ventures. The funding will support the expansion of the project’s EVM expertise, ecosystem incentives, and overall growth trajectory.
“EVM is widely recognized as the industry standard for computation, yet it lacks a reliable storage solution,” commented Benjamin Brandall, co-founder and CEO of Decent Land Labs. “Storage remains a critical issue within the EVM landscape, with costs reaching thousands of dollars per megabyte and limited support from non-incentivized archival nodes. By addressing this barrier, WeaveVM opens up a world of new opportunities for fully on-chain gamefi, socialfi, and real-world integrations.”
WeaveVM tackles the on-node storage limitations of traditional EVM chains by leveraging Arweave’s permanent storage layer. This allows for seamless deployment and interaction with existing EVM contracts and Arweave contracts through ERC-7689 (smart blobs).
Decent Land Labs is dedicated to advancing the Arweave permaweb and has a proven track record of developing protocols that utilize Arweave’s permanent storage capabilities, expanding the network’s reach to a wider audience. The team consists of active open-source contributors on the Ethereum side as well, contributing to the reth codebase that underpins WeaveVM, as well as Ethereum ERCs.
Furthermore, the team is actively working on enhancing interoperability between EVM chains and Arweave’s newly-launched compute layer ao. Decent Land Labs is currently developing the first EVM-to-ao bridge and introduced an EVM data indexer on ao in May of this year.
About Decent Land Labs
Established in 2021, Decent Land Labs focuses on creating decentralized protocols and networks that empower users and developers alike. With a strong emphasis on transparency, security, and user-centric design, Decent Land Labs is driving the adoption of the permaweb.
For more information, please visit decent.land and wvm.dev or reach out to Benjamin Brandall at [email protected]
Media Contact:
Benjamin Brandall
CEO & Co-Founder
[email protected]
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