• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Digital Asset Forum, New York (November 13, 2026)
    • CryptoCon, Sydney (November 28–29, 2026)
    • iCrypto Awards: People’s Choice, Dubai (December, 2026)
    • Digital Asset Forum, London (February 1-2, 2027)
    • 6th FinTech Week & Expo, Paris (May 4-5, 2027)
  • Past Events

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

After $3 Million Raise, WeaveVM Launches Testnet for High-Throughput DA and Storage

August 27, 2024 By Crypto Reporter PR

WeaveVM, the hyperscalable EVM network designed for unparalleled storage and high-throughput data availability (DA), has officially launched its Alphanet V0.1.0 . Developed by Decent Land Labs, this solution addresses challenges in the blockchain industry, including the EVM storage bottleneck and the inefficiencies of temporary DA.

In addition to its testnet announcement, WeaveVM has attracted significant attention from investors, raising a $3 million seed round. Backers include Longhash, LD Capital, Foresight Ventures, and BigBrain, with advisors such as Sherman Lee, advisor to Animoca Brands, and John Scianna, partner at Web3.com Ventures.

“WeaveVM DA and storage is 14 times cheaper than our closest competitors,” said Benjamin Brandall, CEO and co-founder of Decent Land Labs. “And unlike our competitors, storage is permanent, not purged after 14-30 days.”
WeaveVM is the only EVM chain using Arweave for storage, ensuring long-term data security and accessibility.

WeaveVM offers a high-performance network, featuring 1 gigagas per second capacity, 48,000 transactions per second (TPS), and throughput exceeding 125MB/s. These capabilities position WeaveVM as the place for high-performance chains and data-intensive dApps to settle and store onchain data, without worrying about cost, availability, or permanence.

“WeaveVM is not just another chain; it’s lifting the storage barrier that’s as old as the EVM itself. By integrating permanent, verified data streams with MegaETH-grade throughput, we’re setting a new standard for scalability, cost-efficiency, and data permanence. This is how the next generation of chains will handle storage and data availability,” said Brandall.

WeaveVM is currently exploring DA and storage integration partnerships with a number of L2s including RSS3 VSL, GOAT Network, and parallel EVM pioneer RISE Labs.

Benjamin Brandall and Rani Elhusseini founded Decent Land Labs in 2021. Both founders have deep roots in the blockchain space, having been early builders in the Arweave ecosystem. Before venturing into crypto, Benjamin led growth efforts at Chameleon.io, a Silicon Valley SaaS company, while Rani was a lead engineer at Poloniex, where he spearheaded the exchange’s decentralized pivot.

As the WeaveVM Alphanet V0.1.0 goes live, developers, enterprises, and blockchain enthusiasts are invited to explore its capabilities and contribute to the ongoing evolution of decentralized technology.

For more information, please visit WeaveVM, follow us on X, or read the Onboarding Doc.

About Decent Land Labs

Founded in 2021, Decent Land Labs creates decentralized protocols and networks that empower users and developers. With a focus on transparency, security, and user-centric design, Decent Land Labs is accelerating the adoption of the Permaweb.

Filed Under: Press Releases

Primary Sidebar

Press Releases

Onramper Launches Chrome Extension to Compare Crypto Quotes From 30+ Providers Without Leaving the Page

October 23, 2026

Mercuryo Launches Swaps for Seamless Movement Between Digital Tokens

October 23, 2026

OKX Brings EUR and EURC Together in a Unified Order Book to Improve Euro-Denominated Crypto Trading

October 23, 2026

CoinFerenceX The Best Event Singapore 2026 Concludes Two-Day Web3 Summit, Bringing Together 3,000+ Attendees

October 22, 2026

GCEX Launches Options on Digital Assets for Professional and Institutional Clients

October 22, 2026

Follow Us

iCrypto Awards

Digital Asset Forum, London (February 1-2, 2027)

6th Fintech Week & Expo, Paris (May 4-5, 2027)

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2026 Crypto Reporter