Arweave Founder Accuses Irys of Planning to Fork the Platform, AR Token Plunges
Arweave founder Sam Williams has taken to X to allege storage solution company Irys has plans to fork his decentralized information storage firm.
In a post from Sunday night, Williamson claims Irys is seeking to fork Arweave in an attempt to “drop the dataset and reset the token supply.”
While Williamson says that there is an “established mechanism” within Arweave that allows for a “safe way to upgrade and fork the network,” Irys is “ignoring” it.
“This appears to be a play motivated by greed, as users have placed their trust in Irys to upload to Arweave for them,” Williamson wrote.
Following the move, the Arweave token plunged by an estimated 20%, trading at a rate of just $8.90.
As a consequence, Williams instructed Irys users to switch storage providers while removing the storage project from its display, a response that will cause “significant delays” on the platform.
Shortly after William’s post, Irys released a statement of their own to X likening Williams to a tyrant and accusing Arweave of “active censorship.”
“For someone committed to building technology to protect humanity from tyrants, it’s so disappointing to see him behaving like one and attempting to deplatform Irys from Arweave, which is intended to be open-source and permissionless software,” Irys’ post read in part.
“Irys never has and never will take the choice away from users about where their data is stored,” the company’s statement continued.“Creating unconstrained access to permanent data for its users is at the core of what Irys does. We remain committed to censorship-resistant, open-source, and permissionless technology.”
Furthermore, Irys continued that it was dedicated to “developing new provenance tech” while touting to be announced “powerful new
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