Irys Secures $10M in Series A Funding to Tap into $3 Trillion Data Economy with Innovative Programmable Datachain (21 Aug)
Funding Announcement: Irys, the first programmable datachain, has raised $10 million in Series A funding led by CoinFund, bringing its total funding to $20 million since 2024.
Market Problem Addressed: Irys aims to solve inefficiencies in the $3 trillion data market by allowing data creators to monetize their data through embedded smart contracts for licensing and access control.
Institutional Interest and Adoption: The platform has gained traction with over 80 strategic partners and significant institutional interest due to its unique technical advantages, including automated licensing and simplified implementation for developers.
Future Growth Plans: The funding will support infrastructure expansion, team growth, and institutional adoption ahead of Irys's mainnet launch, positioning it to capture a significant share of the AI economy's data infrastructure needs.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00939 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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