Executive Summary Irys—formerly Bundlr Network—has graduated from an Arweave scaling layer to a self-standing “Programmable Data Layer.” Its new thesis: data must evolve from inert storage into a verifiable, programmable, and revenue-generating asset. The plan hinges on a multi-ledger stack, the IrysVM, and a uPoW-plus-staking consensus that binds storage capacity to cryptographic proof.Revenue Model in Three LayersStorage Fees – tiered pricing (permanent vs. term-based) pegged to real-world ...