The Arweave coin is the native currency of Arweave's decentralized data storage platform. The network is designed to connect developers with web hosting resources. The Arweave coin is used as payment in a decentralized marketplace for hard drive space. The network is used as a community-based web (permaweb) where developers can securely and permanently store their files. The team behind Arweave is also developing an App called ArDrive that allows users to store their files with a pay-as-you-go payment model.

COVA is developing a blockchain protocol that will allow users to monetize their data. COVA's decentralized platform will create a marketplace for data that will be powered by the COVA token, and will enable users to better manage how their personal data is used.