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.

Factom is a decentralized data storage platform that augments the storage and auditing capabilities of the Bitcoin blockchain. Factom provides an an additional data layer that allows users to store and audit data more efficiently and to overcome the storage limitations caused by small block sizes. It also allows organizations to leverage the benefits of blockchain, while providing a mechanism for auditing and ensuring relevant compliance. Factom offers an API that can be used to develop decentralized projects, and is designed to assist government agencies, businesses, and non-profits. The blockchain has a hybrid consensus mechanism, with elements of Proof-of-Existence (PoE), Proof-of-Process (PoP), and Proof-of-Audit (PoA).