Plain meaning
Start with the shortest useful explanation before going deeper.
A decentralized permanent storage protocol that uses a blockchain-like structure called the blockweave and a one-time upfront payment model (no recurring fees) to store data indefinitely, backed by an endowment mechanism. In the Solana ecosystem, Arweave is the dominant off-chain storage layer for NFT metadata JSON and media files, and is used by Metaplex's Bundlr/Irys integration to upload assets cheaply in bulk before minting, with URIs of the form ar://<txid> or https://arweave.net/<txid> stored in on-chain metadata accounts.