Azure Archive Storage General Available
For a few days now Archive Blob Storage, AKA Azure Archive Storage is general available. As Microsoft states: ��(it) is designed to provide organizations with a low cost means of delivering durable, highly available, secure cloud storage for rarely accessed data with flexible latency requirements (on the order of hours)��
Please know that for now the tier selection has to be set on blob level, because you can�t select the required tier on account nor on container level. Hopefully this will change in the future.
Want to know more? Go here and also read the comments as well.