DATA Network to Transition to Sui Ecosystem with $30 Million Support
- DATA Network, previously known as Story, will retire its independent blockchain.
- The transition is supported by a $30 million investment from the Sui Foundation.
- The Trace registry, launched in June, will integrate into the Sui ecosystem.
- Walrus, a decentralized storage platform within Sui, will be the default storage layer for DATA applications.
- Sui can handle millions of daily data registrations, making it suitable for AI training data needs.
The DATA Network will continue operations until the migration is complete, with a timeline and holder transition plan forthcoming. This move aligns with its pivot towards creating a comprehensive stack for AI training data.
With the backing of $30 million from the Sui Foundation, DATA Network’s shift to Sui aims to leverage enhanced capabilities for managing AI training datasets effectively. (Source)
