Sui Foundation Invests $30M in DATA Network for AI Infrastructure
- Sui Foundation is investing $30 million in DATA Network to enhance infrastructure for AI training.
- DATA Network will migrate to the Sui blockchain, with its DATA token transitioning at a ratio of 1:1.
- Walrus will be the primary data storage platform for applications developed by DATA Foundation.
- The integration aims to provide AI developers access to verified training data with clear provenance and usage rights.
- Trace, a registry by DATA Foundation, has recorded over 250 million contributions and processes more than three million entries daily.
This strategic partnership positions Sui Foundation as the largest institutional holder of DATA Network, facilitating enhanced access to quality data for AI development. The transition plan includes maintaining existing infrastructure until migration completion.
With this investment, Sui Foundation aims to bolster AI capabilities by integrating Trace with its blockchain and Walrus platform, enhancing data integrity and accessibility for developers.(Source)
