Crypto Project That Raised $140 Million Shuts Down Network to Migrate to Sui
Key Highlights: $DATA (formerly Story Protocol), an a16z-backed startup with $140 million in funding, is shutting down its proprietary Layer-1 blockchain to build on Sui. The high infrastructure, engineering, security audit, and validator expenses of maintaining a custom Layer 1 led the team to refocus on core product development. As part of the strategic migration, ...