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, ...
Key Highlights The Sui Foundation has made a $30 million investment, positioning itself alongside PIP Labs and $DATA Foundation as one of the largest institutional token holders in $DATA Network. Decentralized storage platform Walrus will serve as the default storage layer for applications developed by $DATA Foundation as part of the strategic alliance. $DATA Network’s ...
Key Highlights: $DATA Network, previously known as Story, is decommissioning its standalone blockchain to migrate its artificial intelligence training data protocol to Sui. The strategic ecosystem transition is supported by a $30 million investment from the Sui Foundation. $DATA’s Trace registry will shift to the Sui network, while Sui-based decentralized storage platform Walrus will serve ...
Key Highlights The native token $SUI exhibited sharp price swings over a four-week span, dropping from $1.27 to $1.03 before rebounding to around $1.11. Decentralized exchange (DEX) activity cooled significantly, sliding from $114.8 million on September 21 to $34.4 million on October 9. Samsung Wallet is preparing integration for $USDC on Sui, though the Sui ...