Sui Foundation is investing $30M in DATA Network, the AI training data protocol formerly known as Story, and becomes its largest institutional holder.
DATA Network will retire its own chain and run natively on Sui, with Walrus as the default storage layer. Running a dedicated chain for one use case meant paying for validators, security and infrastructure, a DATA Foundation spokesperson said. Its Trace registry, launched in June, has logged 250M+ data contributions and handles 3M+ receipts a day.
DATA tokens move to Sui 1:1, with locked and vesting positions carried over unchanged. The current network keeps running until the switch, and a migration timeline comes before the upgrade.
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