Sui Foundation Invests $30M as DATA Network Retires Its Own Chain

DATA Network, the AI training-data protocol formerly known as Story, is shutting down its independent blockchain and moving onto Sui. As part of the deal, Sui Foundation is investing $30M and becomes the network’s largest institutional holder.

DATA tokens will migrate to Sui 1:1, and Walrus will become the default storage layer for its apps. The product is Trace, a registry that tracks where AI training data comes from and who has the rights to it, and pays the people who contributed it.

Since its June launch, Trace has logged 250M+ contributions and now processes about 3M receipts a day.

🔗 theblock.co/news/ecosystems/2026-10-11-sui-foundation-invests-30-million-data-network-418243

Top 7 Perks | Variational Points +12% | Nado Private Invite | Kolo Free Card Issuance | $20 in KAST Points