DATA Network Migrates Protocol to Sui Blockchain with $30M Support
DATA Network plans to discontinue its independent blockchain and migrate its AI training data protocol to Sui. The Sui Foundation is supporting this migration with a $30 million investment, leveraging Sui's scalability and storage capacity for AI applications.
DATA Network is migrating its AI training data protocol to Sui.
The Sui Foundation supports the migration with a $30 million investment.
Walrus will become the standard storage layer for DATA Foundation applications.
Reasons include Sui's ability to process millions of data registrations and Walrus's storage capacity.
Story
DATA Network, formerly known as Story Protocol, has announced its plan to discontinue its independent blockchain and migrate its AI training data protocol to the Sui blockchain. The Sui Foundation is supporting this strategic move with a $30 million investment. The partners revealed that the project's Trace register, launched in June, will join the Sui ecosystem, and Walrus is set to become the standard storage layer for applications operated by the DATA Foundation. Walrus is a decentralized storage platform within the Sui ecosystem. The primary reasons cited for this migration include Sui's ability to process millions of data registrations daily and Walrus's capacity to store large training datasets. DATA Network stated that its existing blockchain will continue to operate until the upgrade is complete, and a detailed timeline and transition plan for token holders will be released before the upgrade. This shift highlights the growing trend of consolidation and specialization within the blockchain space, with projects choosing platforms that offer superior infrastructure for specific use cases like AI data.
Issue context
The crypto market demonstrates resilience on October 12, 2026, even as the total market capitalization saw a slight decline. Bitcoin managed to hold above the $83,000 mark despite significant outflows from US spot ETFs, indicating underlying strength. Concurrently, specific altcoins like Starknet are experiencing notable price surges, driven by strategic developments and narrative catalysts. This dynamic highlights a potential capital rotation and the importance of project-specific news in a volatile environment. The upcoming US inflation data on October 14 could provide further impetus for the markets.
Markets are showing a mix of Bitcoin's resilience and speculative activity in altcoins. Pay attention to macroeconomic data, especially US inflation figures, which could influence overall market sentiment. Whale movements and regulatory news can introduce short-term volatility for individual assets. Your risk tolerance and investment horizon should guide your decisions.
Market pulse
Fear & Greed
69
Greed
BTC Funding
+0.0017%
20 perp markets · Open Interest $53.3B
BTC Open Interest
$53.3B
24h volume $43.8B · basis +0.056%
ETH Funding
+0.0008%
20 perp markets · Open Interest $37.5B
More from this issue
This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.