DATA Network Shuts Down Its Chain After Sui Foundation Investment
Photo: The Currency Analytics
Community Trust Score Verified 88 % Real Verified 17 votes Updated 1 minute ago DATA Network is shutting down its blockchain. The Bellevue, Washington company — formerly called Story Protocol — is moving everything to Sui after landing a $30 million investment from the Sui Foundation. This move highlights how difficult it remains for new layer-one networks to justify maintaining independent infrastructure when ecosystem support and capital shift elsewhere. For the broader crypto market, it is a reminder that strategic backing can outweigh technical ambition, and that consolidation around larger chains may continue as projects prioritize distribution, liquidity, and execution…
Source: The Currency Analytics
