Sui Foundation Backs DATA Move With One-to-One Token Migration
Photo: CoinCentral
TLDR Sui Foundation is investing $30 million in DATA Network and will become its largest institutional holder. DATA tokens will migrate to Sui one-to-one, retaining governance rights and existing vesting schedules. Walrus will become the default storage platform for DATA Foundation applications, enabling encrypted storage of original training files. DATA Foundation reports over 250 million Trace contributions and average daily processing above 3 million receipts. DATA Network will remain operational until the upgrade finishes, with a detailed transition timeline due beforehand. Sui Foundation is investing $30 million in DATA Network through a partnership announced Monday, October 12.
Source: CoinCentral
