Sui invests $30M as DATA Network shuts down its blockchain

Sui Foundation has announced a $30 million investment in DATA Network on October 12, becoming its largest institutional holder as the AI training data protocol prepares to move to Sui and shut down its independent blockchain. Sui Foundation announced a $30 million investment in DATA Network, becoming its largest institutional holder. DATA Network plans to retire its standalone blockchain and migrate existing tokens to Sui one-to-one. Trace has registered more than 250 million contributions and processes over three million daily receipts. Walrus will become the default storage layer for applications operated by DATA Foundation after migration.

Also reported by Bitcoin Sistemi, BlockTelegraph.

Source: crypto.news