Business · Updated 12 Oct, 07:51 pm IST
Sui Foundation commits $30M to migrate DATA Network infrastructure
Why it matters for readers: It’s an example of a blockchain project moving its data infrastructure to another chain rather than running a separate network.
- Sui Foundation committed $30 million to DATA Network to support migration of its AI training data infrastructure.1
- DATA’s Trace registry will be integrated into the Sui blockchain as part of the transition.1
- Walrus will become the default storage system for applications that DATA Foundation operates.1
- DATA Network’s standalone blockchain will be shut down after the migration, with no timeline announced.1
- The organisations have not disclosed the full financial terms or a timeline for the migration.1
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