Sui, $30 million strategic investment in DATA NETWORK Sui Foundation announced a long-term strategic investment of $30M scale in DATA NETWORK, with the foundation's acquisition included in the details, making them DATA NETWORK's largest shareholder going forward. Summary of this announcement - Sui Foundation joins as DATA Network's largest institutional shareholder - DATA NETWORK to terminate existing L1 operations and migrate to Sui native protocol - Walrus adopted as DATA app's underlying data storage - Story founder Lee Seung-yun joins as Sui Foundation strategic advisor Existing $DATA-related update - Existing $DATA will migrate 1:1 as Sui-based token - Token rights maintained as-is, lockup and vesting conditions also remain unchanged - Existing network operates normally until migration completes - Detailed schedule for migration and network shutdown to be announced later :: Comment :: Sui has Walrus, its data storage processing infrastructure, and Data Network is already running an AI data business with supply and demand, so it seems the decision was made because the synergy would work well. #DATA #KOL
🟢 Sui, $30M Strategic Investment in DATA Network #KOL ✅ Key Points -According to The Block report, Sui Foundation is investing $30M in DATA Network (formerly Story) at a 300 billion won valuation, becoming the largest holder of DATA -DATA will end its currently operated L1 operations and transition to become a native protocol in the SUI ecosystem, $DATA will migrate 1:1 to the Sui chain -Additionally, founder Lee Seung-yoon is stepping back from DATA management to join Sui Foundation as strategic advisor, essentially an acquisition-like investment Article source ✅ Expected Effects -Since publicly revealing Walrus in 2024, Sui has continuously focused on expanding infrastructure for AI and data-centric applications -The DATA investment goes beyond simple data storage to secure a supply chain for verified AI training data with authenticated sources, ownership, and usage rights -DATA ecosystem projects like Kled, Numo, Oto are targeting AI training data collection, supply and commercial licensing markets -Through this integration, Sui will establish a vertically integrated AI data infrastructure: DATA (data supply) → Walrus (storage) → Sui (transactions, settlement) This was surprise news unveiled at Sui Base Camp recently that's now confirmed in official Block reporting. Personally, what I like about this is that each entity can focus on its role. For DATA, it sheds the burden of chain operations and can now focus on AI training data collection, which ecosystem apps like Numo are working hard on... (introduction to Numo) For Sui, with the addition of a data supply chain (Data) to the settlement (Sui) and storage (Walrus) structure, it feels like the last puzzle piece has been completed.
