AI · Crypto Briefing

Sui Foundation commits $30 million as DATA Network retires its own chain for Sui

Mon, Oct 12 · 2:04 AM UTC 2 min read

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Sui Foundation commits $30 million as DATA Network retires its own chain for Sui.

The former Story Protocol project will run natively on Sui and plug into Walrus as it pivots toward verifiable AI training data.

Key facts

The June 25, 2026, swap from IP to DATA was handled on a 1:1 basis
On June 25, 2026, the project rebranded from Story Protocol to the DATA Foundation
The migration was revealed on October 8, 2026, by Eman Abio, identified as a co-founder of Sui, at Sui ecosystem events
The Sui Foundation is backing the move with a $30 million investment

Summary

The Sui Foundation is backing the move with a $30 million investment. The migration was revealed on October 8, 2026, by Eman Abio, identified as a co-founder of Sui, at Sui ecosystem events. DATA will also integrate with Walrus Protocol, a decentralized storage layer, to handle storage and data coordination. That product focus is AI data.