AI · The Block
In a Monday statement shared with The Block, DATA Foundation, which supports DATA Network
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Under the partnership, DATA Network is set to be upgraded to run as a protocol natively on Sui (SUI), and its independent chain will be retired.
Key facts
- Sui Foundation is investing $30 million in DATA Network as part of a strategic partnership that will see the AI training data protocol join the Sui stack and integrate with onchain data storage
- In a Monday statement shared with The Block, DATA Foundation, which supports DATA Network, said that Sui Foundation will become the network's largest institutional holder, alongside existing
- According to the statement, the Trace registry has recorded more than 250 million contributions since its launch and currently processes more than 3 million receipts per day on average
- The existing DATA token will move to Sui on a one-to-one basis
Summary
Sui Foundation is investing $30 million in DATA Network as part of a strategic partnership that will see the AI training data protocol join the Sui stack and integrate with onchain data storage platform Walrus. In a Monday statement shared with The Block, DATA Foundation, which supports DATA Network, said that Sui Foundation will become the network's largest institutional holder, alongside existing stakeholders PIP Labs and DATA Foundation. Walrus, meanwhile, will become the default storage layer for applications operated by DATA Foundation, which shifted its focus from general intellectual property infrastructure to AI training data in June. The partnership aims to scale the supply chain for AI training data.