China · Andreessen Horowitz · CoinDesk
Today, Trace records information about a file rather than storing the file itself
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Sui Foundation will become DATA Network's largest institutional holder through its $30 million investment.
Key facts
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- DATA, the blockchain startup backed by Andreessen Horowitz's a16z crypto and formerly known as Story Protocol, is shutting down its blockchain and moving to Sui after securing a $30 million
- Sui Foundation will become DATA Network's largest institutional holder through its $30 million investment
- Muttoni did not disclose how much of Story's original $140 million in funding remains, but said its existing investors, including a16z crypto, are still involved
Summary
DATA shifted from its broad intellectual property ambitions to AI training data after finding that established licensing markets were difficult to disrupt, CEO Andrea Muttoni told CoinDesk. The startup is moving to Sui following a $30 million investment from Sui Foundation, allowing the company to focus on its data verification tools rather than maintaining its own blockchain. DATA's Trace registry tracks the origins, consent terms and licensing history of AI training data, with partner Kled adding millions of contributions each day. DATA, the blockchain startup backed by Andreessen Horowitz's a16z crypto and formerly known as Story Protocol, is shutting down its blockchain and moving to Sui after securing a $30 million investment from the network's foundation. The move comes after spending years trying to bring intellectual property onchain.