DATA Network to migrate to Sui, retire own chain
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
DATA Network, previously known as Story, plans to retire its independent blockchain and migrate its AI training data protocol to the Sui blockchain. This move is supported by a $30 million investment from the Sui Foundation. The project’s Trace registry and the Walrus decentralized storage platform will join the Sui ecosystem, with Walrus becoming the default storage layer for DATA Foundation's applications.
Why it matters
The DATA Foundation explained that maintaining a dedicated blockchain for a single use case was costly and inefficient, as it required handling validators, network security, and infrastructure. Migrating to Sui allows them to leverage existing storage and access control systems, avoiding the need to rebuild such capabilities.
Key context
DATA Foundation rebranded from Story Foundation in June, shifting focus from intellectual property licensing to creating a full-stack solution for AI training data. The Trace registry, launched in June, has amassed over 270 million registrations in about four months, prompting the decision to move off a standalone blockchain. The $30 million investment from Sui Foundation is part of their partnership but is considered a separate element of this move.
Key numbers and entities
DATA Network (formerly Story), DATA Foundation, Sui blockchain, Sui Foundation ($30 million investment), Trace registry (270 million registrations), Walrus (decentralized storage platform).
What remains unclear
The exact timeline for the migration and details of the holder transition plan have not been published yet. It is also not specified how the upgrade will affect existing users during the transition period.