DATA Network to Migrate to Sui Blockchain, Retiring Its Own Chain
DATA Network, formerly Story, plans to retire its independent blockchain and migrate its AI training data protocol to the Sui platform, backed by a $30 million investment from the Sui Foundation. The Trace registry, launched in June, will join the Sui ecosystem, and the decentralized storage platform Walrus will become the default storage layer for applications operated by DATA Foundation and partners.
Migration to Sui and Motivations
DATA Network chose to integrate with the Sui blockchain due to its capacity to handle millions of daily data registrations. Partners highlighted that Walrus, the decentralized storage platform within the Sui ecosystem, offers the scalability needed to store large AI training datasets, a key requirement for the project.
The migration involves transferring the Trace registry into the Sui ecosystem. Trace is an on-chain registry developed by DATA Foundation for provenance and licensing of AI training data.
Project History and Upgrade Plan
Initially, the Story Protocol was a blockchain focused on intellectual property licensing. In June, the project pivoted to building a full stack for AI training data and rebranded as DATA Foundation.
DATA Network will continue operating until the upgrade is finalized. Before the migration, a detailed timeline and token holder transition plan will be published.
Why it matters
DATA Network's migration to Sui illustrates a broader trend of consolidating resources and technologies to achieve scalability and efficiency in handling large AI datasets. This strategic move aims to enhance performance and streamline infrastructure, with the Sui Foundation's investment underscoring confidence in both the platform and the project.
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