Former Story Blockchain Plans to Shut Down and Rebuild Its AI Data Registry on Sui
By Unchained
AI summary of the source article
The DATA Network will shut down its blockchain and rebuild as a protocol on Sui, supported by a $30 million investment from the Sui Foundation. $DATA tokens will convert one-for-one onto Sui.
Why it matters
DATA Foundation CEO Andrea Muttoni said the move lets it offer “more than just an audit trail,” pointing to encrypted file storage and possibly verifiable trusted execution environments for model evaluations and fine-tuning.
Key facts
- The Sui Foundation is investing $30 million into the DATA Network, securing the largest institutional stake.
- The DATA Network is shutting down its chain to rebuild on Sui, converting $DATA tokens one-for-one.
- Storage network Walrus will serve as the default storage layer for DATA Foundation applications, including its Trace registry.
Source excerpt · Unchained
Sui Foundation is putting $30 million into the DATA Network, whose token will convert one-for-one onto Sui under a transition plan that has no date yet. The post Former Story Blockchain Plans to Shut Down and Rebuild Its AI Data Registry on Sui appeared first on Unchained .