Current outcome
Sui Foundation is investing $30 million into DATA Network, which will upgrade to run natively on Sui, retire its standalone chain, swap DATA tokens 1:1 to Sui, integrate with Walrus as default storage layer, and continue operating until transition completion.
Progress timeline
2 material updates- #01
Sui Foundation invests $30 million in DATA Network as AI data protocol migrates to Sui
The Sui Foundation is investing $30 million into DATA Network, an AI data protocol that will upgrade to run natively on Sui and shut down its independent chain.
Source evidence: The Block
- #02
Sui基金会向DATA Network投资3000万美元,AI训练数据协议将迁移至Sui
New report adds: DATA Network's standalone chain will be retired; existing DATA tokens will migrate 1:1 to Sui; Walrus will become the default storage layer for DATA Foundation-operated apps; Sui Foundation will become DATA Network's largest institutional holder alongside PIP Labs and DATA Foundation; the original network continues operating until transition completion, and the foundation will publish a detailed timeline before the upgrade.
State after update: Sui Foundation is investing $30 million into DATA Network, which will upgrade to run natively on Sui, retire its standalone chain, swap DATA tokens 1:1 to Sui, integrate with Walrus as default storage layer, and continue operating until transition completion.
Source evidence: theblockbeats · wublockchainenglish · The Defiant