Overview
- A joint announcement on Monday said the DATA Network and its Trace registry will be upgraded to run natively on Sui and that the project’s independent Layer 1 will be retired after the migration is complete.
- Sui Foundation is committing $30 million and will become the largest institutional holder of the DATA Network, and DATA tokens will migrate one‑to‑one to Sui with existing governance rights, locked holdings, and vesting schedules preserved.
- Walrus will be the default storage layer for DATA Foundation applications, holding encrypted reference copies of contributed files and enforcing access controls so buyers can only read data they are licensed to use.
- Trace has recorded more than 250 million verifiable contributions and now processes roughly 3 million receipts per day, with integrators such as Kled and Numo continuing to onboard large data sets during the transition.
- Project leaders say the move responds to rising legal and procurement demands for auditable, consented training data and the high cost of running a single-use blockchain, but developers and token holders are still waiting for a detailed rollout timeline and implementation plan that will address app porting and long‑term governance questions.