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5d ago

Sui Foundation Invests $30 Million as DATA Network Moves Its Protocol Onto Sui

The deal brings Trace’s rights-cleared AI data registry to Sui with Walrus storage to scale provenance, access control, and encrypted reference files while token economics are preserved pending a published migration timeline.

Sui
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The partnership will bring DATA’s Trace registry and AI data infrastructure to Sui
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Overview

  • A joint announcement on Monday said DATA Network will retire its standalone blockchain and run natively on Sui, with the Sui Foundation committing $30 million and becoming the largest institutional holder.
  • DATA tokens will migrate one-to-one onto Sui and the partners say existing voting rights, locked holdings, and vesting schedules will carry over unchanged.
  • Trace, DATA’s on‑chain registry, has recorded more than 250 million verifiable receipts and processes about 3 million receipts per day, and Walrus will store encrypted original files and enforce on‑chain access control.
  • Key operational details remain unpublished: the partners will release a detailed migration timetable and holder‑transition plan before the upgrade, and they have not disclosed full deal economics or developer migration paths from EVM-style environments to Sui’s programming model.
  • Markets reacted quickly: SUI fell roughly 5% after the news, and the move reflects DATA’s June shift from Story Protocol to AI training‑data infrastructure as teams trade the cost of running a bespoke chain for Sui’s native storage and execution primitives.