SUI Holders Prepare For Groundbreaking April and Walrus Crypto Debut
Walrus Crypto ($WAL), the latest initiative from the Sui developers at Mysten Labs, is focused on decentralized data storage tailored for AI and machine learning. What accounts for the prevalence of animal-themed names in most of these crypto projects?
The mainnet was launched on March 27 following a significant funding round of $140 million, establishing it as a prominent entity within the convergence of blockchain and AI.
Could Sui be poised for a breakthrough? The month of April might be pivotal in determining its status as a leading non-BTC crypto candidate.
What is Walrus Crypto?
Walrus Crypto transforms data storage with decentralization as its foundation. Whether dealing with LLMs or confidential corporate documents, it offers a private, secure methodology for managing essential data outside of centralized risks.
This development is crucial for the AI sector. Businesses need to utilize data for testing and modeling without the danger of exposure within centralized systems, and Walrus delivers the perfect remedy.
“Walrus securely and privately stores data in a decentralized manner. Filecoin falls short on this front, yet it’s valued at $2 billion…” the Walrus team tweeted. “We aim to combat centralization and the misuse of data, particularly in AI.”
Happy blobday to those that celebrate. We bring exciting update!
1⃣ Walrus Live network will launch on March 27
2⃣ Walrus Tokenomics revealed
3⃣ $140M raised in funding to make data truly programmable— Walrus
/acc (@WalrusProtocol) March 20, 2025
Walrus has already created significant partnerships:
- Plume Network: A platform focused on real-world asset (RWA) validation has selected Walrus for secure data storage in industries with stringent regulation needs.
- TradePort: The multichain NFT trading protocol operates a Walrus network node, demonstrating trust in the protocol’s capacity to safeguard NFTs and other digital properties.
- Linera: This emerging Layer 1 blockchain has partnered with Walrus to ensure that its data storage framework achieves goals for both scalability and safety.
(source)
These collaborations highlight Walrus’s versatility in addressing various requirements throughout Web3, TradFi, and beyond.
A Potential New Leader in Sui? $140M Funding Raised Despite Trading market Challenges
Mysten Labs has secured $140 million in funding for Walrus, with notable contributors like Franklin Templeton, a16z crypto, and Standard Crypto on board.
Building on Sui’s momentum—with stablecoin transactions doubling and user engagement surging by millions last year—Walrus could provide Sui with the competitive advantage necessary to outstrip Ethereum and Solana.
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Key Takeaways
- Is Sui finally on the verge of a breakthrough? Walrus crypto aims to elevate Sui into the limelight.
- Walrus Crypto redefines data storage with decentralization and AI at its foundation.
- Mysten Labs has successfully raised $140 million for Walrus.
The article SUI Holders Prepare for a Significant April and Walrus Crypto Launch first appeared on 99Bitcoins.
