DATA Network to migrate to Sui, retire own chain

DATA Network, formerly known as Story, is planning to retire its independent blockchain and move its AI training data protocol to Sui, backed by a $30 million investment from Sui Foundation.

The project’s Trace registry, which launched in June, will join the Sui ecosystem, while Walrus, a decentralized storage platform in the Sui ecosystem, will become the default storage layer for applications operated by DATA Foundation, its partners said on Monday.

The partners pointed to Sui’s ability to process millions of daily data registrations and Walrus’s capacity to store large training datasets as reasons for the move.

The DATA Network will continue to operate until the upgrade is complete, and a detailed timeline and holder transition plan will be published prior to the upgrade, it said.

The Story Protocol was a blockchain built around intellectual property licensing. In June, it pivoted to building a “full stack for AI training data” as it rebranded to DATA Foundation.

The company also launched an on-chain registry for AI training data provenance and licensing, called Trace.

Related: Story Protocol rebrands to DATA Foundation in AI pivot