Walrus Crypto ($WAL), the newest venture from Sui creators at Mysten Labs, is taking aim at decentralized data storage for AI and machine learning. Why do most of these crypto projects end up with animal names?
The project launched its mainnet on March 27 after securing a hefty $140 million funding round, marking it as a key player in the intersection of blockchain and AI.
Is Sui finally about to make its move? April could determine if it becomes a leading altcoin contender.
What is Walrus Crypto?
Walrus Crypto reimagines data storage with decentralization at its core. Whether it’s LLMs or sensitive corporate files, the system offers a private, secure way to manage critical data beyond the reach of centralized vulnerabilities.
This innovation is particularly vital for the AI industry. Companies want to use data for testing and modeling without risking exposure in centralized environments, and Walrus provides the ideal solution.
“Walrus stores data privately, securely, and in a decentralized way. Filecoin can’t do this. Yet it’s a $2 billion project…” tweeted the Walrus team. “We want to prevent centralization and the abuse of data, especially in AI.”
Happy blobday to those that celebrate. We bring exciting news!
1⃣ Walrus Mainnet will be live on March 27
2⃣ Walrus Tokenomics unveiled
3⃣ $140M secured in funding to make data truly programmable— Walrus
/acc (@WalrusProtocol) March 20, 2025
Walrus has already formed notable partnerships:
- Plume Network: A platform focused on real-world asset (RWA) verification has chosen Walrus for secure data storage in compliance-heavy industries.
- TradePort: The multichain NFT trading platform runs a Walrus validator, showing confidence in the protocol’s ability to protect NFTs and other digital assets.
- Linera: This new Layer 1 blockchain has partnered with Walrus to ensure data storage infrastructure meets its goals for scalability and security.
(source)
These partnerships underline Walrus’s adaptability to serve diverse needs across Web3, TradFi, and beyond.
A New Top Sui Project? $140M Funding Secured in Tough Market Conditions
Mysten Labs has drawn $140 million in funding for Walrus, with backers like Franklin Templeton, a16z crypto, and Standard Crypto joining the fold.
Riding on Sui’s momentum—with stablecoin volumes doubling and engagement spiking by millions last year—Walrus could give Sui the edge it needs to outpace Ethereum and Solana.
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Key Takeaways
- Is Sui finally about to make its move? Walrus crypto is looking to launch Sui into the big leagues.
- Walrus Crypto reimagines data storage with decentralization AI at its core.
- Mysten Labs has drawn $140 million in funding for Walrus.
The post SUI Holders Brace For Seismic April and Walrus Crypto Launch appeared first on 99Bitcoins.
