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Business · Cryptocurrency · published 2026-10-12 · via Crypto Briefing

DATA Network to shut down its Layer 1 and rebuild on Sui with $30M backing

Image via Crypto Briefing
Image via Crypto Briefing

DATA Network, formerly Story Protocol, will stop running its independent Layer 1 blockchain and become a native protocol on Sui. The Sui Foundation is investing $30 million in the migration, which was announced on October 8, 2026. DATA will also use Walrus Protocol for decentralized storage as it focuses on provenance, licensing, and auditing tools for AI training data.

Expanded Detail

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DATA Network, once Story Protocol, launched in February 2025 as an EVM-compatible Layer 1 for IP that could be programmed and licensing that could be automated. It rebranded to DATA Foundation on June 25, 2026, swapping IP tokens for DATA tokens one-for-one.

The October 8, 2026, announcement by Sui co-founder Eman Abio outlined a $30 million Sui Foundation investment. DATA will use Walrus for decentralized storage and Trace for auditing. Its apps Kled and Numo have generated over

Expanded detail and Context are AI-generated analysis; the linked article remains the authoritative source.
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This summary is Al-enhanced to contain extended analysis and broader social context. The original is {NAME); the linked article is the authoritative source. Original headline: “Sui Foundation commits $30 million as DATA Network retires its own chain for Sui.” Browse more stories.