Sui Foundation invests $30M in DATA as project shuts down its L1 and moves to Sui
- —Sui Foundation invested $30M, becoming DATA's largest institutional shareholder
- —DATA token will migrate to Sui at a 1:1 ratio with rights and vesting unchanged
- —Trace logs data provenance and consent; partner Kled generates 3–4M records daily
- —Walrus will handle storage and Seal encryption; licensing revenue figures were not disclosed
Why it matters: A major a16z-backed project abandoning its own L1 for Sui strengthens that ecosystem and sets an early standard for AI data provenance.
Source: 動區 BlockTempo