Sui Foundation Invests $30 Million in DATA Network, AI Training Data Protocol to Migrate to Sui

Odaily News: The Sui Foundation has announced a $30 million investment in DATA Network. As part of the strategic partnership, DATA Network will join the Sui tech stack and integrate with on-chain data storage platform Walrus. The Sui Foundation will become the largest institutional holder of DATA Network, alongside existing stakeholders PIP Labs and DATA Foundation. DATA Network will upgrade to a protocol running natively on Sui, its standalone chain will be retired, and existing DATA tokens will migrate to Sui at a 1:1 ratio. The original network will continue to operate until the transition is complete, and the Sui Foundation will release a detailed timeline ahead of the upgrade. Walrus will become the default storage layer for applications operated by DATA Foundation. DATA Foundation pivoted from general intellectual property infrastructure to AI training data in June of this year. Its Trace product, launched in June, is used to track the provenance and usage rights of AI training data and settle payments to data contributors. The Trace registry has recorded over 250 million contributions since launch and currently processes more than 3 million receipts per day. The co-founder and Chief Product Officer of Mysten Labs stated that the AI industry has entered a phase where open internet content has been fully read, and the next frontier is accessing consented datasets with the provenance proofs required for regulatory compliance. After DATA Network and Trace migrate to the Sui tech stack, they will provide large volumes of high-quality, rights-clear data that already serves leading AI labs globally.