A decentralized storage protocol for unstructured data (blobs) such as videos, audio, images, and blockchain data.
Built on the Sui blockchain, enabling the use of smart contracts to manage data on and off the chain.
The WAL Token:
Utility: Used to pay for storage, maintaining stable costs in fiat currency.
Staking and Governance: Holders can stake (lock) their WAL tokens to participate in network validation and vote on protocol decisions, incentivizing honest behavior.
Security Mechanisms: Implements token burning and penalties for low-performance nodes to ensure integrity and efficiency.