DATA Network prepares to move to Sui with a announced investment of 30 million
Sui Foundation and DATA Foundation announced an integration for artificial intelligence training data on October 12, 2026. Sui Foundation announced a strategic investment of 30 million dollars; the statement does not specify how much has been disbursed.
DATA Network will operate as a native Sui protocol and retire its independent chain. The current network will continue operating until the transition is complete. The timeline and plan for holders will be published before the migration: the announcement does not confirm that it has already taken place.
The token transfer is planned at a 1:1 ratio, with locked positions and release schedules maintained. DATA Network originated as Story, renamed in June; it is a separate project from Streamr, which also uses the DATA symbol.
Trace records the provenance, rights, and payments for contributed data. Walrus will be the default storage solution for DATA Foundation applications. The integration aims to preserve verifiable encrypted copies of the original files, in addition to recording their existence.
Market perspective: Binance Spot showed SUI at 1.1274 USDT (+2.36% in 24 hours) and WAL at 0.03759 USDT (−1.65%) at 06:54 UTC on October 12. These changes do not prove an effect from the announcement. Technical execution and adoption risks remain; the investment does not guarantee revenue or token appreciation.
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Educational Content. Not financial advice.
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