Data Storage Protocol Walrus Raises $ 140m in Token Sale Ahead of Mainnet Launch

Data Storage Protocol Walrus Raises $ 140m in Token Sale Ahead of Mainnet LaunchThe Mainnet of the Protocol, Originally Developed by Mysten Labs and Built on Layer-1 Blockchain Sui, Will Launch on March 27 Mar 20, 2025, 5:16 PM UTC

The Walrus Protocol, A Blockchain-Based Data Storage Platform, SAID IT RAISED $ 140 MILLION IN A PRIVATE SALE OF ITS NATIVE TOKEN, WAL, LED BY Standard Crypto.

The Mainnet of the Protocol, Originally Developed by Mysten Labs and Built on Layer-1 Blockchain Sui, Will Debut on March 27, The Walrus Foundation Said Thursday.

Walrus Plans to Capitalize on the Growing Market for Storing Large Amountains of Data, Driven in Particular by the Proliferation of Artificial Intelligence (AI) Tools in the Last Cuple.

“By LeveraGing Sui’s Unique Architecture, We’re Making Storing Data ProgramMable, Interactive, and Secure,” Walrus Foundation Managing Executive Rebecca Simmonds Said in The Statement.

The Funds from the Token Sale, Whokludd Participation from A16z Crypto, Electric Capital, Franklin Tampleton Digital Assets and Rw3 Ventures, Will Be Used To Expande. Storage Protocol and Build Further Applications Atop It.