The Walrus protocol, a blockchain -based data storage platform, said it raised $ 140 million in a private sale of its native token, Wal, directed by Standard Crypto.
The main protocol network, originally developed by MySten Labs and built in Blockchain Sui de Layer-1, will debut on March 27, the Walrus Foundation said Thursday.
The MORSA plans to capitalize on the growing market to store large amounts of data, promoted in particular by the proliferation of artificial intelligence (AI) tools in recent years.
“By taking advantage of Sui’s unique architecture, we are storing programmable, interactive and safe data,” said executive manager of the Walrus Rebecca Simmonds Foundation in the statement.
The tokens sale funds, which included the participation of A16z Crypto, Electric Capital, Franklin Templeton Digital Assets and RW3 Ventures, will be used to expand the decentralized protocol for project storage of the project and create more applications on it.
