Sui Foundation invests $30 million in DATA Network as AI data protocol migrates to Sui

What happened

DATA Network is set to be upgraded to run as a protocol natively on Sui, and its independent chain will be retired. The project, previously known as Story Protocol, will be rebuilt to run as a native protocol on Sui , and its independent Layer 1 chain will be shut down.

For a project that launched as its own chain less than two years ago, that is a notable change of address. What is actually changing The migration was revealed on October 8, 2026, by Eman Abio, identified as a co-founder of Sui, at Sui ecosystem events.

DATA will also integrate with Walrus Protocol, a decentralized storage layer, to handle storage and data coordination. The post Sui Foundation commits $30 million as DATA Network retires its own chain for Sui appeared first on Crypto Briefing .

11, 2026 DATA Network is giving up its own blockchain. The Sui Foundation is backing the move with a $30 million investment.

The core of the plan is simple: DATA stops maintaining separate infrastructure and moves its operations onto Sui. DATA now concentrates on services around data provenance, licensing and auditing.

Its auditing tool, called Trace, is meant to help track where data came from and whether it can be used. Advertisement The numbers behind the network give some sense of scale.