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How a16z-backed DATA is rethinking its blockchain strategy after $30 million Sui deal

Summary by Coin Desk
The startup is retiring its own blockchain and moving to Sui with a $30 million investment as it narrows its focus to AI training data.
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How a16z-backed DATA is rethinking its blockchain strategy after $30 million Sui deal

The startup is retiring its own blockchain and moving to Sui with a $30 million investment as it narrows its focus to AI training data.

·New York, United States
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Crypto Project That Raised $140 Million Shuts Down Its Own Network: Will Move to Sui

DATA, backed by Andreessen Horowitz's crypto investment arm a16z, is undergoing a strategic shift that could have a major impact on the crypto sector. The startup, formerly known as Story Protocol, has decided to shut down its own first-layer blockchain, which it had developed over the years, and continue its operations on Sui. It is reported that the company has raised approximately $140 million in funding since its inception. Despite this, man…

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TokenPostTokenPost

DATA Foundation Plans to Move DATA Network to Sui as It Refocuses on AI Training Data

A $30 million Sui Foundation investment accompanies the shift. Walrus is planned as the default storage layer for DATA Foundation applications.

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Cryptocurrency News - TCATCryptocurrency News - TCAT

DATA Network Kills Its Own Chain After Sui Foundation Drops $30 Million

DATA Network is shutting down its blockchain. The Bellevue, Washington company — formerly called Story Protocol — is moving everything… Read the original on DATA Network Shuts Down Its Chain After $30 Million Sui Bet. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

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Coin Desk broke the news in New York, United States on Wednesday, October 21, 2026.
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