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DATA Network to shut down its chain and rebuild on Sui with $30M investment from Sui Foundation

Protocol Fundamentals
12 Oct 2026
Unchained
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Bullish
DATA Network to shut down its chain and rebuild on Sui with $30M investment from Sui Foundation

The DATA Network, formerly known as Story, will shut down its own blockchain and rebuild as a protocol on the Sui platform. The Sui Foundation is investing $30 million, becoming the largest institutional stakeholder in the network. DATA tokens will convert one-for-one onto Sui, with holders retaining equivalent economic and governance rights, though no migration date has been set yet. The move also involves integrating Walrus as the default storage layer for encrypted AI training data, enhancing data security and traceability for the network's Trace registry.

The DATA Network's plan to shut down and rebuild on the Sui platform comes as 37 of 50 major cryptocurrencies on Pluang rose today. For readers following the broader crypto market, here is Pluang's snapshot as of Oct 12, 2026 16:41 WIB: SNX (Synthetix) priced at Rp4.473 with a 3.90% increase and 100% sell order activity, COTI at Rp243 up 3.87% with 75% sell orders, and LINK (Chainlink) at Rp238.406 rising 3.67% with 97% buy orders. Overall, the market breadth shows more gains than losses among major cryptos.

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