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Sui Foundation invests $30M in DATA Network as it migrates to Sui blockchain, retiring its own chain.

Protocol Fundamentals
12 Oct 2026
Crypto news
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Bullish
Sui Foundation invests $30M in DATA Network as it migrates to Sui blockchain, retiring its own chain.

Sui Foundation has invested $30 million in DATA Network, becoming its largest institutional holder. DATA Network will retire its independent blockchain and migrate its tokens to Sui on a one-to-one basis, preserving governance rights and vesting schedules. The partnership includes integrating DATA's Trace registry and using Walrus as the default storage platform for AI training data. The migration aims to streamline operations and enhance AI data infrastructure on Sui, with detailed migration plans to be announced soon.

Sui Foundation's $30 million investment in DATA Network is notable. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 12, 2026 10:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 42 rose and 6 fell today. Leading gainers include FIL (Filecoin) at Rp21.905 with a 10.96% increase and a typical hold time of 99 days, XTZ (Tezos) at Rp5.765 up 8.86% with 100% buy order activity, and EOS (EOS.IO) at Rp12.649 rising 8.13% with a typical hold time of 87 days.

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