Standard Crypto leads $140m raise for Walrus Foundation
Standard Crypto has backed a $140 million raise for Walrus Foundation, an organization looking to build a highly scalable decentralized storage solution on Sui.
The Walrus protocol is a blockchain-based data storage platform currently in testnet. Per details in a announcement, the funding from a private token sale will help Walrus Foundation to scale the data storage network on Sui (SUI).
“This investment is a significant milestone to redefine decentralized storage. By leveraging Sui’s unique architecture, we’re making storing data programmable, interactive, and secure,” Rebecca Simmonds, managing executive of Walrus Foundation, said in a statement.
Walrus plans to capitalize on the rising demand for…
