Walrus Crypto ($WAL), the Newest Venture from Sui Creators at Mysten Labs, Is Taking Aim at Decentralized Data Storage for AI and Machine Learning

Walrus Crypto ($WAL), the newest venture from Sui creators at Mysten Labs, is taking aim at decentralized data storage for AI and machine learning.

The cryptocurrency market is buzzing with anticipation as the newest venture from Sui creators Mysten Labs, playfully named Walrus Crypto $WAL, takes aim at decentralized data storage for artificial intelligence (AI) and machine learning. But as we follow the tale of this crypto project, a question arises: why do most of these projects end up with animal names? Perhaps it's a marketing ploy to make the technology more approachable, or maybe it's simply a reflection of the close-knit community within the crypto space. Regardless, the crypto projects often adopt animal names to create a unique identity and foster a sense of belonging among their supporters.

The project, which launched its mainnet on March 27, has already secured $140 million in funding from prominent backers like Franklin Templeton, a16z crypto, and Standard Crypto. This substantial investment is a testament to the promising potential of Walrus, especially considering the current market conditions.

As we delve deeper into the realm of crypto, we encounter another interesting tidbit. It seems that most of the successful altcoins, such as Shiba Inu and Dogecoin, also feature animal names. Could this be a coincidence, or is there a deeper meaning behind this naming convention?

In a surprising turn of events, though, Mysten Labs's project has opted for an animal name, further fueling the speculation surrounding this venture.

Is Sui finally making its move? April could determine if it becomes a leading altcoin contender.

What is Walrus Crypto?

At the core of Walrus Crypto lies a decentralized vision of data storage. Whether it’s LLMs or sensitive corporate files, the system offers a private, secure way to manage critical data, ultimately shifting the paradigm of data control.

This innovation is especially crucial for the AI industry. Companies prefer to use data for testing and modeling in a less exposed manner, especially with the advent of AI, which demands vast amounts of data for training and testing purposes.

"Walrus stores data privately, securely, and in a decentralized way. Filecoin can’t do this. Yet it’s a $2 billion project..." the Walrus team pointed out in a recent tweet. "We want to prevent centralization and the abuse of data, especially in AI."

Happy blobday to those that celebrate. We bring exciting news!

1️⃣ Walrus Mainnet will be live on March 272️⃣ Walrus Tokenomics unveiled 📊3️⃣ $140M secured in funding to make data truly programmable

🧵👇 pic.twitter.com/LeGDJs865c— Walrus 🦭/acc (@WalrusProtocol) March 20, 2025

This venture has already sparked interest from several notable companies:

• DeFi lending platform Aave (AAVE) is integrating with Walrus to enable efficient liquidity provision in a decentralized manner.

• Coinbase Ventures, the investment arm of the leading cryptocurrency exchange, has also joined the ranks of backers, showing confidence in the project's potential for long-term success.

• يبشر بنموذج ترخيصي مرئي في مجالات متعددة. قد نرى في يوم من أيام شهر أبريل على DEFI STATION.

— STANDARD CRYPTO (벤처투자 및 토큰 경제 플랫폼) (@STANDARDCRYPTO_) March 21, 2025

These partnerships highlight the potential of Walrus to serve diverse needs across Web3, TradFi, and various socioeconomic domains.

A New Top Sui Project? $140M Funding Despite Tough Market Conditions

Mysten Labs has managed to secure an impressive $140 million in funding for Walrus, with additional contributions coming from Franklin Templeton, a16z crypto, and Standard Crypto. This significant investment is especially noteworthy given the current state of the crypto market, which has seen a downturn in recent months.

As we pivot to the realm of Sui, we're encountering an astronomical surge in stablecoin volumes and engagement, with numbers spiking by millions last year. This incredible growth is set to propel Sui into the limelight, potentially giving it an edge over Ethereum and Solana.