DATA Network to migrate to Sui, retire own chain

{"heading_1":"The Decision to Migrate","paragraph_1":"DATA Network, formerly known as Story, is pivoting from intellectual property licensing to building a 'full stack for AI training data.' The decision to migrate to Sui blockchain is driven by the need to reduce costs associated with running a dedicated blockchain for a single use case.","paragraph_2":"The DATA Network's Trace registry, which launched in June, will join the Sui ecosystem. Walrus, a decentralized storage platform in the Sui ecosystem, will become the default storage layer for applications operated by DATA Foundation.","paragraph_3":"The decision to migrate was influenced by the growth of the Trace registry, which has grown to over 270 million registrations in about four months. Running an independent blockchain for one use case no longer makes sense given this growth.","paragraph_4":"The DATA Network will continue to operate until the upgrade is complete, and a detailed timeline and holder transition plan will be published prior to the upgrade."}