Sui Foundation Commits $30M to Support DATA Network Migration

Key Facts

The Sui Foundation committed $30 million to support the migration of DATA Network's AI training-data registry and native token to the Sui ecosystem. AMBCrypto reported that this investment positions the Sui Foundation as the largest institutional investor in DATA Network, as the project prepares to shutter its independent blockchain and move all applications to the Sui network.

The migration occurs as the SUI token faces downward price pressure, dropping over 5% to trade near the critical $1 support level. According to the Sui Foundation, the network currently processes over three million receipts daily, while its Trace registry has recorded more than 250 million data contributions since its launch in June.