DATA Network, an on-chain AI training data protocol, raised $30M from Sui Foundation.
VC & Fundraising ·
DATA Network, an on-chain AI training data protocol formerly known as Story Protocol, secured $30 million in funding from Sui Foundation. The investment targets expansion of Sui's ecosystem infrastructure through support for on-chain data infrastructure.
The funding underscores Sui Foundation's focus on backing protocols that handle core network functions. DATA Network's positioning around AI training data suggests the protocol aims to serve applications requiring structured, verifiable data inputs on-chain, a capability relevant to broader Sui ecosystem development.
Questions remain about the protocol's specific use cases, tokenomics, and timeline for deployment on Sui. The relationship between DATA Network's prior identity as Story Protocol and its current focus also lacks public clarification in available materials.