by Walrus Foundation
Quick Fact
Walrus launched its public Testnet in October 2024, with its Mainnet going live on March 27, 2025. It supports erasure-coded, resilient blob storage and enables programmable interaction through Move smart contracts on Sui. Walrus raised $140 million in March 2025, led by Standard Crypto and a16z, and is backed by Mysten Labs—bringing enterprise-grade, low-cost decentralized storage to Web3 for AI datasets, NFT metadata, and rollup data availability.
Walrus is a decentralized blob storage and data availability platform built on the Sui blockchain. Designed to provide scalable, resilient, and programmable storage infrastructure, Walrus supports cross-chain integrations with Ethereum and Solana, making it a foundational layer for Web3 applications, AI data pipelines, and modular blockchain systems. Governed by the Walrus Foundation, the protocol is engineered for long-term decentralization and ecosystem growth.
Walrus enables developers to store and retrieve large binary objects (blobs) using erasure-coded storage. This approach increases reliability, ensures data redundancy, and reduces cost by optimizing the balance between performance and resiliency.
As modular rollups and data-intensive Web3 apps expand, Walrus serves as a low-cost, high-integrity data availability (DA) layer. It allows rollup builders to publish and verify state roots and transaction data with guarantees of availability and persistence.
By operating on the Sui blockchain, Walrus enables programmable interactions through Move smart contracts. This includes token-gated access to files, payment-triggered uploads, and storage proofs directly linked to on-chain logic.
Walrus is natively integrated with Sui but extends access to Ethereum and Solana ecosystems. Developers from those chains can leverage Walrus for off-chain data needs while maintaining interoperability with existing smart contracts and applications.
The Walrus Foundation oversees protocol development, community funding, and long-term roadmap execution. It was formed as an independent nonprofit entity, backed by initial contributions from Mysten Labs.
In March 2025, Walrus raised $140 million in a private token round led by Standard Crypto and a16z, with participation from Coinbase Ventures, Lightspeed, and Electric Capital. The raise supports the development of decentralized storage incentives, validator infrastructure, and global expansion.
Walrus will introduce a native token to incentivize storage node operators, enable decentralized governance, and facilitate payment for data services.
Storage Payments: Users pay for blob storage and retrieval
Staking and Validation: Node operators stake tokens to participate in storage provisioning
Governance: Token holders vote on upgrades, parameters, and funding proposals
Rollup Data Availability
AI Dataset Archival and Query
NFT Metadata Hosting
DePIN/IoT Data Logging
Token-Gated File Access
Streaming and CDN Alternatives