Sui Makes a $30 Million Move for AI: DATA Network Shuts Down Its Own Network! Here Are the Details

The Sui Foundation is investing $30 million in DATA Network, which tracks the source and usage rights of AI training data, and bringing the protocol to the Sui network. Sui Foundation has formed a $30 million strategic partnership with DATA Network, which focuses on AI training data. Under the agreement, DATA Network will cease using its standalone blockchain and begin operating as a native protocol on Sui. Existing DATA tokens will be migrated to the new network at a one-to-one ratio. For every DATA token held by users, the same amount of tokens will be created on Sui.