Walrus $WAL - the top 1 project in the Decentralized Storage sector on Sui currently in testnet

People are only talking about #Sui , a number of DEX projects on Sui, memecoins, so today let’s take a look at this sector on Sui.

🗃️Filecoin and Arweave are the top 1 projects in the Decentralized Storage (decentralized data storage) sector.

🔸Filecoin: primarily used to store metadata for NFTs. This metadata is often linked to IPFS, allowing for distributed, fast, and reliable data storage.

🔸Arweave: focuses on file data storage, particularly suitable for storing data related to applications and websites.

The popular modern data storage method is BLOB (Binary Large Object), but the storage and access methods are often not optimal in decentralized environments.

🔸Project #Walrus is a decentralized solution designed to optimize BLOB storage.

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Overview:

🔸The Walrus team is the development group behind Sui - Mysten Labs.

Walrus is built on Sui, using the Move programming language.

🔸Easy access, high security, and low cost. Anyone, including builders on Ethereum or Solana, can use Walrus as a storage solution.

🔸Not only decentralized storage, but Walrus also supports applications related to AI.

Recently, Akord is a company specializing in decentralized data storage. They switched from Arweave to Walrus because Walrus offers unique benefits that Arweave cannot provide.

▶️After switching to Walrus, Akord also rebranded to Tusky.