Walrus Protocol is revolutionizing decentralized storage with its upcoming testnet launch. Mysten Labs Chief Scientist George Danezis shared that the recent Walrus devnet hackathon, Breaking the Ice, attracted over 60 projects and 288 participants, awarding $50,000 to 10 winning teams. Notable projects include Walrus Pass, a comprehensive ticketing app, and Link Forge, a decentralized social networking platform. These apps utilize Walrus' secure blob store, which stores data in small, distributed chunks for resilience. Walrus' unique data encoding algorithm, Red Stuff, efficiently encodes and reconstructs files, enhancing storage node efficiency. Leveraging Sui's blockchain, Walrus manages metadata and payments at scale. Future applications include Walrus Sites for website hosting and AI data storage. The testnet phase aims to enhance performance and community engagement, showcasing Walrus' potential in decentralized storage solutions. Read more AI-generated news on: https://app.chaingpt.org/news