Walrus Foundation, the organization dedicated to the promotion and growth of the Walrus protocol, today announced a $140 million private token sale led by Standard Crypto, with participation from a16z crypto, Electric Capital, Creditcoin, Lvna Capital, Protagonist, Franklin Templeton Digital Assets, Karatage, RW3 Ventures, Comma3 Ventures, and The Raptor Group. Walrus Foundation intends to utilize the funding towards the expansion and maintenance of the decentralized data storage protocol and application development platform.

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In addition, we’re excited to announce that Walrus Mainnet will launch on March 27, unlocking new possibilities for how data can be stored and utilized with applications ranging from AI datasets, rich media files, websites, to blockchain history, furthering its mission of transforming storage into an interactive, programmable resource. With this latest funding, Walrus is poised to accelerate the adoption of programmable storage, driving innovation across industries that rely on secure, efficient, and interactive data management. For more information on Walrus tokenomics, visit https://www.walrus.xyz/wal-token.

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Originally developed by Mysten Labs, Walrus is a decentralized storage platform built on Sui that allows any application to publish, read, and program large data files. Applications on Walrus can manage onchain and offchain data files, referred to as blobs, via Move-based smart contracts, ensuring that data is supported for the entire storage lifecycle. 

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Rebecca Simmonds, Managing Executive of Walrus Foundation stated, “This investment is a significant milestone to redefine decentralized storage. By leveraging Sui’s unique architecture, we’re making storing data programmable, interactive, and secure. Walrus is uniquely positioned to capitalize on this growing market and this funding will allow us to drive the adoption of programmable storage across industries as businesses search for flexible and verifiable data solutions.”

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Unlike traditional storage solutions, Walrus leverages its Sui integration to transform storage into a programmable resource, enabling dynamic data interactions, smart contract automation through Move, and new financial applications. Walrus’ decentralized platform enables true programmability that allows data to be dynamically managed, interacted with and modified. By integrating storage, availability, and compute, Walrus offers a seamless, cost-efficient, and scalable solution for modern data needs. 

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Adam Goldberg, Managing Director and Co-Founder at Standard Crypto, spoke about the recent investment stating, “Prior onchain storage attempts have struggled with scalability, flexibility, and security, limiting their adoption within a rapidly expanding set of use cases for both apps and infrastructure. We believe, with Walrus, we finally have an internet-scale and crypto-native storage platform designed for the coming era of data-heavy blockchain adoption. We've been backers of Mysten Labs since the very beginning and, inspired by their ability to transform research breakthroughs into breakout products, we're thrilled to deepen our partnership through a new investment in Walrus.”