DATA Network to Transition to Sui Blockchain with $30 Million Support

DATA Network will retire its own blockchain to migrate onto Sui, supported by a $30 million investment from the Sui Foundation.

DATA Network has announced it will migrate its operations to the Sui blockchain and retire its own blockchain infrastructure. This strategic move aims to leverage the capabilities of the Sui platform for enhanced performance and scalability.

According to CoinTelegraph, the migration is supported by a $30 million investment from the Sui Foundation, underscoring strong backing for the integration and future development on Sui.

For Japanese investors, this transition highlights the growing trend of blockchain projects consolidating resources to harness more advanced networks, a factor increasingly influencing FX and crypto markets in Japan.

#newsroom

By Sama Kane

Tokyo Overnight

Japan markets, decoded. Get the brief in your inbox.

No spam. Unsubscribe anytime.