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Why This Raise Mattered: Solving Real Pain Points in Web3 & AIWalrus isn't another generic storage play.
Built natively on the high-speed Sui blockchain, it delivers programmable blobs — large data files (videos, AI datasets, NFTs, game assets) that are:Decentralized and censorship-resistant
Ultra-efficient thanks to advanced erasure coding (RedStuff tech slashes costs dramatically — think $50/TB/year subsidized vs. competitors)
Programmable — add dynamic logic, versioning, royalties, or access controls right on-chain
AI-ready — perfect for verifiable datasets, agentic economies, and privacy-focused apps via innovations like Seal encryption
The timing was perfect: As AI exploded and Web3 apps demanded scalable, cheap, secure data layers (bye-bye centralized AWS dependencies), Walrus positioned itself as the Sui-native backbone. The $140M war chest fueled rapid mainnet rollout, ecosystem grants, developer tools, and integrations that have since powered dApps in gaming, identity (e.g., Humanity Protocol), NFTs (TradePort), and more.