• Elite "Blue-Blood" Team: It was developed by Mysten Labs, the same company that created the Sui Network. The team is composed of former top-tier engineers from Meta (Facebook) who worked on the Diem blockchain. This isn't a "basement project"; it’s a high-level engineering effort.

  • Heavyweight Backing: In early 2025, the Walrus Foundation raised $140 million in a private token sale. This round was led by a16z crypto and Standard Crypto, with participation from Franklin Templeton. These are major institutional names that perform deep audits before investing.

  • Proven Technology (RedStuff): Walrus uses a unique encoding system called "RedStuff." Unlike older storage coins (like Filecoin) that can be slow or expensive, Walrus is designed to be as fast as traditional cloud storage (AWS) while remaining decentralized.

  • Economic Security: The network uses a Delegated Proof-of-Stake (dPoS) model. To run a node and earn rewards, operators must stake $WAL tokens. If they fail to store data correctly, they lose their stake (slashing), which creates a strong financial incentive to stay honest.

    WALSui
    WALUSDT
    0.1189
    -6.81%

  • @Walrus 🦭/acc #walrus $WAL