Walrus (WAL) is a brainchild of Mysten Labs, a Web3 innovator founded by ex-Meta engineers who also built Sui. Its native coin powers the Walrus Protocol. The protocol is a system that slashes the cost and complexity of on-chain data storage. Users can trust it for storage of large data like video archives or smart contract logs. WAL handles storage payments, staking for network stability, and governance.
It can be used by developers, node runners, and users to craft decentralized apps on Sui. It’s a utility token that aims to rival centralized clouds like AWS or Google while giving solution providers the blockchain’s trustless edge and no corporate oversight. This decentralization will also enhance security and make storage a lot cheaper.
WALUSDT
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