Using Walrus ($WAL) provides unique value for both developers and users within the Web3 ecosystem, particularly regarding the need for modern data storage and management. Here are the main reasons to use it:
Storage Solution Suited for Modern Needs
- Many current decentralized storage platforms are suboptimal for large files such as videos or complex datasets. Walrus is specifically designed to handle large "blobs" of data on-chain, making it the ideal choice for applications relying on multimedia content or large-scale data.
Seamless Integration with the Sui Ecosystem
- As a protocol built directly on top of Sui, it leverages the blockchain's high transaction speed, low latency, and efficient cost model. This makes the development and use of data-driven applications smoother and more cost-effective.
Greater Data Control
- As a decentralized system, users have full control over their data without relying on centralized third parties. The data distribution mechanism across multiple nodes also enhances security and prevents the risk of data loss due to single system failures.
Integrated Token Value
- $WAL serves as the native currency of the ecosystem, used to pay for storage fees, transactions, and accessing premium features. Additionally, the token is used in governance mechanisms, enabling holders to participate in decision-making regarding the protocol's development.
Wide Range of Use Case Potential
- Programmable storage capabilities open up opportunities for new applications such as decentralized streaming platforms, creative content marketplaces, scientific data management systems, and high-quality digital asset gaming applications.
