Mysten Labs, founded by former employees of Meta’s scuttled crypto project Diem, raised $300 million in 2022 to develop Sui. Sui main selling point was that it is fast.
The Ethereum blockchain, essentially a decentralized cloud computing network, is slower than centralized cloud computing services from companies like Google or Amazon.
Its plodding pace has prompted developers, like those behind Sui or competitor Solana, to build blockchains that promise increased processing power. Mysten Labs took that same focus on speed to $WAL
Like other decentralized storage networks, Walrus Protocol promises users that no central entity, like Google, can delete their files and it is faster and cheaper.
WAL
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