Walrus April Updates

Both on its own account and as part of the Sui ecosystem, the Walrus Protocol has been busy with lots of productive updates. Their goal is to bring decentralized data storage to everyone from the public to large datasets like AI models.

Let’s see what Walrus has been up to over the last few weeks.

Some Walrus Mainnet Stats

Many of you know the Walrus mainnet has only been live since the end of March. But it is crushing it.

These are just some of the stats on users and money raised and other signs of growth for the platform. All of that came out at Sui Basecamp, which took place late last week in Dubai alongside Token2049. It’s pretty simple. Both the public and businesses and fellow crypto projects are coming to Walrus and using it.

The Case for Decentralized AI

One of the big concerns many in our industry have about the growth of AI is control and access to our data. Having already failed at this with social media, there are many projects around now trying to prevent the big AI platforms like ChatGPT and Claude from getting access to all of our data for free yet again.

Walrus is one of the leaders in trying to prevent it. Decentralized AI is important for everyone, not just privacy lovers. Since the platform is built differently than other storage solutions and has a specialty in storing blobs (large forms of unstructured data), this makes Walrus uniquely qualified to host decentralized versions of AI models. In fact, open source model Deepseek is already on a Tao subnet and fellow open source model Qwen is another we expect to see hosted on Walrus soon. Qwen in particular is small enough to be hosted locally on your own computer. That’s pretty good. Yet, what really matters is that we don’t just give away our data again like it’s worthless. It’s not. Models need this data.

An entire industry of small business, SAAS, and niche-specific responsive AI apps can now be built with ease using Walrus for storage and access to the model. It’s a whole new global economy that Walrus is enabling along with some others.

New Partners & Clients

Among the new clients Walrus has picked up in recent weeks is the popular crypto podcast Unchained with Laura Shin. The entire podcast and all media, episodes and related content are now all available instantly thanks to storage on Walrus.

The Tradeport integration means the NFT marketplace can do what it does more easily and with Walrus’ advanced storage of metadata, new mints or combining NFTs into one when playing a game are easier and faster than ever before.

And on the NFT front, the Pudgy Penguins NFT collection is storing all its digital media on Walrus. You can read about it right here.

$WAL Token Performance

Over the last 2 weeks, the market hasn’t done very much with one huge exception for the Sui ecosystem. But it’s clear that Walrus’ performance is NOT just because it’s part of Sui. In the last 2 weeks. $WAL has gone from 41c up to 55c. That’s a big move of 30+% in what’s been a non-trending market lately. We at Altcoin Buzz think the huge returns and benefits for $WAL token holders are just beginning, especially if you have a long term POV.

It’s clear that Walrus and the Mysten Labs team are one of the best operating teams in crypto.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This post is sponsored by Walrus Protocol.

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