Walrus is the #1 Sui Ecosystem Gem – Early Crypto Opportunity

That doesn’t even account for Sui’s amazing performance of doubling in the last 3 months to become a Top 12 token.

What Is Walrus?

Walrus Protocol is a decentralized data protocol. For reasons, you will see in a second, many people believe it will unseat Filecoin as the leader in decentralized data storage. And Filecoin is already a $2 billion project.

Cloud storage and spending such as with Amazon Web Services, Google Cloud, or MSFT Azure has gotten crazy expensive. And the SaaS sector, which is one of the biggest in tech, is one of the biggest spenders. They spend up to 50% of their total cost of revenue on cloud services. Plus, the cloud is centralized, has single points of failure, and you have no idea what Amazon or Google is doing with the data they are storing for you.

Walrus has a better way. First, on blobs. Blobs are large pieces of unstructured data. That can mean huge multimedia images, large backup files, or even data logs that software developers need to see where errors and bugs might be.

Filecoin and others have a tough time storing blobs. Even NFT metadata, which is Filecoin’s expertise, is stored easier on Walrus.

With decentralized storage, you truly own your data. It’s one of the big selling points of Web3 in the first place. And Walrus is more resilient than both centralized or other decentralized data providers. If any nodes go down, your data is still accessible to you. That’s not so true if AWS has an outage. That’s a big edge to Walrus.

The Walrus system is more efficient too. That’s thanks to Sui and the Move programming language. By storing the info as objects, blobs and other data are easier to manage and scalable.

AI LLM Storage & Chain Agnostic

Storing big files is one of Walrus’ huge advantages. A great use case for this is AI LLMs. That stands for Large Language Models like OpenAI’s o1 model. These models are big files, as you might expect.

And Walrus can store them for a provider like OpenAI to create decentralized access to the models. This makes Walrus a part of decentralized AI infrastructure. And that’s something we need desperately. Otherwise, we risk giving all our data away for free again, like we did with social media platforms.

We haven’t seen any other Web3 storage provider be able to provide this like Walrus can. Walrus is also chain agnostic. Any chain, any app.

These 2 factors alone put Walrus miles ahead of the competition. And we will admit we like this sector generally and Arweave in particular. We think it’s an excellent project. But it does not do these things that Walrus can do.

One of Walrus’ recent partnerships is with Tusky who made this migration from Arweave to Walrus for these exact reasons.Tusky is looking to become the Dropbox of Web3. Their CEO Pascal Barry said Walrus is “a more cost-effective and versatile solution.” And that’s without sacrificing security or scalability.

The $WAL Token

During testnet, you only got the testnet versions of the $WAL token to play around with.

The Walrus mainnet and TGE are coming soon. Here’s what you can expect. Walrus will be using a Delegated Proof of Stake (dPOS) system to manage governance on the chain. You will be able to use the $WAL token for

• Staking
• Storage payments and pricing discounts
• And governance

Walrus nodes take advantage of sharding, which we know is a future goal of Ethereum. ETH wants it for better scalability, while Walrus already has it.

The $WAL token is coming soon, so you should definitely watch out for it. The $DEEP token from the same team and similar launch trajectory has done great, too. It’s done a 4x in the last 3 months.

Although there are 2 great competitors for data storage in Web3 with Filecoin and Arweave, Walrus does things neither of them can do. It will be a leader in decentralized storage soon. And we expect it will be a leading Sui ecosystem project soon.

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 accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of 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 article has been sponsored by Sui.

Copyright Altcoin Buzz Pte Ltd.