#walrus $WAL @Walrus 🦭/acc
Walrus Protocol is a decentralized data storage and availability network built on the Sui blockchain, designed to store large files like media, datasets, and programmable data more efficiently, securely, and cheaply than traditional cloud or other decentralized options. It uses a delegated proof-of-stake model with its native token WAL for payments, staking, and governance. Walrus aims to support Web3 apps, NFTs, AI data, and decentralized websites by providing scalable storage integrated directly with smart contracts. The protocol has raised significant funding and partners with projects to expand decentralized infrastructure and identity solutions onchain.