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DATA migrates blockchain strategy to Sui after $30M investment

1 reports1 sources10/21/2026 updated

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Blockchain project DATA, backed by a16z, is migrating its operations to the Sui network after receiving a $30 million investment from the Sui Foundation. The company will shut down its own Layer 1 blockchain and focus on AI training data tracking using Sui's Walrus and Seal tools, continuing to operate its Trace product to provide verifiable records of data sources and usage rights. CEO Andrea Muttoni noted the shift was due to the existence of mature existing systems and unwillingness from large rights holders to license their data.

Written with AI from the reporting · updated 10/21/2026

Latest developmentOct 21, 23:22
a16z-backed DATA shifts blockchain strategy to Sui to focus on AI training data
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  1. 1Unclassified fact stationOct 21, 00:00recorded Oct 22, 00:01single sourcerevised

    DATA重新思考区块链策略后迁移至Sui

    Read original source ↗ CoinDeskReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    DATA
    Action：
    将区块链迁移至Sui并关闭原有L1
    Object：
    其自身的区块链基础设施
    Occurred (fact side)：
    Oct 21, 00:00
    CoinDesk ↗Report pageRevision 2 · currently revised
    Published (valid side)：
    Oct 21, 23:22
    First seen (known side)：
    Oct 22, 00:01
    Fact stationSingle source · one-sided claimRevised

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

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Oct 21
  1. CoinDeskRelated fact: single sourceSource report revised
    a16z-backed DATA shifts blockchain strategy to Sui to focus on AI training data

    Report first recorded Oct 22, 00:01

    DATA, backed by a16z, is shutting down its proprietary blockchain and moving to Sui following a $30 million investment from the Sui Foundation. The company is narrowing its focus from broad intellectual property onchain to data verification tools, specifically its Trace registry, which tracks the origins, consent terms, and licensing history of AI training data. This pivot comes after DATA found that disrupting established IP licensing markets was more difficult than expected, as many industries already have systems in place and large rights holders were hesitant to allow permissionless licensing.

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