Palo Alto, United States, October 17th, 2024, Chainwire
Akord, a web3 platform for securing and managing data, also begins its migration to Walrus Protocol
Mysten Labs, the web3 infrastructure company, today announced that following a successful Devnet, Walrus Protocol, a decentralized storage network, has launched its public Testnet.
Walrus Protocol stores and delivers large data files, including rich media content, audio files, video, images, PDFs and more, from any web2 or web3-based source. These large files, known as blobs, are stored quickly and efficiently by Walrus, whose storage is resilient, scalable, programmable, and secure. Walrus’s public Testnet, and its Testnet token, WAL, are served by Sui as the coordination layer. Sui provides a dedicated management architecture for Walrus to store its global state and metadata offering speedy consensus, composability, and the opportunity to integrate storage into smart contracts on Sui. Walrus’s Testnet launch will include:
- API endpoints that support deletable blobs, meaning data can be deleted.
- Dedicated Walrus explorer, allowing users to search data quickly and comprehensively, built by Stakestab Inc, maker of Suiscan & Blockberry API Platform.
- Full tokenomics ecosystem for the Walrus token, WAL, including epoch management, staking and unstaking, and rewards, as well as the WAL token faucet for developers.
- WAL staking app, developed by Mysten Labs.
“As blockchain projects aim to become more decentralized, it has been apparent for quite some time that a decentralized storage network was needed for networks of all kinds, L1s and L2s, to support end-user applications with rich media and larger storage needs,” said George Danezis, Chief Scientist and Co-Founder at Mysten Labs. “Walrus Testnet going live is a pivotal moment in that journey. With Akord and Decrypt beginning the migration over to Walrus, we’ll begin to see that a decentralized storage network can be used to bring various applications to a mass audience.”
Coinciding with the launch of Walrus’s public Testnet, Akord, a secure storage and collaboration platform, providing user-friendly, cost-effective, and decentralized storage solutions for any digital asset, announces its migration from Arweave to Walrus. Akord is set to migrate to Walrus within the next week. The move comes on the heels of Decrypt…