Mysten Labs Launches Walrus Decentralized Storage Platform on March 27
Walrus, a decentralized storage platform from Mysten Labs, is set to launch its mainnet on March 27. The platform aims to provide programmable file storage for the Sui blockchain and other chains like Solana and Ethereum.
Key details:
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<li Walrus has 833.33 TB total storage with 78,890 GB currently in use across over 4.5 million blobs.
<li It supports various file types, including videos, images, PDFs, and apps.
<li Flatlander is an early project utilizing Walrus for hosting NFTs.
<li The platform operates on a delegated proof of stake mechanism, with competitive pricing among storage nodes.
<li Walrus raised $140 million in funding led by Standard Crypto.
Mysten Labs emphasizes Walrus's potential advantages in speed, affordability, and robustness compared to competitors. The platform aims to enhance the integrity and availability of decentralized applications (dApps) by reducing reliance on traditional web hosting.
The effectiveness of storing entire game assets on-chain remains uncertain, but the integration of Walrus may benefit blockchain gaming and art sectors.