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 Media’s recent
announcement of its plans to integrate with Walrus, making the
publication the first media outlet to commit to storing media
articles and video content on Walrus.
"At Akord, our mission is to create a
platform that empowers individuals and businesses with meaningful
data ownership – the ability to secure data publicly and tokenize
it, or store it privately with end-to-end encryption, controlling
the keys and access," said Pascal Barry, CEO of Akord. "Migrating
to Walrus allows us to offer our existing customers a more
cost-effective, versatile and performant solution, as well as
giving us the opportunity to realize our mission at a much larger
scale.”
Powered by a system that divides large
data files into smaller fragments, referred to as ‘Red Stuff,’ Walrus distributes slivers of
data files across various storage nodes. This process ensures that
even if some pieces go missing, the whole of the data can still be
reconstructed. This approach reduces the need for data redundancy,
allowing the network to grow seamlessly while ensuring fast and
reliable access to data. Walrus introduces advanced storage
verification through proofs and attestations, incentivizing nodes
to store slivers of each file. Instead of verifying individual
files, Walrus assesses the entire storage node, significantly
lowering the cost of proving data storage.
Walrus, whose original contributor is
Mysten Labs, launched on Devnet in June 2024. Its whitepaper was available as of September 2024,
presented by Janet Wu, Head
of Product, Platform, at Mysten Labs, at Sui’s Singapore Builder
House Event. Walrus Mainnet is slated to launch in 2025.
About Mysten Labs
Mysten Labs is a team of leading
distributed systems, programming languages, and cryptography
experts whose founders were senior executives of Meta's Novi
Research and lead architects of the Diem blockchain and Move
programming language. The mission of Mysten Labs is to create
foundational infrastructure for web3. Learn more: https://mystenlabs.com.
About Walrus
Walrus is a next-generation
decentralized storage network for data and rich media content such
as large text files, videos, images, and audio. Leveraging
innovations in erasure coding, Walrus offers exceptional data
availability and robustness with minimal replication overhead for
cost efficiency. Powered by Sui as the coordination layer, Walrus
scales to hundreds or thousands of networked decentralized storage
nodes without compromising performance. Learn more: https://www.walrus.xyz/.
About Akord
The Akord platform is built on a
digital vault protocol that offers file management, end-to-end
encryption, file sharing, access control, minting and token gated
access. The platform consists of an app, API, SDK and CLI with a
strong focus on user and developer experience. Learn more: https://akord.com/
Contact
Lexi Wangler
Mysten
Labs
lexi.wangler@mystenlabs.com