Walrus Foundation has successfully raised $140 million in a token sale led by Standard Crypto, with participation from notable investors including a16z crypto, Electric Capital, and Franklin Templeton Digital Assets. The funds will be utilized for the expansion and maintenance of its decentralized data storage protocol and application development platform. This announcement precedes the mainnet launch of the Walrus Protocol on March 27. Developed by Mysten Labs on the Sui blockchain, the protocol enables applications to manage large data files on-chain and off-chain. This investment aims to enhance the adoption of programmable storage solutions.