Walrus is spearheaded by Mysten Labs, founded by former Facebook Diem (Libra) engineers, including Evan Cheng and Adeniyi Abiodun.
The team's expertise in scalable blockchains is evident in Sui's design, and Walrus extends this to storage. Backed by $140 million from top VCs, the project benefits from institutional support and partnerships, such as with Pyth Network for pricing oracles.
Community governance is emphasized, with $WAL holders influencing protocol upgrades and node selections.