The protocol #Walrus is being developed by the founding team of Mysten Labs, which includes distinguished former engineers and leaders from Meta, Apple, and Oracle. Their extensive experience in both academic research and real-world product development demonstrates a deep understanding of blockchain technology at the infrastructure level, as well as the ability to make it accessible to end users.
Funding was secured through a token sale at a price of $0.4 per token to well-known funds such as A16z and Franklin Templeton, allowing for a full diluted valuation (FDV) of the project at $2 billion. The project is developed and funded directly by the parent company Mysten Labs.
In the short term, it is strong, but in the long term, it may be less promising. In the first year, only 1% of the total supply (~$13 million) is unlocked monthly. Compared to the trading volume of $100 million over 24 hours, selling pressure is minimal, and there is no immediate pressure from investors. However, there may be risks associated with community training strategies and airdrops for other projects on $WAL.
Price potential $WAL : driven by key factors in 2025. The actual volume of circulating assets is lower than reported (supply shortage), initiated by the project in the short term. The expansion of the Walrus data storage platform with integration with other layer one blockchains, such as Solana and Ethereum. The boom in 3D games, AI, and payments in the Sui ecosystem -> direct use cases fueling the price growth of $WAL.
The Walrus Protocol is a decentralized data storage project designed for economical and high-performance storage of large binary files (blobs). It utilizes its proprietary Red Stuff encoding technology based on fountain codes, allowing for significantly lower storage costs compared to solutions like Filecoin.
Created on the Sui blockchain, the Walrus platform launched its mainnet on March 27, 2025, aiming to support Web3 web applications, such as NFTs, AI data, and SocialFi.
With over 20 years of experience in the software and infrastructure systems industry, with significant expertise in programming languages, compilers, and performance optimization.
He has held leadership positions in large corporations such as Apple and Facebook.
At Novi Financial (Meta), serving as the Director of Research and Development, he demonstrated the ability to combine academic research with practical application.
Creator of the Move programming language, specifically designed for blockchain application development. Originally conceived for Meta's Libra/Diem project, Move later became the core technology of the Sui blockchain.
The Walrus Protocol is developed by the founding team of Mysten Labs, which includes outstanding former engineers and executives from Meta, Apple, and Oracle. Their extensive experience in both academic research and real-world product development demonstrates a deep understanding of blockchain technology at the infrastructure level, as well as the ability to make it accessible to end users.
With the support of such a highly qualified team, the launch of @Walrus 🦭/acc Protocol positions it as a leader in the new era of decentralized big data within Web3, especially in sectors such as artificial intelligence and payments.
The Walrus Protocol offers a decentralized data storage model, where users pay for data storage using the token $WAL .
According to the technical description, the product employs Red Stuff encoding for data, ensuring low-cost storage and quick recovery in case of errors.
Users can choose a data retention period of up to two years, with the option to delete or retain data after this period, enhancing flexibility.
The cost of storing and writing data is determined in advance by voting nodes (66.67% of votes required based on stake weight), using a prepayment mechanism, with fund distribution occurring at the end of each epoch.
