#walrus $WAL is a decentralized data storage protocol built on the Sui blockchain, designed to efficiently handle large files (blobs) such as videos, AI, and blockchain data, offering a secure and scalable solution compared to traditional storage, enabling verifiable data markets and monetization through its WAL token. It works by fragmenting, encrypting, and distributing files across a network of nodes, which reduces costs and improves trust and access control, being key for Web3, AI, and DeFi applications.