@Walrus 🦭/acc , cointag $WAL , and #Walrus Walrus Protocol is a decentralized storage solution built on the Sui blockchain, designed to efficiently store large files, such as images, videos, and datasets. It uses a hybrid architecture combining blockchain technology with peer-to-peer networking to deliver secure and scalable data storage. By representing data as composable, on-chain objects, Walrus transforms storage into programmable digital assets ¹ ².
*Key Features:*
- *Decentralized Storage*: Stores data across a network of nodes, ensuring reliability and fault tolerance.
- *Scalability*: Handles large amounts of data efficiently, making it suitable for Web3 applications.
- *Security*: Uses erasure coding and smart contracts to ensure data integrity and availability ³.
*Use Cases:*
- *NFTs*: Stores metadata, images, and digital assets related to NFTs.
- *Gaming*: Provides trustless storage for in-game assets and user-generated content.
- *Multimedia*: Offers cost-effective storage for streaming platforms and digital media archives.
*Tokenomics:*
- *WAL Token*: Used for payments, staking, and governance.
- Total Supply: 5 billion WAL tokens ⁴ ⁵.
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