The main goal of the Walrus Protocol is to address a key vulnerability in the Web3 architecture, namely the centralization of data storage. The majority of decentralized apps still depend on conventional cloud providers for storing metadata and big files. Walrus, which is based on the flexible Sui, uses erasure coding to provide decentralized blob storage, allowing data to be divided, shared, and retrieved safely across a decentralized network. This method promotes real-world applications like NFTs, gaming assets, AI data sets, and business data by increasing reliability and improving censorship resistance.
The $WAL token promotes governance and staking, which aligns incentives throughout the ecosystem and fosters the long-term viability of the network. Strong data layers will be necessary as Web3 adoption increases. Tracking $WAL in accordance with @Walrus 🦭/acc and monitoring #walrus will help you understand how decentralized data infrastructure for the future is being created behind the scenes.
