Walrus is a decentralized storage protocol built on the Sui blockchain, designed to provide fast, affordable, and programmable data storage for Web3 and AI applications. Originally developed by Mysten Labs, Walrus enables applications to manage large data files (blobs) through Move-based smart contracts, supporting both on-chain and off-chain storage needs. The Walrus Foundation recently completed a $140 million funding round led by Standard Crypto, with participation from major investors including a16z crypto, Electric Capital, Franklin Templeton Digital Assets, Creditcoin, Lvna Capital, Protagonist, Karatage, RW3 Ventures, Comma3 Ventures, and The Raptor Group
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