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public blockc
2026-10-22 08:23:13

DATA to wind down its own chain and move to Sui as public blockchain competition narrows

DATA, formerly known as Story Protocol, said it will gradually shut down its Layer 1 blockchain and migrate its business to Sui after receiving a $30 million investment from the Sui Foundation. The move adds to a growing list of crypto projects that have stepped back from running their own chains, including Helium, Celo, Lisk and Polygon, though each case has taken a different form. The shift comes as activity and capital continue to cluster around a small group of leading ecosystems. DeFiLlama data cited in the report shows that, as of Oct. 21, 2026, Solana led seven-day DEX spot volume at about $14.3 billion, followed by Ethereum at about $8 billion, BNB Chain at about $7 billion, and Base and Robinhood Chain at about $6.6 billion each. Ethereum also remained far ahead in total value locked at about $51.1 billion. Out of 588 public blockchains tracked by DeFiLlama, 343 had TVL below $1 million, or 58.33% of the total. The article argues that technical performance alone is no longer enough to sustain a new general-purpose chain, while opportunities may be shifting toward specific use cases such as stablecoin payments, RWA, on-chain derivatives and AI data verification.

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DATA to wind down its own chain and move to Sui as public blockchain competition narrows
DATA
2026-10-21 15:40:15

DATA launches Trace to track AI training data provenance as Kled adds 3 million to 4 million records a day

DATA, an AI data company backed by Andreessen Horowitz (a16z), has introduced Trace, a provenance product designed to address unclear sourcing and repeat sales in AI training data. The tool creates a receipt when users upload video or audio files through partner data marketplaces, logging details such as submission time, contributor consent terms, and later licensing or payment events. According to DATA CEO Muttoni, the company’s data contribution platform Kled is currently adding 3 million to 4 million records per day, including historical entries that have been brought into the Trace system. DATA said the strategy was shaped in part by lessons from Poseidon, an AI data company it incubated, where the team found that buyers often struggled to verify whether purchased datasets were original, properly licensed, or exclusive.

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DATA launches Trace to track AI training data provenance as Kled adds 3 million to 4 million records a day
DATA
2026-10-21 15:22:46

a16z-Backed DATA to Shut Down Its Own Chain and Move to Sui After $30 Million Investment

DATA, the blockchain startup formerly known as Story Protocol and backed by a16z crypto, is shutting down its own blockchain and migrating to Sui after securing a $30 million investment from the Sui Foundation. CEO Andrea Muttoni told CoinDesk the company’s earlier effort to bring a broad range of intellectual property onchain ran into entrenched licensing markets that were difficult to change, pushing the team to narrow its focus first through a June rebrand and then toward AI training data verification more specifically. At the center of that strategy is Trace, a registry that records where training data comes from, who contributed it, what terms were accepted, and how licensing history evolves over time. DATA said partner marketplace Kled is adding between 3 million and 4 million contributions a day, though the company did not disclose how many records have produced licensing revenue. By moving to Sui, DATA plans to stop bearing the cost of running its own layer-1 while gaining access to tools such as Walrus for decentralized storage and Seal for encrypted access control. The company also plans a one-to-one token migration to Sui, with holder rights and vesting schedules unchanged.

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a16z-Backed DATA to Shut Down Its Own Chain and Move to Sui After $30 Million Investment
Coinbase
2026-10-08 15:49:07

Coinbase Restores DATA Transfers and Trading After Token Migration

Coinbase said the token migration from Story (IP) to Data (DATA) has been completed, allowing the exchange to reopen DATA transfers and trading on its platform. According to the update posted by Coinbase Markets, users can now send, receive, and trade DATA again after the migration process finished. The announcement was limited to the operational update and did not include additional details on the migration timeline or any broader platform changes. The notice confirms that the service interruption tied to the migration has ended and that DATA-related functions are back online on Coinbase.

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Coinbase Restores DATA Transfers and Trading After Token Migration
France
2026-10-09 13:51:34

France logged 90 crypto-related violent crimes in the first eight months of 2026

French Interior Ministry data shows that from Jan. 1 to mid-August 2026, authorities recorded 90 cases tied to crypto assets, including kidnappings, unlawful confinement, extortion and violent theft. The pace works out to roughly one case every two and a half days. Separately, from January through July, 223 people were arrested and 126 were imprisoned in connection with those incidents. The figures do not allow a direct comparison with 2025 because France only began tracking these cases under this classification in 2026. Researchers at Chainalysis said part of the increase may be linked to personal data leaks, including exposed addresses, financial information and details about crypto holdings, which can make it easier for criminals to identify potential targets.

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France logged 90 crypto-related violent crimes in the first eight months of 2026