DATA shuts its own blockchain and moves to Sui with $30 million foundation investment
DATA, the a16z crypto-backed startup formerly known as Story Protocol, is shutting down its own blockchain and moving to Sui after securing a $30 million investment from the network's foundation, CoinDesk reported. The company had raised $140 million and built its own chain before narrowing its focus to Trace, a registry for AI training data. CEO Andrea Muttoni told CoinDesk the team had been "spreading ourselves way too thin" across intellectual property types.
Only one publisher so far. Another independent outlet or an official source would raise it.
core coin SUI
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Three separate rule-based signals. None is the probability that the report is true. How they work →
Key facts
Attributed sources: CoinDesk
SUI after this site detected it
- 5 minutes+0.48%vs BTC +0.21 pp
- 1 hour+0.35%vs BTC -0.00 pp
- 24 hours—No valid sample
Claims and open questions
What sources claim
- CoinDesk reported that DATA secured a $30 million investment from the Sui network's foundation as it retires its own blockchain and moves to Sui.
- According to CoinDesk, DATA had raised $140 million and built its own blockchain before rebranding to DATA Foundation in June and focusing on AI training data.
- DATA Foundation CEO Andrea Muttoni told CoinDesk the company was "spreading ourselves way too thin across so many different types of IP" and questioned whether it still made sense to run its own layer-1 blockchain.
Still unresolved
- What share of the $30 million Sui foundation investment is in tokens versus other forms, and on what vesting or lock-up terms?
- Which parts of Trace will run natively on Sui, and what happens to existing users and assets on DATA's retired chain?
Model-assisted explanation; citations, numbers and output format are checked. This is not independent semantic verification.
Source evidence
www.coindesk.com
Published 21/10/2026, 15:22 · Received 21/10/2026, 15:29
Original source titles remain in their source language. Full articles are not republished.
Market reaction after detection
Returns start at the sample closest to site detection (within the same minute up to 10 minutes later), using the same data source and quote currency. Actual sample times are shown; missing observations remain blank.
| Window | Return | BTC | Difference from BTC (pp) | Actual sampled interval / source |
|---|---|---|---|---|
| 5 minutes | +0.48% | +0.26% | +0.21 pp | 21/10/2026, 15:29 → 21/10/2026, 15:34 (UTC) Gate · USDT |
| 1 hour | +0.35% | +0.35% | -0.00 pp | 21/10/2026, 15:29 → 21/10/2026, 16:29 (UTC) Gate · USDT |
| 24 hours | — | — | — | No valid same-source sample for this window |
Historical market context
Research: hourly returns and BTC beta →
Closed hourly candles from the 30 days before this event observation. Different venues are kept separate.
| Metric | Value |
|---|---|
| Hourly coverage | 100.0% (720/720) |
| Median absolute 1h return | 0.50% |
| 99th percentile of absolute 1h returns | 3.56% |
| Historical hourly BTC beta | 2.10 (719 matched returns) |
OKX · USDT · Context as of 21/10/2026, 15:29 · Last included candle closed 21/10/2026, 15:00
Hourly descriptive statistics, not minute-move probabilities. Backfilled history never moves the observation cutoff above.
Event timeline
Source publication, receipt and analysis times are separate. All times UTC.
Source published: CoinDesk
Source received: CoinDesk
Event first detected by this site
Evidence record updated
English explanation generated
Latest content update
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