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2025-03-21
16:11
Walrus Protocol Raises $140M Led by a16z and Standard Crypto

According to Michaël van de Poppe, Walrus Protocol, developed by the founders of $SUI, has announced a successful funding round of $140M led by a16z and Standard Crypto. This funding aims to support the development of Walrus as a secured decentralized storage solution, which promises to be a new decentralized secure blob store. The substantial backing by prominent investors like a16z indicates strong market confidence, potentially impacting trading strategies for those invested in $SUI and related projects.

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