Degen

Walrus is a decentralized storage protocol developed by Mysten Labs, the team behind the Sui blockchain. Launched on Testnet in October 2024, Walrus offers secure, efficient, and cost-effective storage for large data such as videos and images. It utilizes advanced erasure coding to fragment data across the network, ensuring high availability with minimal replication—achieving efficiency up to 100 times greater than some existing solutions. Integrated with the Sui network, Walrus enables programmable data storage, allowing smart contracts to directly interact with stored data. This innovation positions Walrus as a potential alternative to existing decentralized storage solutions.  ￼