DATA Rethinks Blockchain Strategy After $30 Million Sui Deal
The a16z-backed data network is reviewing its blockchain strategy following a $30 million deal involving the Sui network.
Data network DATA, backed by Andreessen Horowitz (a16z), is rethinking its broader blockchain strategy following a $30 million transaction involving the Sui network, according to CoinDesk.
Strategy Shift
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The strategic review comes in the wake of the substantial deal, signaling potential shifts in how the data project integrates and utilizes different layer-1 distributed ledger technologies for its infrastructure.
Key Facts
- DATA is backed by a16z.
- The company is rethinking its blockchain strategy following a recent transaction.
- The deal associated with the shift is valued at $30 million and involves the Sui network.
Source: coindesk.com
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