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I recently got involved with the Walrus project, and it's really quite interesting. The main focus is on building efficient and privacy-preserving storage solutions on Sui, and their technical approach truly hits the market pain points.
From the underlying architecture, running on Sui gives it natural advantages—fast transactions and low costs. Plus, with the erasure coding storage mechanism, it not only reduces maintenance costs for developers but also ensures data security. This design approach is quite pragmatic.
The ecosystem is developing pretty well. Various tools and applications are continuously being added, expanding the range of user options. Whether you want a simple experience or deep participation, you can find suitable products within the ecosystem. The activity level is indeed promising.
They have put effort into security. The smart contracts have undergone audits, and privacy protection technologies are quite mature, allowing users to truly control their data. This is a plus for Web3 applications.
They also have ideas for governance design. Holders can participate in decision-making and earn rewards through staking. The incentive mechanism promotes a healthy ecosystem cycle—more contribution equals higher rewards. Logically, it makes sense.
The project team is quite professional, and their partners are reliable with clear strategies. With this combination, the future potential is significant. Decentralized storage is a fundamental need, and I believe they can carve out a space within the Sui ecosystem.