#walrus $WAL Walrus (WAL) is the native utility and governance token for the Walrus protocol, a decentralized storage solution for NFTs, apps, and large files built on the Sui blockchain. It enables users to pay for storage, stake for network security, and participate in governance. The project is developed by Mysten Labs.

Key Details About Walrus (WAL):

Purpose: Provides decentralized, secure, and cost-efficient storage, aiming to replace traditional cloud services.

Blockchain: Operates on the Sui blockchain using a delegated proof-of-stake (dPoS) mechanism.

Token Utility: Used for paying storage fees, staking, and rewarding node operators.

Supply: Has a total supply of 5 billion tokens.

Core Team: Associated with Mysten Labs, creators of the Sui blockchain. @Walrus 🦭/acc