For those who have been in the crypto space for a long time, sooner or later, they'll realize something quite ironic.

We've developed high-performance public chains—such as Solana and Sui—that leave Visa in the dust in transaction speed. Those valuable NFTs and cross-chain games are also available. On paper, the infrastructure of Web3 has become quite mature.

But here's the problem. Do you really know where the 3D models in those games, the original images of NFTs, and AI-generated data are stored?

Don't doubt it; most likely, they are still lying on servers like Amazon AWS or Google Cloud.

Imagine this scene: we meticulously build a completely decentralized skyscraper, only to find that the foundation is rented. Once the service provider pulls the plug, the Web3 assets you've painstakingly accumulated might just turn into a string of code. This is not alarmist talk; it is a real systemic risk that exists.

The emergence of the Walrus project is aimed at thoroughly solving this awkward "amnesia" problem.

The behind-the-scenes driver is Mysten Labs, a team with a significant background. They were the core team behind Meta's Libra/Diem stablecoin project—highly technical experts. These engineers have two main tools: one is the Sui public chain, and the other is the Walrus storage layer.

The story unfolds like this: during the development of Sui, the team encountered an insurmountable hurdle. Sui's positioning is high performance and high concurrency—to become a public chain capable of handling massive transactions. But this also exposed a fatal problem.