Decentralized storage has always been the key to whether the Web3 ecosystem can truly explode. Traditional centralized storage poses privacy risks, while past decentralized solutions generally suffer from high costs and low efficiency, leading to unsatisfactory developer and user experiences.

Recently, a highly regarded project has begun to change this situation with its outstanding fundraising achievements. It is reported that the project has received a $2 billion valuation and $140 million in private funding, with top institutions such as a16z crypto and Standard Crypto among its investors. This capital endorsement indeed reflects the market’s recognition of its potential.

The core competitiveness of this project lies in technological innovation. As an important infrastructure in the Sui ecosystem, it has been dedicated to enabling users to truly control their data since its mainnet launch in March 2025. Technologically, the project has introduced Red Stuff, a 2D erasure coding scheme—an innovative solution. It can achieve high security guarantees with only a 4.5x replication factor while supporting lightweight self-healing mechanisms. This metric is a significant breakthrough in the decentralized storage field, directly reducing storage costs.

The related ecosystem tokens have sparked ongoing discussions in trading communities, with many investors and developers paying attention to how this emerging storage protocol will develop. From technological breakthroughs to economic model design, this project is gradually reshaping the entire decentralized storage landscape.