TradePort Leverages Walrus for Move Chain-based Data Storage in NFT Ecosystem

Transforming NFT Data Management

Palo Alto, CA, USA, January 28th, 2025, Chainwire – In a significant advancement, TradePort, the largest NFT marketplace on Sui, has announced the integration of Walrus, a revolutionary decentralized data storage application developed by Mysten Labs, to manage metadata for its Move-based ecosystem NFT projects.

Enhancing Multichain NFTs

By utilizing Walrus, TradePort is set to streamline NFT trading across various blockchain networks including Sui, Aptos, NEAR, Movement, and Stacks. The Walrus Protocol, which launched its public Testnet in October 2024, excels at storing unstructured data files, enabling efficient management of rich media content like audio files, videos, images, and PDFs.

The Game-Changing Advantages of Walrus

According to George Danezis, Chief Scientist and Co-Founder of Mysten Labs, while decentralized storage may be a familiar concept, its implementation on a smart contract platform like Sui brings forth programmability and logic, marking a transformative shift. This capability is paramount for developing dynamically responsive NFTs that deliver enhanced utility and engagement.

Future Prospects for TradePort and Walrus

Daniel Fritsche, Co-Founder of TradePort, emphasized that new object-based NFTs surpass those of the 2022 boom due to their intrinsic design. The integration of programmable storage sets TradePort apart, ensuring that the NFT metadata remains agile and responsive to evolving challenges.

As TradePort prepares to become one of the first partners to store data on the forthcoming Walrus Mainnet, the project is poised to significantly impact the NFT landscape.