As a developer continuously focusing on Web3 storage, I have to say that Mysten Labs' decentralized storage protocol truly has some impressive capabilities. The old problems of traditional solutions—high costs and poor fault tolerance—are thoroughly addressed here.

The core innovation lies in the application of erasure coding technology. With only 4-5 times data replication factor, secure storage can be guaranteed, even if two-thirds of the nodes fail simultaneously, data can still be fully recovered. Compared to centralized cloud services like AWS, its risk resistance is significantly stronger; compared to other decentralized storage solutions, it has a more obvious cost advantage.

Looking at the design logic of the $WAL token, you can understand why this is the key highlight. Paying for storage and retrieval fees is fundamental, but what's even more clever is that it connects three key links: staking nodes or delegating can directly participate in network security and governance, while the slashing mechanism ensures the network's stable operation. Usage, security, and governance form a closed loop, making this economic model truly rare.

Application scenarios are already starting to land. Permanent storage of Decrypt media content, decentralized website hosting services, secure storage and access control for AI models—covering from content to computation, the scope is continuously expanding. The essence of Web3 is data sovereignty, and Walrus, with its programmable, low-cost, highly reliable storage infrastructure, is becoming a key part of the AI and Web3 ecosystem.

For ordinary developers, the onboarding process is surprisingly simple. No need for complex node deployment; just a few lines of code to call storage interfaces, making on-chain data for DApps much easier. Such user-friendliness is indeed rare among Web3 projects.