About Portfolio
Walrus Protocol (WAL) is the native token of Walrus, a decentralized, programmable data storage network built on Sui. It enables secure, efficient, and scalable blob storage—optimized for large files such as video, images, PDFs, and AI data—while providing data availability proofs and tokenized storage assets.
Governance & Token Utility
The WAL token is used for on-chain governance and staking, allowing holders to delegate tokens to storage nodes and vote on protocol parameters, penalties, and recovery rules. It also serves as a payment token for storage services, with built-in mechanisms to stabilize costs and reward node operators.
Key Milestones & Ecosystem Growth
Developed by Mysten Labs, Walrus launched its public mainnet in March 2025 following a $140 million private token sale led by Standard Crypto and a16z Crypto
Whitepaper and network architecture are based on cutting-edge research into efficient storage encoding and self-healing storage (RedStuff erasure coding, proof of availability)
Supports cross-chain integration, enabling storage services that can be used by applications on Sui, Ethereum, Solana, and other blockchains
Ecosystem tools include staking interfaces, developer SDKs, storage marketplaces, and support for AI, gaming, and media-rich apps
Network Architecture
Implements RedStuff—a two-dimensional erasure coding protocol combined with proofs of availability, offering high security with approximately 4.5× replication overhead
Delegated Proof-of-Stake ensures efficient node participation and data availability; misbehaving nodes are penalized and may be slashed or burned
Storage capacity is treated as a programmable, tokenized asset on Sui, with data retrieval accelerated via CDN and cache services
Designed to scale with node count, ensuring resilience and high throughput via dynamic committee and epoch transitions
Disclosure Statement
The investments or portfolio companies mentioned, referred to, or described on this page are not representative of all investments made by Tecra Venture Capital. There can be no assurance that any investment will be profitable, or that other investments made in the future will have similar characteristics or outcomes.
This list reflects both current and historical investments and excludes holdings that have not been publicly disclosed by Tecra, including positions in publicly traded digital assets — whether acquired during early fundraising rounds or later on secondary markets after public listing.
It also does not include portfolio companies that (i) have ceased operations without a liquidity event or exit, and (ii) whose equity has been written down to zero without the receipt of any compensating asset. The list is updated periodically and may not reflect Tecra’s most recent investment activity.
Past performance of Tecra Venture Capital’s investments, investment vehicles, or strategies is not necessarily indicative of future results.