Walrus Mainnet Launch Set for March 27, 2025, to Revolutionize Decentralized Storage Movement Network Announces $38 Million Token Buyback to Stabilize Market

Walrus, a decentralized storage protocol developed by Mysten Labs, is scheduled to launch its mainnet on March 27, 2025. This protocol aims to offer a secure, efficient, and decentralized alternative to traditional storage solutions such as AWS or IPFS. Walrus is designed to enhance speed and reliability while maintaining low storage costs, positioning itself as a significant innovation in the decentralized storage sector. The protocol has been in the testnet phase, engaging users through its Discord community for updates and interaction.

The mainnet launch of Walrus is expected to have a transformative impact on decentralized gaming and applications. By providing a decentralized storage solution, Walrus could reduce the dependency on centralized servers, thereby improving the security and efficiency of data storage for various applications, including gaming. This development aligns with a broader industry trend where decentralized solutions are being explored to overcome the limitations of traditional systems.

In a related development, Movement Network has announced a $38 million token buyback program. The funds are intended to be used prudently to avoid causing significant market fluctuations. This initiative is supported by a major cryptocurrency exchange, which has committed to assisting in the process to restore investor confidence. The buyback program is a strategic move aimed at stabilizing the market and ensuring the long-term sustainability of the token.