next-generation decentralized storage network designed for unstructured data and rich media content.
What’s the pitch?
Lit's Story
Lit is a decentralized key management and compute network that leverages cutting-edge cryptography, sealed confidential hardware, and peer-to-peer networking to securely generate and manage keys and execute private and immutable programs.
Lit is a decentralized key management and compute network that leverages cutting-edge cryptography, sealed confidential hardware, and peer-to-peer networking to securely generate and manage keys and execute private and immutable programs.
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Lit is a decentralized key management and compute network that leverages cutting-edge cryptography, sealed confidential hardware, and peer-to-peer networking to securely generate and manage keys and execute private and immutable programs.
Distributed Trust
Harnessing multi-party computation (MPC) and threshold signature schemes (TSS), Lit distributes encrypted key shares across the Lit network. Neither you nor your users need to store any private key material. Keys never exist in their entirety.
Embedded Security
Lit leverages sealed trusted execution environments (TEEs) to ensure that node operators never have access to key shares or data processed within each node. Your keys and data remain private and untouched.
Native Interoperability
The keys managed on Lit can read and write data across blockchains, storage networks, and state machines—bridging previously disconnected ecosystems. Build experiences that span the entire internet.
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Beluga’s Take
Often the biggest question when evaluating a new protocol is the quality of the team and backers, and in this case it doesn't get much better: with Mysten Labs itself behind the development of Walrus, they have access to everything they might need. Additionally, creating Walrus to leverage their own existing technology stack is smart; we've entered an age where developers are drawn to quick vaporware things like memecoins, so one way to guarantee your chain is used to the fullest extent is incubate projects yourself.
While we haven't seen Walrus operate on mainnet yet, they've already proven demand for their product with a slew of partners planning to migrate their data to the protocol, such as Tusky (formerly using Arweave) and Decrypt Media.
Blockchain Data Storage isn't necessarily a novel concept, however the same leaders have taken the lion's share of the market for years now. If Walrus can continue to onboard projects, companies and every day users we could see them seize a significant piece of the market. Mainnet is currently scheduled for March 2025 with a native token expected around then as well, so keep an eye on their development as we approach the launch.
Lit is changing the blockchain data storage game.
Read more about how Mysten Labs plans to leverage the high-performance Sui blockchain to create a better data storage product.
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May 2025
Estimated Token Release date
Lit Network mainnet token are expected to launch in May, but this may be subject to change.
Disclaimer: Beluga has a marketing partnership with Lit Protocol