First Global Event Celebrates Sui with Over 1,000 Builders, Partners, Investors, and Enthusiasts

Grand Cayman, Cayman Islands, April 18, 2024, Chainwire

This annual event is the culmination of Sui's extraordinary debut

Last week, more than 1,000 projects, partners, investors and enthusiasts from 65 countries gathered in Paris for the celebration. Sui Proudly at Layer 1's 1st Global Sui Basecamp Conference.

At its first annual event held during Paris Blockchain Week, Sui was welcomed by developers and builders from around the world during the two-day event. Speakers at Sui She Basecamp spanned all aspects of the industry, from payments to gaming, e-commerce to Major League Sports, and provided commentary through keynotes, panel discussions, and fireside chats.

The event was punctuated by three important announcements. In partnership with Playtron, the Sui team announced: SuiPlay0x1 is the world's first lightweight handheld gaming device designed with native Web3 functionality, promising a new gaming experience. Additionally, First Digital Labs joins the announcement that FDUSD, the fastest growing stablecoin in cryptocurrencies, will become Sui's first native dollar-backed stablecoin, adding that it is already the fastest growing stablecoin in the industry. This will be a boon for the DeFi ecosystem. Finally, Sui announced Enoki, his Web3 utility suite that makes it very easy for businesses to leverage distributed solutions within their applications, products, and services.

Sui Basecamp participants from 65 countries had the opportunity to meet each other in person.

“In building Sui, we started with a blank canvas. We aimed to create a great platform for decentralized applications without the structural limitations found in other blockchains.” said Evan Cheng, co-founder and CEO of Mysten Labs, founder of Sui Network. . “Less than a year after we launched Sui's mainnet, the remarkable strength of Sui's performance has validated that approach, from near-unlimited horizontal scalability to industry-leading execution speed; Achieving the highest number of transactions in a single day of any blockchain to date, Sui's performance has been exceptional and the network has only scratched the surface.”

The industry veterans who founded Sai launched their mainnet nearly a year ago with high expectations, and the network has performed extremely well. Rather than replicating an existing network, the Sui team started from scratch to build an entirely new infrastructure layer that addresses the shortcomings of existing blockchains. They started by creating a new smart contract language, Move, and then created a new object-centric architecture that enables performance and functionality not available on existing blockchains. The result is the industry's only blockchain, a universal coordination layer for intelligent assets.

Sai is the industry leader in delivering ultra-fast transactions with recorded finality times of just 400ms. Similarly, Sui's scalability is also at the highest level, reaching 297,000 TPS in a controlled environment. However, the Sui team is constantly improving its technology. At the conference, members of the Sui team announced the next advancements in speed and scalability: Mysticeti, which significantly reduces the time to finalization of Sui, and Pilotfish, which enables nearly unlimited horizontal scaling for validators. .

And beyond its performance in test environments, Sui has broken records for transactions performed in a single day in just four months, higher than any existing blockchain while fees remain low and stable. Achieved. Remarkably, in almost his year on mainnet, Sui has not experienced a single minute of her downtime.

Gradually, after a series of community events around the world, Sui's early notable milestones, sustained ecosystem growth, and builders bypassed other blockchains to leverage the Sui network. A flurry of media articles highlighting the multiple stories of builders, developers, investors, and the broader community began to understand. The potential of Sui's groundbreaking blockchain technology. The crowd that gathered at Sui Basecamp 2024 represented the culmination of Sui's arrival.

“The overwhelming turnout and vibrant enthusiasm of our inaugural Sui Basecamp event reflects the Sui community, which is fascinated by Sui’s potential to improve people’s lives.” Sui Foundation Money said Greg Ciolounis, Managing Director. “Over the coming months, the Sui Foundation will benefit from the ecosystem of projects leveraging Sui and their applications to make Sui one of the most widely adopted blockchains to solve real-world challenges.” With state-of-the-art technology and web3's most dedicated and professional community behind it, Sui's progress to date will continue to grow this network. It gives you a glimpse of what you can accomplish.”

For more information about the event, please visit sui blog.

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