Tag Archives: Sui

Sui collaborates with Google Cloud to drive Web3 advancement through improved security, scalability, and AI features

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Chainwire, Palo Alto, CA, April 30, 2024

The collaboration is focused on addressing key Web3 challenges through data-driven insights, AI-powered development tools, and zero-knowledge proofs.

SuiThe layer-1 blockchain and smart contract platform created and launched by the core research team responsible for building Facebook’s Libra and Diem projects is working with Google Cloud to support the future of Web3 through a partnership with Mysten Labs. I am. This joint effort will focus on enhancing security, scalability, developer tools, and user experience across a variety of Web3 and AI-powered applications.

Key initiatives of this partnership include:

  • Data-driven dApps
  • By integrating Sui’s blockchain data into the BigQuery public dataset, Google Cloud strengthens its commitment to the Sui development ecosystem, providing developers with powerful analytical tools, new insights and innovative dApps. unlocked the potential of
  • Development using AI
  • Sui used Vertex AI, Google Cloud’s generative AI platform, and trained it in the Move programming language to help Web3 developers debug and extend code generation.
  • Mysten Labs uses Google Cloud’s AI and cloud capabilities to create a new AI-based code audit tool. This tool identifies security vulnerabilities in Rust, Move, Typescript, and Solidity, enhancing security efforts to quickly identify and remediate vulnerable code.
  • Seamless user experience
  • Sui’s zkLogin technology is already demonstrating the potential of this collaboration, as it bridges some of the gap between traditional (Web2) and decentralized (Web3) applications. zkLogin is a basic cryptographic primitive that uses OAuth credentials from Google and other trusted Web2 platforms to enable frictionless authentication of crypto wallets and dApps on Sui.
  • Robust and scalable infrastructure
  • Sui leveraged Google Cloud’s globally scalable infrastructure to enhance network security and high transaction throughput. This integration ensures high performance and seamless scalability.

said Evan Cheng, CEO and co-founder of Mysten Labs. “Working with Google Cloud allows us to accelerate the development of secure, scalable, and user-centric Web3 experiences.” “Google Cloud’s infrastructure and cutting-edge AI capabilities complement Sui’s unique technological strengths. We enable developers of all types to create next-generation decentralized applications on Sui.”

Amit Zaveri, Vice President, General Manager, and Head of Platforms, Google Cloud. “Sui’s advanced blockchain technology and commitment to a user-friendly experience make Sui a valuable collaborator for Web3 and Web2 developers to deliver innovative applications that are easy to adopt. Masu.”

Google Cloud is also committed to supporting the Sui developer community. Web3 startup program. The initiative will provide resources such as Google Cloud credits, access to his Discord channel with Web3 experts, foundation grants, and global events, all of which will accelerate the development of innovative applications at Sui. It is designed to.

About Sui

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. An object-centric model based on the Move programming language enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications at low cost and unmatched speed. Sui is a step-function advancement in blockchain and a platform that allows creators and developers to build amazing user-friendly experiences. learn more: https://sui.io

About Misten Lab

Mysten Labs is a team of leading experts in distributed systems, programming languages, and cryptography, and its founders were senior executives and lead architects of pioneering blockchain projects. Mysten Labs’ mission is to create the foundational infrastructure for Web3. learn more: https://mystenlabs.com

About Google Cloud

Google Cloud is a new way to the cloud, offering AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud provides a powerful, fully integrated, and optimized AI stack with unique global infrastructure, custom-built chips, generative AI models and development platforms, and AI-powered applications to transform your organization. We support. Customers in more than 200 countries and territories rely on Google Cloud as their trusted technology partner.

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global communication manager
Lexi Wangler
Misten Institute
lexi.wangler@mystenlabs.com

Source: www.the-blockchain.com

Sui Ecosystem’s 1st Global Conference, Sui Basecamp, Showcases Games, Stablecoins, and Product Innovation

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Paris, France, April 10, 2024, Chainwire

Sui Basecamp, the first global conference of the Sui ecosystem, opened today in Paris, welcoming developers and entrepreneurs from around the world to celebrate Paris Blockchain Week. Sui Basecamp, his two-day event held at two venues, will feature his Web2 and Web3 speakers spanning industry verticals from payments to gaming to e-commerce to Major League Sports. Celebrating and exploring the latest developments in Web3, this event takes attendees to presentations on cryptography from the world's leading technologists, fireside chats on improving market liquidity, and panel discussions on real-world technology use cases. You will be invited.

Key announcements from the conference include:

  • Introducing SuiPlay0x1 – A lightweight handheld gaming device designed in collaboration with Playtron. SuiPlay0x1 runs Playtron's device-independent gaming operating system, building compatibility with a variety of hardware configurations, gaming storefronts, and direct download gaming partners. SuiPlay is the first handheld gaming device with native Web3 functionality and is expected to be available in stores worldwide in 2025.
  • first digital lab launches FDUSD, the fastest growing stablecoin in cryptocurrencies, on Sui, becoming the ecosystem's first native stablecoin. Initially deployed on Ethereum and BNB, there are plans to expand to other blockchains, and Sui will be the first blockchain that FDUSD has expanded to since its creation. FDUSD was established in August 2023 and already has a market capitalization of over $3.5 billion. Last week, FDUSD's trading volume was his fifth highest in the entire industry, with daily trading volume exceeding his $8 billion.
  • Enoki – Mysten Labs, an original Sui contributor, announced the launch of the Enoki platform, the gateway to next-generation customer experiences. Within the Enoki portal, businesses can access, leverage, and embed public ledger solutions within their applications, products, and services thanks to his SDK that leverages Sui's native functionality, zkLogin. The following partners will be integrating Enoki at launch:
  • blue fina perpetual DEX with super-fast payments and a seamless trading experience.
  • dry lifeis a blockchain-powered decentralized ride-hailing platform that aims to empower both drivers and commuters.
  • quantum templea digital platform for immersive cultural travel.

This is a two-day event starting on Wednesday, April 10th at 9:30am local time and ending on Thursday, April 11th at 4:15pm Central European Time. On Wednesday nights, registered guests are invited to a Sui Soiree. Enjoy a night of cocktails, snacks and dancing, along with performances by Boyz, a German electronic music record producer, songwriter and DJ, His Noise. Learn more about. sui.io/Basecamp.

About Sui—Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. An object-centric model based on the Move programming language enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications at low cost and unmatched speed. Sui is a step-function advancement in blockchain and a platform that allows creators and developers to build amazing user-friendly experiences. learn more: https://sui.io

About Mysten Labs—Mysten Labs is a team of leading experts in distributed systems, programming languages, and cryptography, and its founders were senior executives and lead architects of pioneering blockchain projects. Mysten Labs' mission is to create the foundational infrastructure for Web3. learn more: https://mystenlabs.com

About First Digital Labs—First Digital Labs is a brand name of FD121 Limited, a Hong Kong registered subsidiary of First Digital Group. First Digital Labs focuses on cutting-edge research and development dedicated to the innovation and advancement of digital assets. First Digital Labs is the issuer of his FDUSD stablecoin. For more information about First Digital Lab, please visit: https://firstdigitallabs.com/.

About Playtron—Playtron builds a lightweight gaming OS optimized for a new generation of powerful handheld gaming PCs and beyond. Play all your games from any store, including Steam, Epic, and GOG. Playtron's founders oversaw an operational systems team of several hundred people to break the existing mobile monopoly while developing Android for a billion users. Playtron is backed by Samsung Next, Polychain, Circle, Mysten Labs, Alumni Ventures, and others. Playtron-powered devices will ship worldwide later this year, ready to join his next 100 million core and casual gamers.

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Sui Foundation
media@sui.io

Source: www.the-blockchain.com

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

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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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Sui Foundation
media@sui.io

Source: www.the-blockchain.com

New Sponsor Boosts Sui Overflow Hackathon Funding Pool to $1 Million: Blockchain News, Opinion, TV, Jobs

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Grand Cayman, Cayman Islands, April 22, 2024, Chainwire

Alibaba Cloud, AngelHack and dWallet are among the latest supporters of the global event.

Sui Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling funds Sui Overflow, the first-ever global virtual hackathon focused on creating exciting products on Sui. Our offering has doubled in recent weeks thanks to donations from our loyal supporters.

Originally set at $500,000, Sui Overflow’s funding pool grew to $1,000,000 after a surge of support from outside backers. With the help of a huge reward pool, builders from all over the world come together to build projects on the Sui network and demo them in front of judges. Categories eligible for prizes include Consumer & Mobile, Infrastructure & Tools, Gaming, DeFi, and more. Developers are also encouraged to take advantage of specific technologies in the Sui ecosystem, such as zkLogin, advanced movement capabilities, randomness, and multi-chain capabilities.

Sam Blackshear, co-founder/CTO of Mysten Labs and creator of the Move smart contract language said: , Kiosks, DeepBook, and native randomness. Some of Sui’s top projects have come from previous local hackathons, so we’re really looking forward to seeing what our first global hackathon will produce.

Previous Sui-sponsored hackathons have been fertile ground for projects that started as hackathon participants to grow into sustainable businesses on the network. Scallop was launched in June 2023 at Sui’s Soul Builder House with a small team of developers who won the first place in the event. Currently, Scallop has over $117 million in its TVL and is one of the better DeFi protocols in Sui. Navi Protocol is also one of Sui’s “Hackathon Heroes”. A month after Scallop, the Navi team emerged and won the gold medal in the DeFi and Payments category of the Sui X KuCoin hackathon. Navi currently has over $130 million in TVL and is another major DeFi protocol in Sui.

In addition to the support of title sponsor dWallet Labs, the hackathon is sponsored by Elixir Capital, Alibaba Cloud, Comma3 Ventures, MoveBit, Scallop, GSR, Supra, Wormhole, AngelHack, Pyth, Ryze Labs, and ZettaBlock. The prizes awarded in each category at the Sui hackathon are as follows: First place will receive $30,000, second place will receive $15,000, and second place will receive $7,500. Ten $2,500 University Prizes and ten $2,500 Community Favorite Prizes will also be awarded during the hackathon. Additionally, contestants are not limited to a single category. Individual teams can participate in multiple tracks simultaneously, with prize pools exceeding $100,000. Additionally, many projects in the Sui ecosystem offer unique incentives, adding even more ways for great projects and great teams to benefit.

With funding doubling to $1 million, Sui Overflow participants will receive Sui Foundation acceleration grants after the hackathon, along with benefits such as audits and credits to support the successful launch of their projects. be eligible to receive it.

“Homegrown projects born out of developer meetups and hackathons like Sui Overflow are a critical part of the lifeblood that will sustain the Sui ecosystem into the future,” said Greg Siurounis, Managing Director of the Sui Foundation. “Overflow’s impact has been greatly strengthened by the overwhelming support from the Sui community, which has allowed us to expand our reward potential beyond our planned trajectory and provide prudent funding, audit credits, and, we were able to benefit the most promising projects with selected acceleration grants.”

“Sui Overflow is more than just an event. It is the launching pad for our brightest future blockchain innovators,” said Omer Sadika, co-founder of dWallet Network. “We are very proud to work with all the partners involved and look forward to seeing the results from this hackathon.”

Users can apply and developers can register Sui overflow portal Find all the more detailed information. We encourage everyone to join for regular updates. Discord server overflow.

Registration period: April 21st to May 31st

virtual demo day: June 15th.

Announcement of winners: Late June 2024

contact

Sui Foundation
media@sui.io

Source: www.the-blockchain.com

New Sponsor Boosts Sui Overflow Hackathon Funding Pool to $1 Million – Blockchain News, Opinion, TV, Jobs

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Grand Cayman, Cayman Islands, April 22, 2024, Chainwire

Alibaba Cloud, AngelHack and dWallet are among the latest supporters of the global event.

SuiLayer 1 blockchain that delivers industry-leading performance and infinite horizontal scaling funds Sui Overflow, the first-ever global virtual hackathon focused on creating exciting products on Sui Our offering has doubled in recent weeks thanks to donations from our loyal supporters.

Originally set at $500,000, Sui Overflow's funding pool grew to $1,000,000 after a surge of support from outside backers. With the help of a huge reward pool, builders from all over the world come together to build projects on the Sui network and demo them in front of judges. Categories eligible for prizes include Consumer & Mobile, Infrastructure & Tools, Gaming, DeFi, and more. Developers are also encouraged to take advantage of specific technologies in the Sui ecosystem, such as zkLogin, advanced movement capabilities, randomness, and multi-chain capabilities.

Sam Blackshear, co-founder/CTO of Mysten Labs and creator of the Move smart contract language said: , Kiosks, DeepBook, and Native Randomness. Some of Sui's top projects have come from previous local hackathons, so we're really looking forward to seeing what our first global hackathon will produce. ”

Previous Sui-sponsored hackathons have been fertile ground for projects that started as hackathon participants to grow into sustainable businesses on the network. Scallop was launched in June 2023 at Sui's Soul Builder House with a…sumers are not limited to a single category. Individual teams can participate in multiple tracks simultaneously, with prize pools exceeding $100,000. Additionally, many projects in the Sui ecosystem offer unique incentives, adding even more ways for great projects and great teams to benefit.

With funding doubling to $1 million, Sui Overflow participants will receive Sui Foundation acceleration grants after the hackathon, along with benefits such as audits and credits to support the successful launch of their projects. be eligible to receive it.

“Homegrown projects born out of developer meetups and hackathons like Sui Overflow are a critical part of the lifeblood that will sustain the Su…ns, we were able to benefit the most promising projects with selected acceleration grants.”

“Sui Overflow is more than just an event. It is the launching pad for our brightest future blockchain innovators,” said Omer Sadika, co-founder of dWallet Network. “We are excited and honored to work with all partners involved and look forward to the results from this hackathon.”

Users can apply and developers can register Sui overflow portal Find all the details. We encourage everyone to join for regular updates. Discord server overflow.

Registration period:April 21st to May 31st

virtual demo day: June 15th.

Announcement of winners: Late June 2024

contact

Sui Foundation
media@sui.io

Source: the-blockchain.com

Ondo Finance Introduces Real-World Assets and High-Yield Stablecoin USDY to Sui on Blockchain Platform

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Grand Cayman, Cayman Islands, February 7, 2024, Chainwire

Ondo’s upcoming integration of Sui will provide native access to new tokenized assets such as on-chain treasuries, securities, and stablecoins.

Sui, a Layer 1 blockchain that has seen explosive growth since its launch eight months ago, today announced that Ondo Finance is expanding into the Sui ecosystem. With this expansion, Sui Network’s first native dollar-denominated token (including stablecoins and interest-bearing stablecoin alternatives) will be available in the form of Ondo USD Yield or “USDY” (a U.S. Treasury-backed interest-bearing token issued by Ondo).

Ondo’s expansion to Sui further builds on Sui’s ferocious DeFi momentum and demonstrates the growth and demand for financial applications and native on-chain functionality. Sui’s DeFi volume has increased over 1200% since October, and Sui recently ranked in the top 10 of his DeFi ecosystem as measured by TVL.

Ondo Finance is the third largest platform bringing tokenized derivatives of real-world assets onto public blockchains, with $185 million in new TVL launches in the first week of late January There is over $1 billion in governance token transactions. In addition to stablecoins, Ondo’s flagship Treasury-backed tokens, tokenized securities, and real-world assets create countless new opportunities for Sui-based teams.

Ondo’s expansion into the Sui ecosystem also continues the trend of top projects actively choosing to integrate into Sui. For example, in December 2023, Solend, the leading Solana lending protocol, announced the launch of a Sui-native lending protocol, and decentralized derivatives exchange Bluefin similarly announced the launch of V1 Arbitrum to focus entirely on Sui. Implementation finished.

“People using our platform expect fast and efficient transactions, which should be essential for any blockchain project,” said Nathan Allman, Founder and CEO of Ondo. ”. “Sui’s growth and network performance clearly confirms that the network is a great fit for his Ondo ecosystem.”

Tokenized Treasury products represent tradable tokens backed by real-world assets, and their presence on Sui is an important step toward growing DeFi across the ecosystem and industry. It becomes.

“Ondo is an amazing addition to the Sui ecosystem, creating new opportunities for Sui builders and developers, and creating a stablecoin-like offering with native yield that provides essential new functionality to users of their applications. Provide assets.” Sui Foundation. “Sui’s DeFi volume is already growing at an incredible rate, and the addition of Ondo will make that trajectory even stronger. I'm looking forward to seeing how you use it.”

contact

Sui Foundation
media@sui.io

Source: the-blockchain.com