Mysten Labs, the company behind the development of Sui, a proof-of-stake blockchain project, has announced it is working on developing Suiplay0x1, a Web3-enabled gaming handheld. The organization did not reveal hardware specs but did state that the device would be able to run several app stores at once thanks to Playtron’s Playtronos, a device-agnostic gaming […]
Category: Mysten Labs
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Sui Foundation denies it sold locked staking rewards on Binance
Sui was accused of dumping locked and non-circulating staked SUI tokens on Binance.
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VC Darling Crypto Sui Makes Waves With Market Debut, Price Sinks 37% From All-Time High
A buzz has been generated around a new layer one (L1) proof-of-stake blockchain initiative named Sui, following the network’s mainnet debut on May 3, 2023. The native token SUI has been listed on various cryptocurrency exchanges, drawing attention to the project. On the same day the network launched, SUI peaked at $2.16 per unit, but […]
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Sui Developer Mysten Labs Raises $300 Million to Address Web3 Scalability
Mysten Labs, developer of a new blockchain project called Sui, raised $300 million in its latest funding round. The round, which was led by FTX ventures, also had the support of A16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, among others. The funds will be directed to continue growing Sui’s infrastructure […]
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Former Facebook engineers at Mysten Labs raise $36M for Web3 infrastructure
“We believe fundamental limitations in existing crypto infrastructure are frustrating broader adoption of web3,” said Mysten’s team, citing the scalability of existing chains as well as the lack of interoperability of many smart contracts.
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Sommelier partners with Mysten Labs to launch Cosmos smart contracts
Mysten Labs’ engineers formerly created the blockchain network on Facebook’s Diem and Novi crypto projects.
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