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Sui
Advancing the Sui blockchain ecosystem
- 21-100 employees
- B2B
- SaaS
- Blockchain
- Web 3.0
- SoMa, San Francisco, CA
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Company mission
To onboard the next billion users to Web 3.0 by advancing the global adoption of the Sui blockchain.
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Our take
Decentralized Finance (DeFi) still struggles with slow transaction speeds and limited scalability, hampering its ability to compete with traditional finance. Enter Sui, a Layer 1 blockchain designed from the ground up for DeFi. With its object-centric architecture, Sui boasts low latency and high transaction throughput - paving the way for fast, efficient financial applications.
The Sui Foundation's $51.3M ecosystem fund is a major vote of confidence for the Sui vision. These funds will support the development of DeFi applications on the platform. By nurturing a diverse and thriving DeFi ecosystem, Sui hopes to attract users and developers alike, ultimately establishing itself as a leading player in the future of decentralized finance.
The road ahead for Sui is exciting, but not without challenges. Attracting developers and users away from established DeFi platforms like Ethereum will require sustained innovation and commitment to growth. Nevertheless, Sui's unique technology and ambitious vision hold the potential to revolutionize the way we interact with financial products, making it a company worth watching closely.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 100% remote
- World-class team
- Tremendous growth potential
Funding (1 round)
Oct 2024
$8.6m
EARLY VC
Total funding: $8.6m
Leadership
Evan Cheng
(CEO)Co-founder and CEO at Mysten Labs. Former Head of Research and Development at Novi as well as the Technical Director of Meta. They also worked at Apple for over 10 years.
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