- Sui collaborated with Korea Blockchain Week to drive Web3 excellence.
- KBW also welcomed other major corporations as sponsors for the upcoming event.
- Sui recently released its underlying protocol to facilitate seamless asset transfers.
Sui, a layer 1 blockchain and smart contract platform developed by Mysten Labs, has achieved notable results this year with new milestones and progressive product launches. Continuing this trend, Sui has partnered with the renowned Web3 conference to advance the positive trajectory of the ecosystem.
Sui and KBW join forces
In a press release on Tuesday, June 18, 2024, Korea Blockchain Week announced Sui as the official conference partner for the upcoming Web3 gathering. It aims to advance blockchain technology in Asia and globally.
A diverse range of industry leaders and innovators will attend the conference, which will be held from September 1st to 7th. Explores the convergence of Web2 and Web3 technologies, the regulatory environment, and institutional adoption strategies.
Commenting on the collaboration, Mysten Labs CEO Evan Cheng stated, "We are thrilled to be named the Official Conference Partner for Korea Blockchain Week 2024. This partnership underscores Sui's deep-rooted commitment to fostering dialogue and innovation within the blockchain ecosystem."
In partnership with the upcoming conference, SUI has been joined by other notable companies and title sponsors of the event, including Tron and Aptos Foundation. Additionally, Ripple, Orbs, and Flare Network will participate in Korea Blockchain Week as gold sponsors. The event will feature speakers from industry figures including Binance CEO Richard Teng and Ripple CEO Brad Garlinghouse.
Sui’s teaming up with Korea Blockchain Week follows the recent launch of its latest innovations.
Sui Bridge is now live on testnet
On June 11, 2024, Sui unveiled SuiBridge, a bridge purpose-built to connect assets and data within the Sui ecosystem.
The newly launched native bridge leverages the strong security and high-speed features inherent in Layer-1 chains to support the seamless transfer of major assets including ETH, wBTC, USDC, and USDT.
Sui Bridge provides users with a reliable path to the Sui network, improving interoperability between Sui and Ethereum through fast transaction speeds, low transaction costs, and decentralized architecture.
To support ongoing testing of the bridge, Sui invited the community to actively participate in the underlying protocol on the testnet. Participants can earn rewards through incentive programs and have the opportunity to win up to 100,000 SUI.
On the flip side
- As of press time, SUI, the basic token of the Sui ecosystem, is deal with $0.783, down about 12.4% in the last 24 hours.
- In February 2024, SUI Foundation announced a partnership with the American University of Sharjah (AUS) in the UAE to establish the AUS-Sui Blockchain Academy.
- Last May, Sui faced allegations of non-transparency regarding its token supply. However, blockchain is rapidly The claim was dismissed. Like it’s false and baseless.
Why This Matters
Sui’s collaboration with the upcoming Korea Blockchain Week conference highlights Sui’s commitment to contributing to the development of the Web3 ecosystem. Additionally, the protocol’s launch of Sui Bridge marks another step toward building a scalable, secure, and interconnected blockchain infrastructure.
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