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Home»ADOPTION NEWS»TikTok owner ByteDance’s technology arm is collaborating with Sui builder on web3 games, socialFi.
ADOPTION NEWS

TikTok owner ByteDance’s technology arm is collaborating with Sui builder on web3 games, socialFi.

By Crypto FlexsApril 18, 20242 Mins Read
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TikTok owner ByteDance’s technology arm is collaborating with Sui builder on web3 games, socialFi.
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Layer 1 • April 17, 2024 11:12 AM EDT

Posted 1 minute ago In ~

Updated: April 17, 2024, 11:35 AM EDT

BytePlus, the enterprise technology services subsidiary of TikTok owner ByteDance, is partnering with Mysten Labs to enhance web3 gaming and SocialFi offerings on Sui, Mysten’s blockchain network, the project foundation announced in a blog post Wednesday morning. BytePlus will work with Mysten Labs to provide a variety of services to Sui, including recommendation solutions and augmented reality products.

BytePlus offers several integrated products for builders, including AI recommendation algorithm solutions and BytePlus CDN, a network of servers and data centers for accelerated delivery. According to Mysten Labs, these products will enable creators to pursue web3 video game collaborations with major game development companies.

BytePlus will also lend data warehousing and AI-based algorithmic tools to layer-1 blockchain builders to enhance analytics capabilities and enable infinite scalability, Mysten Labs said in a statement Wednesday.

“Cutting-edge AI recommendations and visual algorithms Sui This represents a leap forward for improving user experience within the Web3 gaming platform and socialFi project,” Mysten Labs CEO Evan Cheng said in a statement.

Byte Plus and Mysten Labs are also collaborating to launch programs to build Sui’s community, such as international hackathons and training series.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Elizabeth Napolitano is a data reporter covering business and technology news with a focus on cryptocurrency. Before she joined The Block, Elizabeth reported on BigTech, AI, crypto, and video games for CBS Moneywatch. As a CoinDesk reporter, she covered DeFi, NFTs, and US courts. She received a master’s degree in journalism from CUNY. X: Follow her at @LizKNapolitano.

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