What is Sui?
Sui is a new Proof-of-Stake Layer 1 blockchain, created by the team at Mysten Labs. The team is ex-Meta employees who worked on the Diem and Libra projects — AKA Facebook’s failed attempts at blockchains. However, unlike Libra or Diem, Mysten’s Sui is already valued at $2 Billion.
Yes. Billion with a B. And you’re probably thinking why?
Sui improves on other Layer 1 blockchains you have come to know and love (or hate) like Ethereum, Solana, or even Cardano (Ewww ikr). But, let me explain this from our perspective.
Why did the mighty Sui Name Service Team pick Sui?
Well, we see Sui becoming the gaming blockchain because it provides the necessary infrastructure to make it happen!
BUT MOST IMPORTANTLY, it’s a clean slate with unlimited opportunity. There are no projects running 100% of the ecosystem. There’s no infrastructure yet. There are no standards. But, there’s technology available to onboard billions of users (for real).
And right now, the Sui Name Service can make Sui the Gaming Blockchain by creating the necessary identity infrastructure for games to onboard to. Think usernames (domains), profiles, or even messaging.
That’s the experience we’re building together. And did we mention, we’re VC-Free? Yea, 100% community baby — unlike anyone in crypto.
