Sui – Web3 with the ease of Web2

Mysten Labs’ objective is to provide the basic architecture for Web3, creating tools for the future of Web3 to make it secure, dependable, and ready for widespread adoption. The Sui Blockchain was established to overcome common blockchain limitations and create a new blockchain with horizontal scalability. This unique approach aims to maintain low gas fees and high transaction processing capacity, offering improved security, scalability, and a user-friendly experience at a low cost. Mysten Labs, the creator of the Sui blockchain, closed a $300 million Series B funding round, with participation from Andreessen Horowitz, and Binance Labs.

The Sui Foundation is an independent organization with a mission to onboard the next billion users to web3 by advancing the global adoption of the Sui blockchain. The Sui Foundation exists in service of the Sui community and is committed to decentralization. The Sui Foundation marshals financial and personnel resources to fulfill its mission, including by educating, activating, funding, and promoting builders and creators working on Sui-based projects. It administers a few key programs including the Developer Grant Program, the Delegation Program, and the Ambassador Program.

Sui

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