Sui Foundation

Web3 platform for creating digital assets

San Francisco, California, United States

About Sui Foundation

Sui is a web3 development platform that focuses on the creation and management of digital assets. It allows users to create on-chain assets that function similarly to in-game items, providing a secure and user-friendly environment for developing smart contracts. Sui's unique object-centric data model enables these digital assets and their attributes to exist on-chain independently of smart contracts. This design, combined with horizontal scaling and parallel processing, helps maintain low and stable fees, even during high demand periods. Additionally, Sui offers strong security measures to ensure that only asset owners can use their assets, regardless of the transaction type. The platform is already being utilized by various projects, and Sui encourages developers to participate in their Global Builder House Tour to learn more about the projects being built on their platform.

San Francisco, CaliforniaHeadquarters
2022Year Founded
$8.4MTotal Funding
EARLY_VCCompany Stage
Data & Analytics, Crypto & Web3Industries
51-200Employees

Benefits

Remote Work Options
Flexible Work Hours
Professional Development Budget

Risks

Rapid DeFi expansion may lead to increased regulatory scrutiny on Sui.
SuiPlay0X1 console faces competition from established gaming platforms.
Cross-chain vulnerabilities could arise from Phantom Wallet's multichain integration.

Differentiation

Sui's object-centric data model allows assets to exist outside smart contracts.
Horizontal scaling and parallel processing keep Sui's transaction fees low and stable.
Sui offers high security guarantees, ensuring assets are only used by their owners.

Upsides

Sui's DeFi ecosystem surpassed $2B in TVL, indicating strong institutional adoption.
Partnership with Phantom Wallet enhances user accessibility and multichain capabilities.
Sui's integration with FDUSD stablecoin strengthens its position in the DeFi market.

Funding

Total raised$8.37 M
Latest valuation$43.00 M
StageEARLY_VC
EARLY VC
9/30/2024
$9
$43.00 M