Dubai, UAE, April 9th, 2024, Chainwire

dWallet Network, a trailblazer in decentralized, native multi-chain technology, and Mysten Labs, a Web3 infrastructure company and the original contributor to Sui, announced their strategic partnership, focusing on the introduction of multi-chain interoperability into the DeFi ecosystem on Sui, the groundbreaking Layer 1 and smart contract platform. With the integration of the dWallet primitive, applications built on Sui can sign transactions on Bitcoin and Ethereum, opening up new cross-chain experiences on Sui. 

Sui is renowned for its secure, high-throughput, and low-latency blockchain capabilities, utilizing the Move smart contract language to offer developers a robust and secure platform for building sophisticated applications, all while maintaining extremely low and consistent gas fees. Through the partnership with dWallet Network, Sui is now poised to harness native, non-collusive, and decentralized dWallet technology, enabling seamless cross-chain interactions within its ecosystem. This collaboration is particularly significant for DeFi initiatives on Sui, providing them with the unprecedented ability to include native BTC and ETH transactions, a milestone in blockchain interoperability and functionality.

To implement the dWallet primitive, the dWallet Network utilizes 2PC-MPC, the state-of-the-art protocol invented by its team. This industry-first multiparty protocol enables the generation of an ECDSA signature in a non-collusive way, requiring participation from both the end-user and a significant number of nodes, the number of which could potentially reach hundreds or thousands.

Omer Sadika, Co-Founder of dWallet Network, expressed his excitement about the partnership, stating, “We are excited to partner with Mysten Labs and bring our decentralized, non-collusive dWallet building block to the Sui ecosystem. This partnership not only broadens the horizons for DeFi and gaming on Sui but also represents a significant leap towards realizing our vision of a seamless, multi-chain future.”

An exciting aspect of this partnership is the use of dWallets in conjunction with Sui’s zkLogin feature, offering a simplified Web2 user experience for managing assets across blockchains, including Bitcoin and Ethereum. This innovative approach leverages the ease of Web2 logins, like Google accounts, to interact with any asset on any blockchain, thereby reducing barriers to entry for users and enabling mass adoption of blockchain technology.

Furthermore, the collaboration extends beyond technical integration, with dWallet Network and the Sui Foundation co-hosting the Overflow hackathon. This event underscores the commitment of both projects to foster innovation, community engagement, and the development of cutting-edge applications within the Sui ecosystem.

“Interoperability is key to the growth of blockchain-powered applications. The introduction of dWallet’s innovative tooling will enable users in the Sui ecosystem to operate seamlessly across disparate protocols,” said Evan Cheng, CEO and co-founder of Mysten Labs, original contributor to Sui. “We’re thrilled to join dWallet in creating a multichain future.” 

The strategic alliance between Mysten Labs and dWallet Network marks a significant milestone, promising to bring unprecedented flexibility, security, and efficiency to multichain DeFi and gaming. As this partnership unfolds, it is set to catalyze innovation and accelerate adoption, opening new avenues for developers and providing users with richer, more diverse blockchain experiences.

For press inquiries, users can contact:

mystenlabspr@mgroupsc.com

siva@dwalletlabs.com

About Mysten Labs

Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3.

Users Can Learn more here.

About Sui

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.

Users Can Learn more here.

About dWallet Network

dWallet Network is the home of dWallets – programmable and transferable signing mechanisms that live on-chain. dWallet Network empowers builders on L1s and L2s to utilize dWallets as a building block for managing assets & enforcing logic across all of Web3 in a decentralized and noncollusive way.

Contact

Marketing Lead
Siva Sagiraju
dWallet Network
siva@dwalletlabs.com

Paris, France, April 10th, 2024, Chainwire

Sui Basecamp, the inaugural global conference for the Sui ecosystem opened its doors today in Paris, welcoming developers and entrepreneurs from around the world as they celebrate Paris Blockchain Week. A two-day event across two venues, Sui Basecamp features speakers across web2 and web3, spanning industry verticals from payments to gaming to ecommerce to major league sports. A celebration and exploration of the latest developments in web3, attendees are invited to presentations on cryptography from some of the world’s leading technologists, fireside chats on increasing market liquidity, and panels on real-world technological use cases. 

Highlight announcements from the conference included: 

• Introducing the SuiPlay0x1 – a lightweight handheld gaming device designed in collaboration with Playtron. SuiPlay0x1 runs Playtron’s device-agnostic gaming operating system, which is building up compatibility with various hardware configurations, gaming storefronts and direct-download game partners. The SuiPlay is the first handheld gaming device with native web3 capabilities, and will be available in stores worldwide in 2025. 
• First Digital Labs is launching FDUSD, the fastest-growing stablecoin in crypto, on Sui, becoming the ecosystem’s first native stablecoin. Originally deployed on Ethereum and BNB, with plans to expand to other blockchains, Sui becomes the first blockchain FDUSD has expanded to since its inception. FDUSD launched in August 2023 and has already amassed a market cap of over $3.5 billion. Over the last week, FDUSD has seen the fifth-highest trading volume across the entire industry, including over $8 billion of volume in a single day.
• Enoki – Mysten Labs, the original contributor to Sui, has announced the launch of the Enoki platform, the gateway to next-gen customer experiences. Inside the Enoki portal, enterprises can access, leverage and embed public ledger solutions inside their applications, products and services, thanks to SDKs powered by Sui’s native feature, zkLogin. Partners integrating Enoki at launch include:
• Bluefin, a perpetual DEX with blazing-fast settlement and a seamless trading experience.
• Drife, a decentralized ride-hailing platform powered by blockchain with the intent of empowering both, the drivers and commuters.
• Quantum Temple, the digital platform for immersive cultural travel.

The event is a two-day affair that began at 9:30 AM local time on Wednesday, April 10, and concludes at 4:15 PM CET on Thursday, April 11. On Wednesday night, registered guests are invited to attend the Sui Soiree, an evening of cocktails, refreshments and dancing with a performance by German electronic music record producer, songwriter and DJ, Boys Noize. For more information, please visit sui.io/basecamp. 

About Sui—Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.io 

About Mysten Labs—Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: https://mystenlabs.com 

About First Digital Labs—First Digital Labs is the brand name of FD121 Limited, a Hong Kong-registered subsidiary under the First Digital Group. First Digital Labs focuses on cutting-edge research and development, specializing in the innovation and advancement of digital assets. First Digital Labs is the issuer of the FDUSD stablecoin. To learn more about First Digital Lab, visit https://firstdigitallabs.com/.  

About Playtron—Playtron is building a lightweight gaming OS optimized for a new generation of powerful handheld gaming PCs and beyond. Play all your games from every store: Steam, Epic, GOG, and more. Playtron’s founders built Android to 1B users while simultaneously overseeing a multi-hundred person operational system team in an attempt to unseat the incumbent mobile duopoly. Playtron is backed by Samsung Next, Polychain, Circle, Mysten Labs, Alumni Ventures and more. Playtron-powered devices will start to ship world wide later this year ready to onboard the next 100 million core and casual gamers.

Contact

Sui Foundation
media@sui.io

Tel Aviv, Israel, April 10th, 2024, Chainwire

Web3 platform for startups, Permissionless Capital has invited web3 startups to apply for its Permissionless Opportunities Event. The program will provide eligible web3 startups with access to the resources they need to successfully build out their concept and bring their product to market.

Permissionless Opportunities provides outstanding web3 startups with the tools, funds, and connections to navigate the blockchain industry and launch their product. Applications for the Permissionless event can be made in just 90 seconds, with no fees or pitches required. Dozens of startups are expected to apply for the inaugural Permissionless Opportunities Event, with the best applicants subsequently being invited to take part in the program.

The largest event of its kind for web3 and blockchain startups, Permissionless Opportunities gamifies the fundraising process and empowers outstanding companies to fulfill their potential. The event has secured partnerships with the likes of Solana, Polygon, ImmutableX, Chainlink, Arweave and many others.

Permissionless Opportunities was designed in the manner of a gameshow, complete with an audience participation component. The winners of the contest will be determined equally by expert judges and community consensus.

Winners of Permissionless Opportunities Event will have the opportunity to pitch to more than 50 leading VCs and to partner with ecosystems that will help to advance their concept and provide mentoring and technical support. Other perks include 1:1 access to expert advisors, credits, discounts, and extensive coverage in media outlets to raise their profile.

The program is targeted at web3 startups in the Defi, infrastructure, security, Gaming and RWAs categories and encompasses both B2B and B2C applications. Applications can be registered with Permissionless Opportunities from April 10-May 1. The program promises to shine a light on the next generation of web3 companies while giving the best applicants everything they require to optimize their prospects of success.

About Permissionless Opportunities Event

Permissionless Opportunities is the first online event hosted by Permissionless Capital. The startup and investor network believes in equal opportunities, regardless of a startup’s connections, background or country. Permissionless Opportunities takes the form of an online contest that’s free for web3 startups to apply to and attend. Successful applicants will have the opportunity to receive grants, credits, 1:1 mentorship and exposure to the biggest media outlets.

Learn more: https://event.permissionlesscapital.io/

Contact

Nir Naamani
nir@permissionlesscapital.io