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Sui Foundation provides a web3 development platform for creating and managing digital assets that function like interactive in-game items. The platform uses an object-centric data model where assets live directly on-chain rather than inside smart contracts, allowing for horizontal scaling and parallel processing to keep transaction fees low. Unlike many competitors, Sui ensures that assets remain under the exclusive control of their owners across all transaction types while allowing those assets to be modified or combined. The company's goal is to provide a secure, high-speed environment where developers can build complex applications with digital assets that are easy to own and trade.
Industries
Data & Analytics
Enterprise Software
Crypto & Web3
Company Size
201-500
Company Stage
Early VC
Total Funding
$8.6M
Headquarters
San Francisco, California
Founded
2022
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Total Funding
$8.6M
Above
Industry Average
Funded Over
1 Rounds
Remote Work Options
Flexible Work Hours
Professional Development Budget
Sui just went down twice in 48 hours and it proves why on-chain gaming cannot afford to build on unproven chains. Sui just went down. Again. For the second time in 48 hours. On 28 May 2026, the Sui blockchain suffered a nearly six-hour outage after a bug in its v1.72 software release broke the gas charging logic and crashed the entire network. Every validator went offline. Every transaction stopped. Every dApp built on Sui went dark. Then, the very next day, it happened again. SUI dropped 8% and shed 20% across the week. Now imagine you had a coinflip game running on that chain. Imagine you had just placed a bet. Imagine the randomness request was mid-flight when the lights went out. Tl;dr. * Sui suffered back-to-back network outages on 28-29 May 2026, each lasting roughly six hours, caused by a bug in its own software update * This is Sui's second major downtime event in 2026 alone, following a similar incident in January * Any on-chain game built on Sui would have been completely unusable during these outages, with player funds locked in pending transactions * Satoshie builds on Base, an Ethereum L2 with inherited uptime guarantees from the most battle-tested blockchain in existence * Network reliability is not optional for on-chain gaming. If your chain cannot stay online, your game cannot be provably fair A software update took down an entire blockchain. The details are almost comically bad. Sui's own team pushed a release that contained a bug in the gas charging logic. Not an external exploit. Not a sophisticated attack. Their own update crashed their own network. The validators could not process transactions, the chain halted, and everything built on top of it stopped working. This is the second time it has happened this year. In January, Sui went down for over six hours in a remarkably similar fashion. The pattern is clear: this is a young L1 that has not yet earned the reliability credentials that on-chain gaming demands. Why this matters for on-chain gaming. On-chain gaming is not like a standard dApp. When someone places a bet on a coinflip or enters a raffle, there is real value locked in a smart contract waiting for a randomness callback. If the network goes down mid-game, you have a nightmare scenario: player funds are stuck, VRF callbacks cannot be delivered, and the game exists in a limbo state where nobody knows if they won or lost. Traditional online casinos deal with server downtime by refunding bets or voiding rounds. But that defeats the entire purpose of on-chain gaming. The whole point is that the smart contract is the authority, not a customer support team. If the chain itself is unreliable, the smart contract is useless. This is not a theoretical problem. Sui had two consecutive days of outages. If you were running a provably fair game on Sui, you were running a provably offline game for twelve hours across two days. The Myria lesson, repeated. Earlier this year, Myria shut down its entire gaming L2 and forced users to bridge their assets elsewhere. Satosh wrote about it at the time: building on custom chains designed specifically for gaming sounds appealing in a pitch deck, but it introduces infrastructure risk that is completely unnecessary. Sui is not a custom gaming chain, but the lesson is identical. When you build on a chain that has not been stress-tested by hundreds of billions of dollars in value and years of continuous operation, you are gambling with your platform's reliability. And reliability is not a feature in on-chain gaming. It is the foundation. Why Satoshie builds on Base. Satoshie chose Base, Coinbase's Ethereum L2, for a reason. Base inherits its security and uptime guarantees from Ethereum mainnet, the most battle-tested smart contract platform in existence. Ethereum has maintained continuous operation through market crashes, protocol upgrades, the Merge from proof-of-work to proof-of-stake, and geopolitical chaos. It does not go down because someone pushed a bad software update. Base settles to Ethereum. Ethereum's validator set is distributed across tens of thousands of nodes worldwide. The economic security backing the network is measured in tens of billions of dollars. A single buggy release cannot take the whole thing offline because the network does not depend on a small set of validators running identical software. For on-chain gaming, this is non-negotiable. When a player enters a Satoshie raffle, they need to know that the Chainlink VRF callback will be delivered, the smart contract will execute, and the winner will be selected. Not eventually. Not after the network comes back online. Now. Uptime is a fairness guarantee. There is a tendency in the crypto gaming space to focus exclusively on randomness when discussing fairness. And randomness matters enormously. Chainlink VRF ensures that no one, not even Satoshie, can manipulate outcomes. But fairness is broader than just random number generation. Fairness also means that the game actually runs. That it runs continuously. That a player in Tokyo and a player in London can both enter the same raffle at the same time and know, with certainty, that the chain will not go dark halfway through. That their funds will not be locked in a contract on a frozen chain while they wait for validators to coordinate a restart. Sui's outages expose a truth that the industry prefers to ignore: a provably fair game on an unreliable chain is not actually provably fair. It is provably fair when it works, and provably broken when it does not. The standard is higher than most chains can meet. On-chain gaming has a higher uptime requirement than almost any other category in crypto. A DEX going offline for six hours is inconvenient. A lending protocol going offline for six hours is stressful. A gaming platform going offline for six hours, mid-game, with player funds locked, is a trust-destroying event that no amount of provable fairness mathematics can fix. This is why the chain you build on matters as much as the smart contracts you deploy. Satoshie's contracts are audited, immutable, and verified on-chain. But none of that matters if the chain underneath them cannot stay online. Base can. Ethereum can. Sui, apparently, cannot. The future of on-chain gaming is not built on the newest, fastest, most hyped L1 of the quarter. It is built on the most reliable infrastructure available. And right now, that means Ethereum and its L2 ecosystem. Sui will probably fix this bug. They will probably push another update. And then, statistically, they will probably go down again. Because young chains break. That is what they do. On-chain gaming does not have the luxury of breaking. * next postthe SEC just approved the first blockchain-native securities clearing company and on-chain gaming should be taking notes.
Sui blockchain partners with RedotPay to expand crypto payments in 100+ countries. * Sui and RedotPay integration enables global payments using SUI and USDC across 100+ countries. * The move boosts adoption, compliance, and real-world utility for the Sui ecosystem. The integration between the Sui blockchain and RedotPay is pushing crypto closer to everyday use. It allows over seven million users to transact using SUI and USDC across more than 100 countries. This move marks a clear shift toward real-world adoption of digital assets in global payments. Seamless payments through blockchain and API integration. The system connects RedotPay directly with Sui validators through an API-level integration. This allows faster transaction processing and direct network interaction. Sui's object-centric design and parallel transaction execution help support high throughput. Payments can be confirmed quickly, even during high network activity. This improves user experience for global transactions. Compliance strengthens trust and adoption. RedotPay operates as a licensed payment institution. It follows strict compliance rules, including KYC and AML checks. These safeguards help build trust in the system. They also support smoother adoption in regulated markets. Emerging regions, especially in Asia, may benefit most from this setup. The combination of compliance and blockchain speed creates a practical bridge between traditional finance and crypto systems. SUI token gains real-world utility. The SUI token is no longer limited to staking and governance. It is now used as a medium of exchange across a growing user base. This shift increases its real-world demand potential. More users interacting with SUI in payments may influence long-term token activity. Developers may also build more applications around this expanding use case. That could further strengthen the ecosystem over time. What does this mean for the future of digital payments. The partnership shows how blockchain networks can move beyond trading use cases. Real payment utility is becoming a core focus. With scalable infrastructure and regulated payment channels, Sui is positioning itself in the global payments space. RedotPay adds the user access layer needed for mass adoption. If adoption continues to grow, this model could influence how crypto payments are built and used worldwide. Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Readers should conduct their own research before making any decisions. Denis G is an author at Crypto News Focus, where he covers developments in blockchain, digital assets, and industry trends with clarity and insight. With experience as a crypto writer contributing to reputable blockchain media, Denis brings a deep understanding of the digital asset ecosystem to his work. At Crypto News Focus, he delivers well-researched, timely updates that help readers stay informed about key market movements and technological advancements.
Foresight News reports that DeFi protocol Splyce Finance has completed a strategic funding round with participation from Sui Foundation, Stellar, Solana Fou | Bitget crypto news!
PlayNet has integrated with Sui, a Layer 1 blockchain, to power its onchain rewards system and identity infrastructure for interactive entertainment and brand marketing campaigns. The platform uses Sui's zkLogin to generate unique wallets for users through traditional login credentials like Google, eliminating visible blockchain interactions. PlayNet connects user behaviour across games, interactive video, social content and commerce, helping brands understand how engagement drives purchases and loyalty. The blockchain infrastructure is fully abstracted from end users, with no wallet prompts or seed phrases required. Publicis Play SEA and Dubit are among the first agency and studio partners using the platform. The integration demonstrates blockchain infrastructure entering mainstream marketing by solving operational problems without requiring direct user engagement with the technology.
Sui and DEVCON Philippines launch 'Build Beyond' developer events and code camps. Discover more Arts & Entertainment Celebrities TV Reality Shows The Sui Foundation and DEVCON Philippines announce a year-long strategic partnership to accelerate emerging technology education through a series of nationwide developer events and code camps. The partnership marks a commitment to support the growth of educators, information technology (IT) students, and software practitioners across the country so they can use Move language and code on Sui. This collaboration focuses on supporting local developer communities to build on Sui's high-performance infrastructure - originally developed by the architects of the Move language at Meta. Training will take place through DEVCON's nationwide chapters and regional hubs. DEVCON Kids creative robotics showcase at Iloilo National High School. Discover more Movie & TV Streaming Celebrities & Entertainment News Southeast Asians & Pacific Islanders From Robotics to Smart Contracts: Inspiring possibilities early Through Sui's donation of artificial intelligence-lensed robotics kits and micro:bits, students at the Iloilo National High School exhibit are already engaging with interactive, creative robotics. "Sui's support has already reached Pangasinan and Iloilo, allowing us to launch initiatives that reduce the intimidation factor of tech and turn curiosity into a potential career path," shares Pam Ros Damarillo, DEVCON Kids Founder, during the launch. "We look forward to expanding our partnership through additional training and builder kits. These future expansions will ensure more students have the tools to transition from curious learners to skilled innovators," she added. College students got first-hand experience in blockchain development through Sui. Nationwide Campus Code Camps and "Proof of Learning" The core of the initiative, the Move Smart Contracts Code Camps, officially launched at Colegio de San Juan de Letran - College of Engineering and Information Technology (CEIT) during the She Is DEVCON celebrations. This program provides blockchain training and supports educators in integrating hands-on and free emerging technology training into their academic programs. Nationwide #SHEISDEVCON events "We're training young builders who have proof of learning, not just certificates," said Michael Lance Domagas, DEVCON Philippines Code Camps Lead. "Participants deploy Move smart contracts on the Sui mainnet, ensuring their authorship is immutable and verifiable." A Nationwide Rollout This launch marks the first step in a strategic nationwide expansion. Upcoming code camps are scheduled for Tacloban, Bukidnon, Iloilo, and Pampanga.Mysten Labs Developer Advocate Harrison Kim "I believe that the next wave of innovation will be driven by builders who have the right tools to build in a world dominated by AI and local support to help foster the adoption of these tools," said Harrison Kim, Mysten Labs Developer Advocate. "Partnering with DEVCON Philippines allows us to bring the Move programming language and the Sui Stack infrastructure directly to one of the vibrant tech communities in Southeast Asia," he said. Empowering the Filipino Developer Sui code camps kick off at the College of Engineering and Information Technology at Colegio de San Juan de Letran in Intramuros, Manila. "We are grateful for partners like Sui who share our vision for grassroots growth," said Dom De Leon, Executive Director of DEVCON Philippines. "Today's launch represents small, but critical steps toward addressing a massive challenge: a global tech landscape that evolves faster than academic programs can adapt. While we cannot close these gaps overnight, we must provide immediate community support to Filipino developers to stay ready for what's next. 'Build Beyond' makes these first moves - from AI robotics for youth to blockchain for students - accessible and free. By reaching beyond Manila to our Visayas and Mindanao chapters, we are providing opportunities so that Filipinos are not merely spectators of the future, but its active builders and contributors," he added. % buffered Powered by GliaStudios Are you ready to Build Beyond? Whether you are a student exploring robotics or a developer ready to deploy your first Move smart contract, your local tech community is waiting. Visit devcon.ph/chapters to get notified of events near you and join the next generation of Filipino builders.
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Industries
Data & Analytics
Enterprise Software
Crypto & Web3
Company Size
201-500
Company Stage
Early VC
Total Funding
$8.6M
Headquarters
San Francisco, California
Founded
2022
Find jobs on Simplify and start your career today