Ika Reveals Strategic Investment From Sui Foundation, Bringing Total Funding to Over $21 Million
April 28, 2025 – Zug, Switzerland
ThThe world's fastest parallel in the world's MPC network, which is set to launch at Sui Blockchain, announces a strategic investment from the SUI Foundation after ending a record-setting of 1.4 million Sui NFT Art campaign in SUI.
TH FE is the first sub-second MPC network, which enables the interoperability of zero trust between blockchains on the unprecedented scale, throughout hundreds of signer nodes with ironclad security.
The th is aligned with the key values of SUI performance, speed and decentralization.
With its upcoming launch with the Sui Blockchain, Through the MPC's unparalleled technology to empower SUI to transfer smart contract developers with safe interoperability to all web 3.0.
The position of this cement as the main solution for cross-chain defi, decentralized precautions, chain abstraction, AI agent guardrails, native programmability of bitcoin and more, which uses the first truly measured, secure MPC sign solution.
Th Setting new benchmarks on MPC technology
I use the novel 2pc-MPC cryptographic scheme and Sui's Mystictiti Consensus Protocol To meet the critical limitations on the existing MPC networks, which delivers the unmoved performance.
- Record-breaking throughput TH FE can be measured to process transactions up to 10,000 times more than current MPC networks, enabling an uninterrupted volume.
- Minimal latency While conventional networks can lose 30 seconds or more, the SA can generate a signature at sub-second speed, enabling real-time applications throughout the chain.
- Extreme scalability The th is passing by the average four to eight node limits, with 2pc-MPC that can be measured by hundreds and potentially even thousands of signers, which boost decentralization without compromising performance.
- Zero-trust security The ar architecture of the th USE's user assets will remain safe even in the worst cases of situations, setting a new criteria for decentralized security.
Cases of use by th A game-changer for web 3.0
The Ultra-Fast MPC network of th gives a wide range of Sui Blockchain applications, with many SUI builders building their tech using MA, including the following.
- Defi interoperability The sub-second speed and scalability of th allows instant and secure operation on all web 3.0 ecosystems, bringing liquidity from chains such as bitcoin and ethereum to Sui. Sui builders, Whole sail and Rheiannounced their upcoming launch that uses th.
- Decentralized caution The SA SAFETY, decentralized solutions to the SUI Blockchain preservation for digital assets, delivering incompatible security for institutional and individual users. Sui builders, Aoneon and Human techannounced their upcoming integration of th in their tech.
- Chain Abstraction The SUI builders allow for abstract the complexity of many chains for their users, along with other SUI features such as Zklogin, which delivers a perfect user experience. Sui builders, Covault and Lucky Katannounced their upcoming integration of th in their tech.
- Programmable Bitcoin The th opens new possibilities for native BTC in SUI with programmable and secure defi and caution. Sui builders, Native and Nativerseannounced their upcoming launch that uses th.
- AI agent guardrails E enhances AI applications to the SUI, by providing safe MPC guards, ensuring AI agents without completely unnoticed power, cautioning users' ownership. Sui builder Atoma and Ekko announced their upcoming launch that uses th.
A vision supported by industry leaders and embraced community
SUI Foundation's strategic investment in the SUI is dedicated by the SUI to care for technological cuttings to advance its mission of high performance and decentralization.
It boosts technical synergy within the SUI ecosystem, which positions both SUI and is ahead of the Web 3.0 revolution, promoting a future, measurable, decentralized infrastructure.
With more than $ 21 million in funding and a peak private appreciation of $ 600 million FDV, TH was to support twelve -two major players in web 3.0 space, including Sui Foundation, Dcg, Ram, Blockchange, Node Capital, Amplify partners, Liquid2 ventures, Falconx, Tykhe block ventures, Lightshift, Token bay capital, Collider, Zero ventures of knowledge, Nolimit holdings, Rubik ventures, Capitalization of capital, Insignius capital, Impatient adventure, Cerulean ventures, Earl Gray Capital, Hdi ventures, Flowdesk, TPC ventures, Purechain capital, Solr Dao, Hero adventure, Naval Ravikant, Notvcs, G-20 group, Artifact Capital, DSRV, Encapsulate And more.
TA also showed strong adoption from Sui users launching the 'MF Squid Market' NFT Art Campaign NFT's largest and most successful campaign in SUI history, receiving more than 1.4 million SUIs, creating a strong and active indigenous community in the process.
The th token is about to launch the native to the SUI Blockchain, unlocking the new function and utility in decentralized security.
As the native token of the MPC network, the D will play an important role in the power of ultra-fast, measured infrastructure, which serves as a way to pay for MPC sign services, enabling seamless transactions throughout the web 3.0 space.
By seizing the inconsistent speeds and performance of the SUI, the EPEAsEmarks of the overall security and scalability of the ecosystem, increasing the most promising MPC technology to the blockchain to the fastest growing layer-one on the web 3.0.
About th
Th is the fastest in parallel MPC network, which offers sub-second latency, unimaginable scale and decentralization and zero-trust security.
As the main choice for interoperability, decentralized precautions and chain abstraction, the SA is set to change the security of digital assets and multi-chain defi.
Users can learn more Here.
About Sui
Sui is a first-of-its-kind layer-one blockchain and smart contract platform designed from the bottom to to make it fast, private, secure and accessing everything.
Based on the language transfer language, the Object-Sentric model enables the in parallel, sub-second end and rich on-chain assets.
In horizontal scalable processing and storage, SUI supports a wide range of applications with unparalleled speed at low cost.
SUI is a step-function promotion in the blockchain and a platform where creators and developers can develop amazing experiences in handy.
Users can learn more than just Website.
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