📢: Today, we're excited to announce our $300M Series B funding round. This milestone signals the technical strength & immense potential of our Sui ecosystem. #Suinami🌊 1/🧵
2/ We believe in a future where every major digital exchange of value will be done via public ledgers. Public blockchains⛓️ usher in a world of greater transparency & seamless composability of assets that will ultimately benefit end users. 🙌
3/ The next web3 cycle is due for an upgrade. We need to go from the existing crypto dial-up era to super fast broadband by addressing:

💧Poor developer experience
💧Low scalability, high cost
💧Poor onboarding experiences
💧Very limited use cases
4/ Sui is a monumental R&D + engineering effort. We've built what we believe to be the strongest, multi-disciplined team in the space to make it a reality.

This funding enables us to expand + accelerate Sui’s launch, invest in the Sui ecosystem & continue expansion into Asia. 🌏

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More from @Mysten_Labs

Jul 20
We recently spoke with our Head Economist, @alonsodegortari, to talk about Sui Tokenomics on our AMA. Here’s the mini recap 🧵 1/7
@alonsodegortari 2/7 - What’s special about Sui Tokenomics?

💡 Engineering design is built in sync with current innovations
⛓ Everything lives on the blockchain as an independent object
⚖️ Horizontal scaling allows to execute different transactions at the same moment
@alonsodegortari 3/7 - Unpacking Sui’s Gas Mechanism:

Our high-level goal was to make sure that the gas mechanism always delivers low & predictable gas for all users. Sui did this by dividing time across epochs. An epoch goes through, users submit transactions & validators process them. ↴
Read 7 tweets
Jul 12
Move VSCode plugin is available to download here: bit.ly/move-analyzer

Difficulty with more traditional smart contract languages that #MoveLang is trying to solve is code composition & reuse. New VSCode plugin delivers a set of features that can aid developers. A thread 🧵
The new features provided by the current version of move-analyzer’s language server include:

▫️ Type on hover
▫️ Go to definition
▫️ Go to type definition
▫️ Find references
▫️ Error reporting
Type on hover:
When encountering identifier in unknown code base, you may not know the type of the identifier. If you hover a cursor over the name of an identifier, you will see the name of this identifier displayed in a tooltip.
Read 9 tweets
May 25
Excited to finally share the economic model that will let Sui serve the next billion web3 users & deliver a flourishing economy. A thread by our Head Economist @alonsodegortari : 🧵👇 1/n
2/n: The Sui Smart Contracts Platform is:
🍃​ environmentally-friendly
🤑​​ cost-efficient
🌊​ high-throughput
⬇️​​ low-latency
⛓️​ permissionless blockchain

Sui’s economic model is tailored to operate smoothly in sync with Sui’s engineering design: bit.ly/twtokenomics
3/n: Sui’s ⛽​ gas price mechanism + 🗄️​​ storage fund work hand-in-hand with Sui’s ability to parallelize transactions, scale horizontally, & store arbitrary amounts of on-chain data.

Ensuring Sui's engineering design is matched by an economic model enabling success at scale.
Read 16 tweets
Mar 28
Mysten Labs is proud to present... Sui! Let’s dive into “parallel agreement”  —  a breakthrough in system design. A 🧵. 1/8 #blockchaintechnology
2/8 - Sui scales horizontally with no upper bound to meet application demand while maintaining extremely low operating costs per transaction. #blockchain
3/8 - Sui's system design breakthrough eliminates a critical bottleneck in existing #blockchains : the need to achieve global consensus on a total-ordered list of transactions.
Read 8 tweets

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