Advancing the Sui Ecosystem: Fund Allocates $1 Million to 17 Innovative Projects
Date: 2023-10-02 Author: Dima Zakharov Categories: BUSINESS
The Sui Fund is once again showcasing its active support for innovation by allocating over $1 million to the development of 17 new projects. These investments are aimed at strengthening the decentralized Sui platform and diversifying its ecosystem. The fund rigorously selected grant recipients, evaluating their projects based on development plans, budgeting, key milestones, team experience, and impact on the Sui community.
Expanding the Sui Ecosystem
The approved projects touch on various aspects of Sui, from decentralized finance (DeFi) platforms to innovative gaming solutions and analytical tools. For example, Blockberry, a universal multi-chain platform, provides services including SuiScan Explorer, betting facilities, and an API for developers. Bushi, a free shooter game built on Unreal Engine 5, ambitiously aims to become an innovative Web3 game. CoinBrain is an AMM/DEX analytical platform that equips developers with a comprehensive set of tools.
Innovations in DeFi
Projects like Crumb Finance and FlowX Finance are working on enhancing DeFi. Crumb Finance is developing a mechanism that allows users to seamlessly convert average dollar values into Sui and other assets on the platform. FlowX Finance is reimagining user interactions with DeFi, providing a swapper, DEX aggregator, and other tools governed by a decentralized autonomous organization (DAO).
NFT and Indexing
The Indexer project is creating a cross-chain index enterprise, providing quick access to the NFT market by aggregating NFT liquidity across different chains. This opens up new opportunities for NFT artists and collectors.
Simplifying Interfaces
Metamask Snap for Sui and the Smart Contract SDK Generator from Kuna Labs simplify user access and interaction with Sui by integrating MetaMask and reducing boilerplate code in interactions with smart contracts.
Infrastructure Improvement
Scallop Tools and Surf Wallet are at the forefront of streamlining transaction structures and creating a more accessible infrastructure for cryptocurrency payments.
Financial Innovations
NAVI Protocol and Mole delve into expanding liquidity options and DeFi diversification, offering financial products tailored to different risk levels.
These projects reflect the diversity and innovations supported by the Sui Fund, underscoring its commitment to developing a sustainable and innovative ecosystem. This investment in the future of Sui holds promise for the long-term growth of this decentralized platform.
