BytePlus Embarks on a Web3 Journey in Collaboration with Sui, Aiming for the Gaming and Social Finance Sectors.

The innovation branch of this tech giant has expressed its goal to enter the blockchain space through a strategic partnership with Sui, aimed at tailoring recommendation algorithms and augmented reality tools for gaming and social media needs. ByteDance , BytePlus Currently, the company offers a diverse set of services, including customized solutions, content delivery systems, and user interaction tools that leverage augmented reality and sophisticated data analysis. Mysten Labs BytePlus's platform for personalized solutions, named BytePlus Recommend, alongside BytePlus Effects—boasting a library of 80,000 pre-built stickers and effects for video content—is on track for seamless integration with Sui’s NFTs, paving the way for innovative applications. By providing these resources to developers, BytePlus aspires to accelerate the creation of impactful decentralized applications (dApps).

Moreover, by integrating digital assets governed by customizable ownership rules, BytePlus seeks to craft unique user experiences and expand its audience. The incorporation of Sui’s blockchain capabilities and sponsored transactions is anticipated to foster broader adoption of blockchain technology.

Sui Ranks Among the Top 10 Blockchains by Total Value Locked. Sui Sui is a blockchain platform for smart contracts that emphasizes effective asset management while minimizing latency. It employs the Move programming language to classify assets as objects that belong to particular addresses. Move functions describe actions applicable to these categorized objects, including custom regulations regarding their creation, transfer, and modification.

Launched less than a year ago by former members of Facebook’s Libra project, Sui has quickly established itself alongside notable blockchains like Solana, Aptos, and Sei. The platform officially released its mainnet last May. zkLogin Recently, Sui has made significant strides, climbing to become one of the top 10 blockchains when it comes to total value locked (TVL), according to DefiLlama, achieving a TVL of over $402 million. As of now, Sui boasts a TVL of approximately $588.38 million.

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Alisa, a committed journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast landscape of Web3. With a strong eye for emerging trends and technologies, she offers in-depth analyses to engage and inform readers about the rapidly changing digital finance sector.

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