- Google Cloud has partnered with Sui Network to drive AI evolution for Web3.
- The partnership will see about 4 distinct Sui ecosystem overhauls.
In a strategic partnership, Google Cloud has announced it is teaming up with the Layer-1 blockchain platform and Solana’s competitor, Sui (SUI). According to the announcement, the partnership focuses on improving AI-powered applications, scalability, security, and user experiences across the Web3 ecosystem.
Google Cloud Taps Partnership with Sui
The Cloud division platform of Google said the collaboration was made possible with support from Mysten Labs, the developers of Sui. The platform highlighted four key areas that the partnership would encompass.
The first noted division focuses on data-driven Decentralized Applications (dApps). Google Cloud said it will bolster its commitment to the Sui ecosystem by incorporating Sui blockchain data into BigQuery public datasets. By doing this, the platform seeks to help developers with powerful analytics tools needed to unlock new insights and innovative dApp possibilities.
The second division focuses on AI-enhanced development. So far, Sui has utilized Vertex AI, Google Cloud’s generative AI platform to help Web3 developers debug and augment code generation. Mysten Labs developed a new AI-based code auditing tool that leverages the cloud and AI capabilities of Google Cloud to detect security flaws in Rust, Move, Typescript, and Solidity.
The third division focuses on user experience. Sui’s zkLogin solution exemplifies the possibilities of this partnership by bridging some of the barriers between Web2 and Web3 services. zkLogin is a core cryptographic mechanism that combines OAuth credentials from Google and other trustworthy Web2 platforms to provide seamless login for crypto wallets and dApps on Sui.
Finally, the partnership between Google Cloud and Sui is poised to enhance scalable infrastructure. Sui used Google Cloud’s scalable infrastructure to enable its network’s security and transaction throughput.
Evan Cheng, CEO and co-founder of Mysten Labs expressed excitement for the partnership, stating, “Collaborating with Google Cloud helps us propel the development of secure, scalable, and user-centric Web3 experiences.”
“Google Cloud’s infrastructure and cutting-edge AI capabilities complement Sui’s unique technological strengths, empowering all types of developers to create the next generation of decentralized applications on Sui,” Cheng added.
Sui’s Rise to Prominence
The Sui blockchain has climbed to become one of the notable Layer 1 blockchains in the Web3 space. The platform is designed for speed, security, accessibility, and privacy, becoming a major rival to Solana. As previously reported by Crypto News Flash, Sui has catapulted into the top 10 of blockchains focused on Decentralized Finance (DeFi).
Sui operates with a consensus mechanism called delegated proof of stake. This attribute differentiates it from other blockchains such as Bitcoin (BTC) or Ethereum (ETH). SUI, the native cryptocurrency, has numerous functions within the network such as staking, payment of gas fees, and participation in governance.
Currently, SUI is trading at $1.15, demonstrating increases of 3.6% in the past day. The market cap is also up by an outstanding 87% to $2.6 billion. However, trading volume decreased by 38% to $179 million.
Credit: Source link
