<p><a href="https://mystenlabs.com/" rel="noopener noreferrer nofollow">Mysten Labs</a>, the entity responsible for developing the Sui <a href="https://blockchainreporter.net/glossary/blockchain-3-0/" rel="noopener noreferrer nofollow">blockchain</a>, has declared a partnership with the cloud service of <a href="https://www.tencentcloud.com/" rel="noopener noreferrer nofollow">Tencent</a> (known as the biggest gaming platform in China). The reports point out that the latest partnership will see a mutual collaboration between both parties to drive ahead the <a href="https://blockchainreporter.net/glossary/digital-asset-ecosystem/" rel="noopener noreferrer nofollow">ecosystem</a> of the <a href="https://docs.sui.io/" rel="noopener noreferrer nofollow">Sui blockchain</a>.</p><h2 id="header-0">Mysten Labs and the Cloud Service of Chinese Gaming Giant Tencent Form a New Collaboration</h2><p>As included in the latest collaboration, the chief things to be focused on will take into account the cloud services, payments, as well as <a href="https://blockchainreporter.net/glossary/gamefi/" rel="noopener noreferrer nofollow">GameFi</a>. Tencent and Mysten Labs will provide great attention to the above-mentioned spheres to make advancements in the fintech industry. While disclosing the news about the exclusive partnership, Mysten Labs shared a post on the official Twitter account of the platform.</p><p>The platform expressed its gratitude for its latest tie-up with the top gaming institution operating in the Chinese jurisdiction. In addition to this, Sui Global also shared a post saying that the collaboration moved excitingly beyond their expectations. Sui is known as an L1 blockchain created by the team of Mysten Labs. The respective venture was established in the year 2022.</p><h2 id="header-1">Sui Blockchain Focuses on an Object-Oriented Architecture and Scalability</h2><p>The credit for developing the project goes to the former executives from Meta as well as the architects of the Diem blockchain program of Meta. The language utilized by the Sui blockchain is ‘Move’. Meta is the developer of the respective language. This language utilizes exclusive data structures for the creation of a cost-effective and rapid blockchain. Apart from that, object-oriented architecture, as well as scalability, are the two chief priorities of the blockchain.</p><p>These characteristics of the Sui blockchain provide a choice to the developers. In this way, they are free to develop games comprising dense populations. In addition to this, they can even be benefited from the <a href="https://blockchainreporter.net/glossary/on-chain/" rel="noopener noreferrer nofollow">on-chain</a> elements. As a result, the developers can monetize in a better way.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/884be21f831e4402bd5101132ba5483d.png"></p><p>The most important thing here is that this all plays a crucial role in offering the best consumer experiences, according to Sam Blackshear (the chief technology officer and co-founder of Mysten Labs). Another L1 blockchain called Aptos – which is developed by executives from Meta – also utilizes the Move language. Some time ago, more than $350 million has been collected by the chain from its investors. According to Mysten Labs, the platform utilizes a play-to-earn model of gaming.</p>

Sui Blockchain’s Developer ‘Mysten Labs’ Declares Collaboration with Cloud Service of Tencent

Table of Contents

BlockchainReporter

Other articles published on Feb 10, 2023

Recap: EMURGO Fintech Managing Director Talks Cardano USDA Stablecoin on IOHK’s Cardano360

Williams Supports 5-5.25% Rate Hike, Crypto Market Falls

Bank of England Launches Digital Pound Project

CEO Resigns After Galaxy Digital Acquires Argo

Along with the Gods Weekend Event

50X Crypto Strategy: 3 Top Altcoins for the BTC Bull Run

Join our free newsletter for daily crypto updates!