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<p>BytePlus, a unit of TikTok owner ByteDance is going to partner with Mysten Labs to integrate AI algorithms in the Sui Blockchain. The firm’s venture into Web3 and AI comes at a time when the industry has been gaining traction from both consumers and users.</p>
<h2 id="byteplus-strikes-deal-with-mysten">BytePlus Strikes Deal With Mysten</h2>
<p>The Sui layer-1 blockchain’s creators, Mysten Labs, have formed a strategic alliance with BytePlus, the enterprise technology division of ByteDance, the company that owns <a href="https://coingape.com/tag/tiktok/" target="_blank" rel="noopener noreferrer nofollow">TikTok</a>, to expand into the Web3 space.</p>
<p>In partnership with Mysten Labs, BytePlus will investigate data warehousing, content development, recommendation, and augmented reality in Web3 game platforms and socialFi initiatives.</p>
<p><strong>Read Also: <a href="https://coingape.com/blackrock-eyes-saudi-expansion-to-capitalize-on-bitcoin-etf-success/" target="_blank" rel="noopener noreferrer nofollow">BlackRock Eyes Saudi Expansion To Capitalize On Bitcoin ETF Success</a></strong></p>
<h2 id="byteplus-to-give-multiple-services-to-sui">BytePlus to Give Multiple Services to Sui</h2>
<p>The deal implies that Sui will be able to combine its entire nodes’ data with ByteHouse, a cloud-native data warehouse, for real-time and batched analysis, improving performance and guaranteeing faster delivery for users.</p>
<p>Another area of cooperation with Sui will be BytePlus products, such as recommendation systems and BytePlus CDN, a network of content distribution networks for faster delivery. Large game development businesses and other important partners will likely get a rise in exposure as a result of the possible use of these items on Sui.</p>
<h2 id="sui-network-s-growth-send-sui-token-up">Sui Network’s Growth Send Sui Token Up</h2>
<p>The deal with BytePlus comes as the Sui ecosystem has been growing recently. Just previously, First Digital Trust, a stablecoin issuer based in Hong Kong, said that it is extending its $3 billion dollar-pegged FDUSD token to the Sui blockchain.</p>
<p>After the announcement of the deal with BytePlus was announced, the <a href="https://coingape.com/price/sui-coin/" rel="noopener noreferrer nofollow">SUI token</a> saw a surge in its prices. SUI’s current price stands at, per press time $1.3. The total 24-hour trading volume of cryptocurrencies today is $329 million. The price of SUI has increased by 7.37% over the last day, and it is presently trading between $1.3 and $1.2 apiece. Additionally, the current market capitalization of Sui (SUI) is $1,656,339,214.</p>
<p><strong>Read Also: <a href="https://coingape.com/kraken-launches-self-custodial-mobile-wallet-across-eight-networks/" target="_blank" rel="noopener noreferrer nofollow">Kraken Launches Self-Custodial Mobile Wallet Across Eight Networks</a></strong></p>
<p>The post <a href="https://coingape.com/byteplus-partners-with-mysten-labs-for-ai-integration-in-sui-blockchain/" rel="noopener noreferrer nofollow">BytePlus Partners with Mysten Labs for AI Integration in Sui Blockchain</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

BytePlus Partners with Mysten Labs for AI Integration in Sui Blockchain

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