Though both $BTC and Ethereum had a little resurgence in September, Sui's 100% monthly gain outperformed them both. The rival to $ETH , which offers transaction rates that are far quicker than those of most other options in the market, has mostly invested on Web3 gaming as its breakthrough application.
The token has increased by 103% since the start of the month, suggesting that the wager is paying off. For the month, Ethereum and $BTC saw increases of 6% and 11%, respectively.
Evan Cheng, co-founder of Mysten Labs, recently explained why Sui believes gaming has so much promise and why the company worked with Sui to produce the first Web3-dedicated gaming gadget, the SuiPlay0x1, this month. It's about creating a platform that, as Cheng puts it, redefines what ownership may mean in the digital era.
Sui goes beyond a simple blockchain. In an interview with Coinage, Cheng stressed that it's a platform for developers, indicating that the project's goal goes well beyond being a transaction log.
In response to a question concerning the choice to focus on hardware rather than just software, Cheng emphasized the significance of resolving a key problem: distribution. It's crucial to ascertain "what can Web3 and crypto do for consumers," Cheng said, adding that this is a question that is likely asked frequently. But first, how can we assist developers in creating a new, sustainable business model? It is equally significant.
Sui's wager on its gaming gadget enters the picture here. The team is creating a unique service that may open up new opportunities for developers by giving a close connectivity between hardware and the Sui ecosystemâmuch like how Apple's iPhone later enabled its App store. At $599, the smartphone offers unlocks that might perhaps offset its cost.
Cheng views this gadget as a vital distribution channel rather than merely a standard portable console or gaming PC. "With its tight integration with Sui, we know this is a device people will love because it can do more than your typical handheld gaming PC," he continued, highlighting the fact that this approach will help provide "new experiences" to both users and developers.
Considering that Sui's mainnet only launched in May of last year, it's a big assertion. Mysten Labs is putting more effort into what it sees as the last component of the puzzleâownership and distribution through hardwareâwhile other initiatives are still figuring out how to build a user base and developer ecosystem. For Cheng and the Mysten Labs team, creating a comprehensive experience that addresses core issues is more important than just putting code into place and watching the blockchain operate.
Looking back at the trip thus far, Cheng remarked, "Building an ecosystem is organic." "We have extremely strong indications that we understand the purpose of each assignment. It's one thing to keep Sui healthy at the vanguard of this technological race; it's another to figure out distribution. The team's top priority include also resolving user experience problems and reducing onboarding friction, which Cheng credits to their combined background in finance and technology.
Cheng is obviously pleased of the unrelenting speed at which Mysten Labs has been operating since the mainnet's inception. He did, however, make the point that going quickly isn't the purpose. "Is there a strategy behind it, I wonder? This is somewhat related to our fantastic staff and vision," he remarked. And there is a tangible sense of excitement as a couple more items are about to launch.
In the end, Mysten Labs has more goals in mind than merely being the next great blockchain. It wants to be a place where developers may experiment, think outside the box, and push the limits of what the digital economy can provide.
If Sui's bold move into hardware pays out, it may completely alter how projects approach the problem of distribution and user interaction in Web 3. Furthermore, Cheng can see that Sui is committed to spearheading the next phase of blockchain development.
