According to TechFlow, Sui Name Service (SuiNS), a Sui blockchain domain name service, announced its transformation to a decentralized model and plans to launch a governance token, $NS. In the future, $NS token holders will be able to directly participate in the decision-making of the SuiNS platform.

The community may vote on new features such as registering shorter names, introducing static USD pricing, NFT avatar generators, etc. In addition, the SuiNS front-end code base will be open source to encourage global developers to participate and contribute.

SuiNS's vision is to leverage community power to continuously redefine on-chain identity management standards, ensuring ease of use, security, and user-centricity.