hold or not - Sui Hub in Dubai Launched to Drive Expansion

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LIVE UPDATES • Sui Hub in Dubai Launched to Drive Expansion • Digital Asset Investment Products Saw The Largest Inflows Since July • Vitalik Advocates for Enhanced DAO Membership Accessibility • UK Pension Powerhouse L&G Ventures Boldly into Crypto Tokenization Market • MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool • Russia and BitRiver Expand Crypto Mining in BRICS Nations • ApeCoin Staking Withdrawals By APE Whale Hit Millions • Crypto PAC Fairshake Raised $29M Ahead of Fierce Political Race • Stripe Secures $1.1B Bridge Stablecoin Payment Push • Plus Wallet Offers Advanced Security & Ease of Use! Insights on LINK & Crypto.com!

News Sui Hub in Dubai Launched to Drive Expansion 3 mins ago - Around 2 mins mins to read

Key Points:

The Sui blockchain has launched a developer hub in Dubai in collaboration with the Ghaf Group.

The Sui hub in Dubai is the first in a planned series of global facilities.

The new hub in Dubai, which is powered by the Sui blockchain, is designed to bolster innovation among blockchain developers and entrepreneurs.

Read more: Sui Network Currently Has More Than 6 Million Active Accounts

Sui Blockchain Opens Sui Hub in Dubai

In an interview with CoinDesk, Mysten Labs’ co-founder and chief cryptographer Kostas Chalkias voiced his vision for the hub he hoped would bring a tide of solution engineers into the city.

Chalkias moved from California to Dubai, where he said the blockchain government client could soon swiftly make smart contracts. He added that the Sui hub in Dubai would support the development of solutions for clients in several days, not move very fast to deploy the technology on different challenges.

The initiative is in cooperation with the Ghaf Group, one of the prominent blockchain firms in the region. This hub is the first of its planned series of global facilities, a reflection of the growing reputation of the city as a hub for the Web3 community.

Likewise, Dubai’s clear regulations and efficient licensing have lured some of the biggest crypto exchanges: Binance, Crypto.com, and OKX, all of which secured approvals this year.

Sui Network Keeps on Expanding

Supplementing the launch of the Sui hub in Dubai, SUI has also been recently in the limelight regarding the announcement by Grayscale of the new SUI Trust. With this development, wealthy investors who intend to enter the Sui ecosystem will have more open avenues for investments.

The Sui blockchain is still making more enhancements. To wit, one such feature to that effect is called Consensus Handler – a remarkable improvement for substantially fast-tracking transactions and the performance of the network in general.

blockchain Dubai layer 1 sui Sui Hub in Dubai

Author Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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Sui Hub in Dubai Launched to Drive Expansion