[PRESS RELEASE – Zug, Switzerland, April 28th, 2025]
Ika, the world’s quickest parallel MPC community, set to launch on the Sui blockchain, reveals a strategic funding from Sui Basis after just lately concluding a record-setting 1.4M SUI NFT artwork marketing campaign on Sui. Ika is the primary sub-second MPC community, enabling zero belief interoperability between blockchains at unprecedented scale, throughout a whole lot of signer nodes with ironclad safety.
Ika aligns with Sui’s core values of efficiency, pace, and decentralization. With its upcoming launch on the Sui blockchain, Ika brings its unequalled MPC know-how to empower Sui Transfer good contract builders with safe interoperability throughout all of Web3. This cements Sui’s place because the premier resolution for cross-chain DeFi, decentralized custody, Chain Abstraction, AI agent guardrails, native Bitcoin programmability, and extra, using the primary really scalable, safe MPC signing resolution.
Ika: Setting New Benchmarks in MPC Know-how
Ika leverages the novel 2PC-MPC cryptographic scheme and Sui’s Mysticeti consensus protocol to deal with essential limitations in present MPC networks, delivering unprecedented efficiency:
- Document-Breaking Throughput: Ika can scale to course of transactions as much as 10,000 instances greater than present MPC networks, enabling unprecedented quantity.
- Minimal Latency: Whereas typical networks can lag 30 seconds or much more, Ika can generate a signature at sub-second pace, enabling real-time purposes throughout chains.
- Excessive Scalability: Ika transcends the standard 4-8 node restrict, with 2PC-MPC that may scale to a whole lot and probably even 1000’s of signers, bolstering decentralization with out compromising efficiency.
- Zero-Belief Safety: Ika’s structure ensures consumer property stay safe even in worst-case situations, setting a brand new commonplace in decentralized safety.
Ika’s Use Circumstances: A Sport-Changer for Web3
Ika’s ultra-fast MPC community powers a variety of purposes on the Sui blockchain, with a number of Sui builders already constructing their tech using Ika, together with:
- DeFi Interoperability: Ika’s sub-second pace and scalability allow on the spot and safe operations throughout all Web3 ecosystems, bringing liquidity from chains like Bitcoin and Ethereum to Sui. Sui builders, Full Sail and Rhei, have introduced their upcoming launch using Ika.
- Decentralized Custody: Ika provides safe, decentralized custody options on the Sui blockchain for digital property, delivering unmatched safety for institutional and particular person customers. Sui builders, Aeon and Human Tech, have introduced their upcoming integration of Ika into their tech.
- Chain Abstraction: Ika permits builders on Sui to summary the complexity of a number of chains for his or her customers, alongside different Sui options equivalent to zkLogin, delivering an ideal consumer expertise. Sui builders, Covault and Fortunate Kat, have introduced their upcoming integration of Ika into their tech.
- Programmable Bitcoin: Ika unlocks new potentialities for native BTC on Sui, with programmable and safe DeFi and custody. Sui builders, Native and Nativerse, have introduced their upcoming launch using Ika.
- AI Agent Guardrails: Ika enhances AI purposes on Sui, by offering safe MPC guardrails, guaranteeing AI brokers don’t have full unchecked energy, safeguarding customers’ property. Sui builders Atoma and Ekko have introduced their upcoming launch using Ika.
A Imaginative and prescient Supported by Trade Leaders and Embraced by the Group
Sui Basis’s strategic funding in Ika underscores Sui’s dedication to fostering cutting-edge applied sciences that advance its mission of excessive efficiency and decentralization. This strengthens the technical synergy inside the Sui ecosystem, positioning each Sui and Ika on the forefront of the Web3 revolution, advancing a way forward for safe, scalable, decentralized infrastructure.
With over $21 million in funding and a peak non-public valuation of $600M FDV, Ika is backed by dozens of key gamers within the Web3 house, together with Sui Basis, DCG, Large Mind Holdings, Blockchange, Node Capital, Amplify Companions, Liquid2 Ventures, FalconX, Tykhe Block Ventures, Lightshift, Token Bay Capital, Collider, Zero Data Ventures, NoLimit Holdings, Rubik Ventures, Dispersion Capital, Insignius Capital, Impatient Ventures, Cerulean Ventures, Earl Gray Capital, HDI Ventures, Flowdesk, TPC Ventures, Purechain Capital, Solr DAO, Heroic Ventures, Naval Ravikant, NotVCs, G-20 Group, Artifact Capital, DSRV, Encapsulate and lots of extra.
Ika additionally demonstrated sturdy adoption from Sui customers launching the “MF Squid Market” NFT artwork marketing campaign, the most important and most profitable NFT marketing campaign in Sui historical past, receiving over 1.4M SUI, creating a robust and lively grassroots neighborhood within the course of.
The IKA token will quickly launch natively on the Sui blockchain, unlocking new performance and utility in decentralized safety. Because the native token of the Ika MPC community, IKA will play a pivotal function in powering its ultra-fast, scalable infrastructure, serving because the means to pay for MPC signing providers, enabling seamless transactions throughout the Web3 house. By leveraging Sui’s unmatched pace and efficiency, Ika enhances the general safety and scalability of the ecosystem, including essentially the most promising MPC know-how in blockchain to the fastest-growing L1 in Web3.
About Ika
Ika is the quickest parallel MPC community, providing sub-second latency, unprecedented scale and decentralization, and zero-trust safety. Because the premier selection for interoperability, decentralized custody, and chain abstraction, Ika is about to revolutionize digital asset safety and multi-chain DeFi. Customers can study extra right here
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and good contract platform designed from the underside as much as make digital asset possession quick, non-public, safe, and accessible to everybody. Based mostly on the Transfer programming language, its object-centric mannequin permits parallel execution, sub-second finality, and wealthy on-chain property. With horizontally scalable processing and storage, Sui helps a variety of purposes with unequalled pace at low value. Sui is a step-function development in blockchain and a platform on which creators and builders can construct superb, user-friendly experiences. Customers can study extra at: https://sui.io
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