Ika, the world’s fastest parallel MPC network, set to launch on the Sui blockchain, reveals a strategic investment from Sui Foundation after recently concluding a record-setting 1.4M SUI NFT art campaign on Sui.
Ika is the first sub-second MPC network, enabling zero trust interoperability between blockchains at unprecedented scale, across hundreds of signer nodes with ironclad security.
Ika aligns with Sui’s core values of performance, speed, and decentralization. With its upcoming launch on the Sui blockchain, Ika brings its unrivaled MPC technology to empower Sui Move smart contract developers with secure interoperability across all of Web3. This cements Sui’s position as the premier solution for cross-chain DeFi, decentralized custody, Chain Abstraction, AI agent guardrails, native Bitcoin programmability, and more, utilizing the first truly scalable, secure MPC signing solution.
Record-Breaking Throughput: Ika can scale to process transactions up to 10,000 times more than current MPC networks, enabling unprecedented volume.
Minimal Latency: While conventional networks can lag 30 seconds or even more, Ika can generate a signature at sub-second speed, enabling real-time applications across chains.
Extreme Scalability: Ika transcends the typical 4-8 node limit, with 2PC-MPC that can scale to hundreds and potentially even thousands of signers, bolstering decentralization without compromising performance.
Zero-Trust Security: Ika’s architecture ensures user assets remain secure even in worst-case scenarios, setting a new standard in decentralized security.
Ika’s Use Cases: A Game-Changer for Web3
Ika’s ultra-fast MPC network powers a wide range of applications on the Sui blockchain, with multiple Sui builders already building their tech utilizing Ika, including:
DeFi Interoperability: Ika’s sub-second speed and scalability enable instant and secure operations across all Web3 ecosystems, bringing liquidity from chains like Bitcoin and Ethereum to Sui. Sui builders, Full Sail and Rhei, have announced their upcoming launch utilizing Ika.
Decentralized Custody: Ika offers secure, decentralized custody solutions on the Sui blockchain for digital assets, delivering unmatched security for institutional and individual users. Sui builders, Aeon and Human Tech, have announced their upcoming integration of Ika into their tech.
Chain Abstraction: Ika allows builders on Sui to abstract the complexity of multiple chains for their users, alongside other Sui features such as zkLogin, delivering a perfect user experience. Sui builders, Covault and Lucky Kat, have announced their upcoming integration of Ika into their tech.
Programmable Bitcoin: Ika unlocks new possibilities for native BTC on Sui, with programmable and secure DeFi and custody. Sui builders, Native and Nativerse, have announced their upcoming launch utilizing Ika.
AI Agent Guardrails: Ika enhances AI applications on Sui, by providing secure MPC guardrails, ensuring AI agents don’t have full unchecked power, safeguarding users’ assets. Sui builders Atoma and Ekko have announced their upcoming launch utilizing Ika.
A Vision Supported by Industry Leaders and Embraced by the Community
Sui Foundation’s strategic investment in Ika underscores Sui’s dedication to fostering cutting-edge technologies that advance its mission of high performance and decentralization. This strengthens the technical synergy within the Sui ecosystem, positioning both Sui and Ika at the forefront of the Web3 revolution, advancing a future of secure, scalable, decentralized infrastructure.
Ika also demonstrated strong adoption from Sui users launching the “MF Squid Market” NFT art campaign, the largest and most successful NFT campaign in Sui history, receiving over 1.4M SUI, creating a strong and active grassroots community in the process.
The IKA token will soon launch natively on the Sui blockchain, unlocking new functionality and utility in decentralized security. As the native token of the Ika MPC network, IKA will play a pivotal role in powering its ultra-fast, scalable infrastructure, serving as the means to pay for MPC signing services, enabling seamless transactions across the Web3 space. By leveraging Sui’s unmatched speed and performance, Ika enhances the overall security and scalability of the ecosystem, adding the most promising MPC technology in blockchain to the fastest-growing L1 in Web3.
About Ika
Ika is the fastest parallel MPC network, offering sub-second latency, unprecedented scale and decentralization, and zero-trust security. As the premier choice for interoperability, decentralized custody, and chain abstraction, Ika is set to revolutionize digital asset security and multi-chain DeFi. Users can learn more here
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Based on the Move programming language, its object-centric model enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Users can learn more at: https://sui.io
Contact
Ika PR pr@ika.xyz
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
April 28th, 2025 – Zug, Switzerland Ika, the world’s fastest parallel MPC network, set to launch on the Sui blockchain, reveals a strategic investment from Sui Foundation after recently concluding a record-setting 1.4M SUI NFT art campaign on Sui. Ika is the first sub-second MPC network, enabling zero trust interoperability between blockchains at unprecedented scale,
The post Ika Reveals Strategic Investment From Sui Foundation, Bringing Total Funding to Over $21m appeared first on The Daily Hodl. Press Releases, sponsored
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.
