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This multi-year partnership between the two players aims to provide immersive digital experiences and enhance fan engagement, showcasing the potential of Web3 technology in connecting people. In a recent development, Red Bull Formula One Racing team announced its multi-year partnership with Mysten Labs’ Sui Network. This comes less than a
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The Sui Network, backed by Mysten Labs, has announced a multi-year partnership with the Red Bull Formula One Racing Team less than a month after the blockchain’s mainnet went live.In a June 1 announcement, Sui Network said it would be the official blockchain partner of the racing team, scheduled to
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Web3 facilitator Mysten Labs will roll out immersive games on its Sui protocol next week in collaboration with select partners. Mysten Labs has revealed 11 gaming partners for its Sui blockchain network, which goes live a week from now on May 15th. In addition to generating $300 million for the Sui Mainnet launched last week,
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Top Stories This Week Coinbase could face SEC enforcement action for ‘potential violations of securities law’ Crypto exchange Coinbase received a Wells notice from the United States Securities and Exchange Commission (SEC) suggesting an upcoming enforcement action. According to Coinbase,
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As part of the agreement, debtors will sell roughly $95 million worth of preferred stock back to Mysten Labs in addition to $1 million in SUI tokens. On Thursday, March 23, debtors of the collapsed crypto exchange FTX filed a motion in the bankruptcy court seeking a $95 million stake in the
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FTX Ventures invested $101 million in Mysten Labs just months before Sam Bankman-Fried’s empire collapsed. Now, Mysten is buying back the stake (and Sui token warrants) for $96 million through bankruptcy court. Original Source
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The debtors for defunct crypto exchange FTX have approved an agreement that would sell its preferred stock in Mysten Labs, the company behind the Sui blockchain.In a March 22 filing in United States Bankruptcy Court in the District of Delaware, FTX debtors proposed a deal in which Mysten Labs and
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Mysten Labs, developer of a new blockchain project called Sui, raised $300 million in its latest funding round. The round, which was led by FTX ventures, also had the support of A16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, among others. The funds will be directed
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The startup founded by veterans of Facebook's crypto unit is reportedly raising at least $200 million led by FTX Ventures. Source
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