Ika Launches on Sui Blockchain with Strategic Investment and Record-Breaking NFT Campaign

Ika Launches on Sui Blockchain with Strategic Investment and Record-Breaking NFT Campaign

Ika, the world’s fastest parallel MPC (Multi-Party Computation) network, is set to launch on the Sui blockchain after securing a strategic investment from the Sui Foundation. This follows the successful conclusion of a record-breaking 1.4M SUI NFT art campaign, the largest in Sui’s history, which has fostered a strong and active community.

Ika’s innovative 2PC-MPC cryptographic scheme, combined with Sui’s Mysticeti consensus protocol, addresses critical limitations in existing MPC networks. It delivers unprecedented performance with record-breaking throughput, minimal latency, and extreme scalability. Ika can process transactions up to 10,000 times faster than current MPC networks, with sub-second latency and support for hundreds of signer nodes, ensuring ironclad security without compromising performance.

Revolutionizing Web3 with Ika’s Ultra-Fast MPC Network

Ika’s cutting-edge technology empowers Sui Move smart contract developers with secure interoperability across all of Web3. This positions Sui as a premier solution for cross-chain DeFi, decentralized custody, chain abstraction, native Bitcoin programmability, and AI agent guardrails. Multiple Sui builders, including Full Sail, Rhei, Aeon, Human Tech, Covault, Lucky Kat, Native, Nativerse, Atoma, and Ekko, have announced upcoming integrations of Ika into their technologies.

Industry-Backed and Community-Driven

With over $21 million in funding and a peak private valuation of $600M FDV, Ika is backed by dozens of leading Web3 investors, including Sui Foundation, DCG, Big Brain Holdings, Blockchange, Node Capital, and many more. The successful “MF Squid Market” NFT campaign, which raised over 1.4M SUI, underscores strong grassroots adoption and community support.

The Future of Web3 Security and Scalability

The upcoming launch of the IKA token on the Sui blockchain will unlock new functionality and utility in decentralized security. As the native token of the Ika MPC network, IKA will power ultra-fast, scalable infrastructure, enabling seamless transactions across Web3. By leveraging Sui’s unmatched speed and performance, Ika enhances the overall security and scalability of the ecosystem, positioning it as the most promising MPC technology in blockchain.

About Ika and Sui

Ika is the fastest parallel MPC network, offering sub-second latency, unprecedented scale, and zero-trust security. It is set to revolutionize digital asset security and multi-chain DeFi. Sui is a first-of-its-kind Layer 1 blockchain designed for fast, private, secure, and accessible digital asset ownership. Learn more about Ika and Sui at https://sui.io.