Sui Partners with Franklin Templeton for Blockchain Development
SuiTier 1 Network announces new partnership with investment firm Franklin Templeton. The partnership includes a capital investment in Sui and support for the company’s blockchain development.
Although there are some vague details, the exact nature of the working relationship between the two companies remains unclear.
Sui Partner Franklin Templeton
Sui, the famous Layer-1 blockchainrecently partnership In partnership with Franklin Templeton Investments. The partnership will prioritize supporting the developer ecosystem rather than focusing directly on SUI development. The company claims that Franklin Templeton has been supporting blockchain projects since 2018, and its CEO embraces blockchain technology.
Sui claimed on social media: “Franklin Templeton Digital Assets has previously invested in the Sui ecosystem, and this new partnership will enable Sui builders to deploy new technologies on the chain by pursuing value creation opportunities. Provide further benefits.” postal.
So far, the company has not publicly revealed specific details about the partnership. Planned blockchain development. Instead, the company discussed several existing projects that caught Franklin Templeton’s attention: Decentralized Finance Central limit order book, decentralized mobile carrier and MPC network.
Nonetheless, the information does provide some clues about the investing company’s intentions. Earlier this year, Franklin Templeton explores DePin projectconsider them a potentially lucrative area of development. The company has also been Invest heavily in tokenization. It will likely help Sui by supporting blockchain developers in these areas, especially DePin.
Sui’s recent performance has been quite good. Recently, it staged a Extraordinary bull market, up 74% in one month Before hitting an all-time high on November 20, yesterday, its blockchain Block production stopped for nearly two hoursbut its token price remains stable. These fundamentals could make Sui an attractive partner for Franklin Templeton.
Franklin Templeton has yet to make any direct statement regarding the partnership. Sui also posted more developed news releasebut it did not provide information that was materially different from the talking points in its main announcement. It can be said that Franklin Templeton is investing in Sui blockchain development.
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