Recently, the overseas community has been buzzing about the possibility of Meta collaborating with Sui. Initially, the news came from a small blogger, so I didn't pay much attention.
Now, more and more people are talking about it, so it probably isn't baseless speculation. Just like how Sui's projects had already started collaborating with Pokemon Home earlier, it's highly likely that Meta's collaboration has been finalized, and we'll hear about it soon.
Sui is probably the public blockchain that has collaborated the most with Web2 enterprises. Companies like ByteDance, Alibaba, Franklin, and major gaming firms in South Korea are all involved. Adding Meta to the list wouldn't be surprising, especially since Sui's predecessor was Meta's blockchain project, Diem.
Additionally, Sui (@SuiNetworkCN) has updated its narrative on Suibasecamp. Sui isn't just aiming to be a better public blockchain; it's striving to become the innovative infrastructure for large-scale Web3 applications in the future, enabling more internet users to enter the Web3 world. Currently, Web3 users account for only about 10% of internet users. Internet tech giants have valuations in the trillions of dollars, and interestingly, SOL's market cap happens to be in the hundreds of billions. Sui's ambition is even greater, as it aims to capture the remaining 90% of users who haven't yet entered Web3. If it succeeds, I wouldn't be surprised if its market cap surpasses SOL's.
@GiveRep
Saw this post suggesting that Sui might collaborate with Meta (Facebook) to issue a stablecoin on Sui? @SuiNetwork
Recently, there have indeed been rumors on Twitter, including hints from members of the Sui Foundation. @0xd34th said: "The meta is Sui," although he mentioned it was his personal opinion.
The author of this post, Martin Folb, is a South African electronic music producer who worked in Silicon Valley for 12 years and is also the head of Token Dynamics, a company focused on blockchain.
➤ What kind of credibility does this have!
Meta's market cap is $1.46 trillion, 100 times that of Sui. Meta has been exploring blockchain, trying to find a suitable entry point.
The early Libra/Diem stablecoin project was the most ambitious attempt, even involving industry giants like Mastercard, PayPal, and Coinbase, aiming to create a global payment network through an alliance. However, it was defeated by regulatory and political resistance, eventually selling its technical assets to Silvergate Bank.
Meta also collaborated with Polygon during the NFT craze, supporting NFT functionality on Instagram. At the time, many IG users were likely cheering.
Mysten Labs was founded by former core members of Diem, including Evan @EvanWeb3 and Sam @b1ackd0g, and inherited the Move programming language from the Diem era.
➤ This Meta rumor is so intriguing.
Meta's massive social ecosystem could bring scaled real-world users and application scenarios, which are currently the most scarce resources for most blockchains. If Meta integrates stablecoin payments into its social platforms, the transaction volume and user reach behind this could make Sui the blockchain infrastructure closest to real-world payments.
For Meta, leveraging Sui's compliance design to address regulatory scrutiny aligns with its strategic payment ambitions. For Sui, it means an opportunity to establish an unshakable industry position with the help of a major player, even before fully outperforming similar blockchains.
Regardless of whether the news is true, the previous Pokémon rumor and now this Meta news highlight Sui's potential as a technological carrier and value circulation bridge from Web2 to Web3.
Stay hydrated! Buy more Sui @GiveRep
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