#show-card ## Introduction [[SUI]] is a high-performance [[Layer 1]] blockchain platform developed by [[Mysten labs]]. It utilizes the [[Move]] programming language, which was originally developed by Facebook (now Meta) for its [[Diem]] (formerly [[Libra]]) project. The Move language is designed to offer a secure and verifiable environment for [[Smart contract]] programming, addressing the security and scalability issues of traditional smart contract languages. After the discontinuation of the Diem project, the Move language continued to evolve and has been adopted by emerging blockchain platforms like SUI. By leveraging Move's advantages, SUI aims to enhance blockchain throughput and reduce latency, tackling the performance bottlenecks of existing systems. This makes it suitable for a wide range of applications, including [[Decentralized finance|decentralized finance]] ([[DeFI]]), gaming, and [[NFT|NFTs]]. ## Team - [**Evan Cheng**](https://www.linkedin.com/in/chengevan/): Co-founder and CEO. Former Director of Engineering at Facebook Novi Research, he led the development of the Move programming language and the Diem blockchain. - [**Sam Blackshear**](https://www.linkedin.com/in/sam-blackshear-599b3965/): Co-founder and Chief Technology Officer (CTO). Principal designer of the Move programming language with deep expertise in smart contract security. - [**George Danezis**](https://www.linkedin.com/in/gdanezis/): Co-founder and Chief Scientist. A veteran cryptography expert who previously worked at Microsoft Research and University College London. The team's extensive experience in distributed systems, cryptography, programming languages, and blockchain technology provides a solid foundation for SUI's technical development. More info please check: https://www.rootdata.com/Projects/detail/Sui?k=Mjc5Nw%3D%3D ## Fundraising - December 2021: Completed a $36 million Series A funding round with participation from renowned venture capital firms like a16z (Andreessen Horowitz) and Lightspeed Venture Partners. - September 2022: Raised $300 million in a Series B funding round, reaching a valuation of $2 billion. Investors included FTX Ventures, [[Coinbase]] Ventures, [[Binance]] Labs, Circle Ventures, among others. ## Social Media | Platform | Link | | ------------ | --------------------------------- | | Website | [https://sui.io](https://sui.io/) | | X（Twitter） | https://x.com/SuiNetwork | | Discord | https://discord.gg/sui | | Telegram | https://t.me/SuiNetwork | | GitHub | https://github.com/MystenLabs/sui | ## Latest Updates > [!todo] > Add the latest updates