Sui Blockchain Launched by Former Diem Developers for Web3 Scalability

Although regulatory pressure forced social media giant Meta (formerly Facebook) to sell off the Diem project to Silvergate Capital, developers from the now-defunct blockchain project continue to forge ahead with their vision. Former members of the team have now announced a protocol touted as the bedrock for web3 scalability. Following bureaucratic red-tapism and mounting constraints on Meta’s Diem blockchain, four former members from the protocol’s team formed Mysten Labs. The outfit aimed to develop a permissionless layer 1 solution optimized […]