Ika Revolutionizes Blockchain with $21M Launch on Sui, Sets New Standards in Speed and Security
April 28, 2025
Ika is set to launch on the Sui blockchain, utilizing its high-performance, zero-trust interoperability to enhance decentralized applications across the Web3 landscape.
Following a record-breaking NFT campaign that sold 1.4 million SUI art pieces, Ika has secured over $21 million in funding, including a strategic investment from the Sui Foundation.
The Sui Foundation's investment underscores its dedication to advancing high-performance, decentralized technologies, positioning both Ika and Sui as frontrunners in the blockchain ecosystem.
Ika's architecture employs a novel 2PC-MPC cryptographic scheme and Sui's Mysticeti consensus protocol, enabling transaction processing speeds up to 10,000 times faster than current MPC networks.
This innovative architecture supports extreme scalability, allowing for hundreds to thousands of signer nodes, which enhances decentralization without compromising performance.
Ika's zero-trust security model ensures that user assets remain secure under all conditions, establishing a new standard in decentralized security.
Key builders in the Sui ecosystem, including Full Sail, Rhei, and Aeon, are integrating Ika technology into their projects, demonstrating significant industry adoption.
Ika aims to revolutionize digital asset security and multi-chain DeFi, significantly enhancing the overall ecosystem's speed and scalability.
With a peak private valuation of $600 million FDV, Ika is backed by major investors in the Web3 sector, reflecting strong market confidence in its potential.
Ika's technology facilitates zero-trust interoperability between blockchains, enabling secure transactions across numerous signer nodes.
The success of Ika's NFT campaign has not only solidified a vibrant community but also showcased strong user adoption, highlighting its growing influence in the Web3 space.
The Sui Foundation's commitment to fostering innovative technologies aligns with its mission of promoting high performance and decentralization within the blockchain ecosystem.
Summary based on 4 sources
Get a daily email with more Tech stories
Sources

HackerNoon • Apr 28, 2025
Ika Reveals Strategic Investment From Sui Foundation, Bringing Total Funding To Over $21m
Live Bitcoin News • Apr 28, 2025
Ika Reveals Strategic Investment From Sui Foundation, Bringing Total Funding to Over $21m
Chainwire • Apr 28, 2025
Ika Reveals Strategic Investment From Sui Foundation, Bringing Total Funding to Over $21m