ZAN and Mysten Labs Partner to Advance Web3 Infrastructure Development

Palo Alto, CA, August 13th, 2024, Chainwire

ZAN, the web3 technology brand of Ant Digital Technologies, plans to run a Sui RPC (NYSE:RES ) node with Mysten Labs

Mysten Labs, a web3 infrastructure company and the original contributor to the Sui blockchain, today announced a partnership with ZAN, the technology brand of Ant Digital Technologies.

With the integration of Sui, ZAN aims to accelerate the development and adoption of its web3 applications. The collaboration will focus on Mysten Labs lending technological support in two key areas: KYC infrastructure and RPC node services. ZAN will provide KYC services for projects building on Sui, contributing essential compliance solutions for the blockchain. ZAN will also officially launch RPC node services for Sui, enhancing the blockchain's scalability and accessibility for developers and users in the APAC region.

“We are excited to build a partnership with Mysten Labs. Sui is a star public chain dedicated to technology and value creation, with a rich ecosystem and diverse applications. Similarly, ZAN stems from a technology-driven team, and we are committed to building the next-generation technological infrastructure for the Web3 industry. We look forward to more technical exchanges between each other, jointly promoting innovation and development in the entire industry," said Cobe Zhang, Chief Operating Officer of ZAN.

Together, Mysten Labs and ZAN will explore building opportunities in areas such as payments, data, digital identity, and more, with the goal of delivering innovative solutions that benefit consumers, businesses, and the local community, with an eye to discovering and supporting web3 super app opportunities. Both organizations are committed to fostering a collaborative environment and look forward to sharing updates on the partnership’s milestones as they are achieved.

“We are thrilled to be working alongside the ZAN team and the broader Ant Digital Technologies, to bring an e-KYC solution to the broader digital asset ecosystem to market,” said Adeniyi Abiodun, Chief Product Officer and Co-Founder of Mysten Labs. “This collaboration marks a significant milestone for Sui and the broader web3 ecosystem in Hong Kong and the broader APAC region. By combining our strengths, we can accelerate the development of innovative applications that will benefit millions of users.”

About Sui

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences.

Learn more: https://sui.io

About Mysten Labs

Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3.

Learn more: https://mystenlabs.com

About ZAN

As a technology brand of Ant Digital Technologies for Web3 products and services, and powered by AntChain Open Labs' TrustBase open-source technical stack, ZAN provides rich and reliable services for business innovations and a development platform for Web3 endeavors. The ZAN product family includes ZAN eKYC, ZAN KYT, ZAN Smart Contract Review, ZAN Node Service, with more products being on the way.

Learn more:https://zan.top/

About Ant Digital Technologies

Ant Digital Technologies is Ant Group's digital technology subsidiary. Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, privacy computing, and security technology. Ant Digital Technologies is committed to working with partners across different industries to support small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally, and facilitate digital collaboration across industries. Revenue from Ant Digital Technologies' international business operation increased by 300% in 2023.

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This article was originally published on Chainwire

Source: Investing.com