Ika, as the world's fastest parallel MPC network, is set to launch on the Sui blockchain following a strategic investment from the Sui Foundation. With its sub-second latency and ultra-high throughput technical advantages, it will bring various application scenarios such as DeFi interoperability and decentralized custody to the Sui ecosystem, promoting the development of zero-trust interoperability between blockchains.
Ika, the world's fastest parallel MPC network, is about to launch on the Sui blockchain and recently revealed that it has received strategic investment from the Sui Foundation. Previously, it successfully completed a record-breaking 1.4 million SUI NFT art event on Sui. Ika is the first to achieve a sub-second MPC network, enabling zero-trust interoperability between blockchains at an unprecedented scale, covering hundreds of signing nodes and providing rock-solid security.
Ika's core values align closely with those of Sui—performance, speed, and decentralization. With its upcoming launch on the Sui blockchain, Ika brings its unparalleled MPC technology to Sui Move smart contract developers, achieving secure interoperability across various fields of Web3. This solidifies Sui's leading position in cross-chain DeFi, decentralized custody, chain abstraction, AI agent protection, and native Bitcoin programmability, leveraging the first truly scalable and secure MPC signing solution.
Ika: Setting a New Benchmark for MPC Technology
Ika utilizes a novel 2PC-MPC cryptographic scheme and Sui's Mysticeti consensus protocol to address key limitations in existing MPC networks, delivering unprecedented performance:
Record-breaking** Throughput**: Ika can handle transaction volumes 10,000 times greater than current MPC networks, supporting unprecedented transaction volumes.
Extremely** Low Latency**: Traditional networks may experience delays of 30 seconds or longer, while Ika can generate signatures at sub-second speeds, enabling real-time applications across chains.
Extreme Scalability: Ika surpasses the typical 4-8 node limitation, with 2PC-MPC scalable to hundreds or even thousands of signers, enhancing decentralization without compromising performance.
Zero-trust Security: Ika's architecture ensures that user assets remain secure even in the worst-case scenarios, setting a new standard for decentralized security.
Ika's Application Scenarios: A Game Changer for Web3
Ika's ultra-fast MPC network powers various applications on the Sui blockchain, with multiple Sui developers already beginning to leverage Ika to build their technologies, including:
DeFi** Interoperability**: Ika's sub-second speed and scalability make it possible to perform instant and secure operations across all Web3 ecosystems, bringing liquidity from chains like Bitcoin and Ethereum to Sui. Sui developers Full Sail and Rhei have announced their upcoming use of Ika for releases.
Decentralized Custody: Ika provides secure decentralized custody solutions for digital assets on the Sui blockchain, offering unparalleled security for institutional and individual users. Sui developers Aeon and Human Tech have announced their upcoming integration of Ika into their technologies.
Chain Abstraction: Ika allows developers on Sui to abstract the complexities of multiple chains for users, combining with other Sui features like zkLogin to provide a perfect user experience. Sui developers Covault and Lucky Kat have announced their upcoming integration of Ika into their technologies.
Programmable Bitcoin: Ika unlocks new possibilities for native BTC on Sui, supporting programmable and secure DeFi and custody. Sui developers Native and Nativerse have announced their upcoming use of Ika for releases.
AI** Agent Protection**: Ika enhances AI applications on Sui by providing secure MPC protection, ensuring that AI agents do not have unchecked power, thus protecting user assets. Sui developers Atoma and Ekko have announced their upcoming use of Ika for releases.
Vision Supported by Industry Leaders, Backed by the Community
The Sui Foundation's strategic investment in Ika emphasizes Sui's commitment to promoting the development of cutting-edge technologies to advance its mission of high performance and decentralization. This strengthens technological synergy within the Sui ecosystem, placing Sui and Ika at the forefront of the Web3 revolution, jointly driving the future of secure, scalable, decentralized infrastructure.
Ika has secured over $21 million in funding, with a maximum private valuation reaching $600 million FDV, supported by numerous key players in the Web3 space, including the Sui Foundation, DCG, Brain Holdings, Blockchange, Node Capital, Amplify Partners, Liquid2 Ventures, FalconX, Tykhe Block Ventures, Lightshift, Token Bay Capital, Collider, Zero Knowledge Ventures, NoLimit Holdings, Rubik Ventures, Dispersion Capital, Insignius Capital, Impatient Ventures, Cerulean Ventures, Earl Grey Capital, HDI Ventures, Flowdesk, TPC Ventures, Purechain Capital, Solr DAO, Heroic Ventures, Naval Ravikant, NotVCs, G-20 Group, Artifact Capital, DSRV, Encapsulate, and more.
Ika has also demonstrated strong adoption among Sui users, launching the "MF Squid Market" NFT art event, which is the largest and most successful NFT event in Sui's history, raising over 1.4 million SUI and creating a strong and active grassroots community in the process.
The IKA token will soon be natively launched on the Sui blockchain, unlocking new features and utilities for decentralized security. As the native token of the Ika MPC network, IKA will play a key role in driving its ultra-fast, scalable infrastructure, serving as a means of payment for MPC signing services and enabling seamless transactions in the Web3 space. By leveraging Sui's unparalleled speed and performance, Ika enhances the security and scalability of the entire ecosystem, combining the most promising MPC technology in blockchain with the fastest-growing L1 in Web3.
About Ika
Ika is the fastest parallel MPC network, offering sub-second latency, unprecedented scale and decentralization, and zero-trust security. As the preferred solution for interoperability, decentralized custody, and chain abstraction, Ika will revolutionize the security of digital assets and multi-chain DeFi. Users can learn more here.
About Sui
Sui is the first Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Based on the Move programming language, its object-oriented model supports parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications, delivering services with unparalleled speed and low cost. Sui represents a leap forward in blockchain technology, providing a platform for creators and developers to build outstanding user-friendly experiences. Users can learn more here: https://sui.io
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