The ultra-fast parallel multi-party computation (MPC) network Ika is set to launch on Sui. Recently, Ika completed an NFT art event on Sui that consumed 1.4 million SUI, setting a record on the Sui blockchain, and announced a strategic investment from the Sui Foundation. Ika is the first sub-second MPC network capable of achieving zero-trust interoperability across different blockchains, spanning hundreds of signing nodes while providing high security.
Ika aligns with Sui's core values of maintaining performance, speed, and decentralization. With Ika's launch on Sui, it will leverage its MPC technology to provide secure interoperability across all Web3 platforms for Sui's Move smart contract developers. By utilizing the first truly scalable and secure MPC signing solution, Sui will solidify its position as a leading solution in cross-chain DeFi, decentralized custody, chain abstraction, AI agent constraints, and native Bitcoin programmability.
Ika: Setting a New Benchmark for MPC Technology
Ika utilizes an innovative 2PC-MPC cryptographic scheme and Sui's Mysticeti consensus protocol, breaking through key limitations of existing MPC networks and achieving better performance:
Breakthrough Throughput: Ika can handle transaction volumes that are 10,000 times higher than existing MPC networks, achieving a significant breakthrough.
Extremely Low Latency: Traditional networks may have latencies of up to 30 seconds or longer, while Ika can generate signatures at sub-second speeds, supporting real-time cross-chain applications.
Extremely High Scalability: Ika breaks the typical limitation of 4-8 nodes, with its 2PC-MPC scalable to hundreds or even thousands of signers, enhancing decentralization without compromising performance.
Zero-Trust Security: Ika's architecture ensures the safety of user assets even in the worst-case scenarios, setting a new benchmark for decentralized security.
Ika's Use Cases: Web3 Disruptor
Ika's ultra-fast MPC network supports numerous applications on Sui, with many Sui projects leveraging Ika to build robust technologies, including:
DeFi Interoperability: Ika's sub-second speed and scalability enable all Web3 ecosystems to operate securely in real-time, bringing liquidity from blockchains like Bitcoin and Ethereum to Sui. Projects on Sui such as Full Sail and Rhei have announced plans to utilize Ika for their products.
Decentralized Custody: Ika provides secure, decentralized custody solutions for digital assets on Sui, offering high security for both institutional and individual users. Projects on Sui such as Aeon and Human Tech have announced plans to integrate Ika into their technologies.
Chain Abstraction: Ika allows projects on Sui to abstract the complexity of multi-chain for users, providing a better user experience in conjunction with other Sui features like zkLogin. Projects on Sui such as Covault and [Lucky Kat](https://www.google.com/url?q=https://www.google.com/url?q%3Dhttps://lucky-kat.
com/%26amp;sa%3DD%26amp;source%3Deditors%26amp;ust%3D1745842866450874%26amp;usg%3DAOvVaw3sH8FoASo2UdUt6cPc4K&sa=D&source=docs&ust=1745842866468917&usg=AOvVaw0SAlYDd6rCqGPUPetu3r) has announced plans to integrate Ika into their technology.
Programmable Bitcoin: Ika opens new possibilities for native BTC on Sui through programmable and secure DeFi and custody features. The Sui project Nativerse has announced plans to utilize Ika for their product launch.
AI Agent Constraints: Ika provides secure MPC constraints for AI applications on Sui, ensuring that AI agents do not have unchecked power, thus protecting user assets. The Sui projects Atoma and Ekko have announced plans to utilize Ika for their product launches.
Support from Industry Leaders and Strong Community Backing
The strategic investment from the Sui Foundation in Ika demonstrates Sui's commitment to nurturing cutting-edge technology to advance its mission of high performance and decentralization. This enhances the technological synergy within the Sui ecosystem, positioning both Sui and Ika at the forefront of the Web3 revolution, driving the future development of secure, scalable, decentralized infrastructure.
Ika has secured over $21 million in funding, with a peak private placement valuation of $600 million, and has received support from dozens of well-known VCs in the Web3 space, including Sui Foundation, DCG, Big Brain Holdings, Blockchange, Node Capital, Amplify Partners, Liquid2 Ventures, FalconX, Tykhe Block Ventures, [Lightshift](https://www.google.
com/url?q=https://www.google.com/url?q%3Dhttp://lightshift.xyz/%26amp;sa%3DD%26amp;source%3Deditors%26amp;ust%3D1745842866454809%26amp;usg%3DAOvVaw19Ll7EEKg1PpAMerNVetFi&sa=D&source=docs&ust=1745842866470108&usg=AOvVaw0eIbvTJnhD3Z3d8UAj4Jv8), 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](https://www.google.com/url?q=https://www.google.
com/url?q%3Dhttps://purechaincapital.com/%26amp;sa%3DD%26amp;source%3Deditors%26amp;ust%3D1745842866456856%26amp;usg%3DAOvVaw24ojD9jnJdM-icmhQZzZko&sa=D&source=docs&ust=1745842866470932&usg=AOvVaw1zKV8_iXE-1JFmAQtuKKzz), Solr DAO, Heroic Ventures, Naval Ravikant, NotVCs, G-20 Group, Artifact Capital, DSRV, Encapsulate, etc.
Sui users have a high acceptance of Ika. The "MF Squid Market" NFT art event initiated by Ika is the largest NFT event in Sui's history, consuming over 1.4 million SUI and establishing a strong and active community in the process.
The IKA token will soon be natively issued on Sui, unlocking new features and utilities in the decentralized security domain. As Sui's native token, IKA will play a key role in driving its ultra-fast, scalable infrastructure within the Ika multi-party computation (MPC) network and serve as a channel for payment of MPC signature services, enabling seamless transactions across the Web3 domain. By leveraging Sui's speed and performance, Ika can enhance the overall security and scalability of the ecosystem, bringing the most promising multi-party computation (MPC) technology in blockchain to the fastest-growing Layer 1 in Web3.
About Ika
Ika is a hyper-fast parallel MPC network that offers sub-second latency, strong scalability, high decentralization, and zero-trust security. As a preferred choice in the fields of interoperability, decentralized custody, and chain abstraction, Ika is committed to revolutionizing digital asset security and multi-chain DeFi. Users can click here for more information.
About Sui
Sui is a 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-centric model supports parallel execution, sub-second finality, and rich on-chain assets. With its horizontally scalable processing and storage capabilities, Sui supports a wide range of applications at extremely high speeds and low costs. Sui represents a leap in blockchain technology and is a platform that enables creators and developers to build outstanding and user-friendly projects. Users can visit https://sui.io for more information.
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