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Sui Token Jumps 11% as Alibaba Cloud Boosts Support – Crypto News

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2 years ago

January 25, 2024

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Sui price surged almost 11% on Wednesday while maintaining a 24-hour range between $1.12 and $1.31. Sui token has increased by almost 60% in the last two weeks, based on CoinGecko analysis. The price rise on Wednesday also comes on the sidelines of Alibaba Cloud expanding its partnership with Mysten Labs, to support developers on the Sui network.

As per the statement, the collaboration introduces a suite of services and tools for the growth of the ecosystem.

The expanded offerings from Alibaba Cloud include the integration of their cloud services into Scale3 Labs’ Autopilot platform.

This integration also enables developers to deploy Sui full nodes with a single click, a significant step in simplifying blockchain technology access. Furthermore, Alibaba Cloud will offer comprehensive observability tools for blockchain nodes and validators, providing essential features like alerting, monitoring, and AI-enabled logging.

Meanwhile, Mysten Labs and ChainIDE are reportedly developing an AI-assisted tool for ChainIDE, a blockchain-focused development environment.

Sui network to bridge gaps

Mysten Labs’ collaboration with Alibaba Cloud extends beyond development tools. The partnership will support incubator projects and host hackathons in key strategic locations like Hong Kong, Singapore, and Dubai, focusing on growing the Sui network’s ecosystem.

This also aims to facilitate smoother transactions and user onboarding for builders on Alibaba Cloud.

Last year, Alibaba Cloud began tailoring services to Sui builders, focusing on secure infrastructure and archival node services.

Alibaba Cloud’s new services, including AI-enabled development environments and the translation of Move documentation into Asian languages, are set to bridge this gap of a limited pool of developers.

Alibaba Cloud’s comprehensive support for the Sui builder community extends beyond Web3 technology, blending the advantages of blockchain with user-friendly online tools. This collaboration could enhance the utility and engagement of the Sui network, offering support to developers.

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