Token

Aptos

Startups working on the Sui blockchain can get a boost from the newly launched SuiHub Global Accelerator Program. The Sui Foundation and its partners will provide up to $200,000, as well as technical and marketing support, to teams with pre-token minimum viable products. &nbsp;
Organizers of the 12-week accelerator program are looking for projects with real-world applicability and scalability that are a good match for the Sui blockchain’s capabilities. Funding will be made available based on meeting milestones of development. SuiHub will take a stake in the projects admitted to the program.
<h2 id="concentrating-on-mena">Concentrating on MENA</h2>
SuiHub’s mission is “to create a home for Sui builders” in the Middle East and North Africa. It is a joint venture between Sui and the Ghaf Group, a Dubai-based private capital firm specializing in the Web3 space.
Its Ghaf Studios will provide accelerator participants with strategy support for fundraising, marketing and tokenomics. Mysten Labs co-founder and chief cryptographer Kostas Chalkias told Cointelegraph:
<blockquote>
 “The launch of our accelerator program marks a pivotal step in empowering the next wave of innovators. At SuiHub, we are not just building projects; we are fostering a thriving ecosystem where groundbreaking ideas meet unparalleled mentorship and resources.”
</blockquote>
Mysten Labs is the developer of the Sui network.
Another partner in the accelerator is Brinc, a Hong Kong-based venture capital and accelerator firm that will provide partnership and business development support. Token listing platform CoinList will hold a token launch workshop with follow-up guidance and provide exposure to its 10 million users.
The application deadline for the program is Dec. 20.
<figure>
 <img alt="SuiHub Global Accelerator launches with $200K, expert support in MENA" src="https://s3.cointelegraph.com/uploads/2024-11/01934ab5-11ea-7430-8f00-7f4013bffcfc" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/brincvc/status/1858807259439968408" rel="noopener noreferrer nofollow" target="_blank" text="null" title="https://x.com/brincvc/status/1858807259439968408">Brinc</a>
 </figcaption>
</figure>
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/web3-made-simple-brinc-joins-forces-with-cointelegraph-accelerator" rel="null" target="null" text="null" title="null">Web3 made simple:&nbsp;Brinc&nbsp;joins forces with Cointelegraph Accelerator</a>
<h2 id="sui-provides-fast-action">Sui provides fast action</h2>
The Sui network was <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/sui-blockchain-explained-is-it-the-future-of-decentralized-networks" rel="null" target="null" text="null" title="null">launched by Mysten Labs</a> in May 2023. It features high throughput and transaction speeds; as of September 2024, it had over 18.19 million active accounts and had processed more than 4.58 billion transactions.&nbsp;
Sui <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/aptos-sets-new-record-for-daily-transactions-with-115-million-txs" rel="null" target="null" text="null" title="null">held the record for layer-1</a> blockchains of 65 million transactions in a single day until Aptos exceeded it with 115.4 million transactions in May.
Sui and Aptos use the Move programming language, which was designed for Meta’s Diem coin project and open-sourced after Diem was abandoned.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/justin-suns-sui-farming-sins-pepes-wild-run-3acs-oyster-philosophy-asia-express/" rel="null" target="null" text="null" title="null">Justin Sun’s SUI-farming sins, PEPE’s wild run, 3AC’s oyster philosophy: Asia Express</a>

SuiHub Global Accelerator launches with $200K, expert support in MENA

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Cointelegraph

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