Sui Network, a decentralized finance (DeFi) ecosystem, has announced a partnership with BytePlus, a unit of ByteDance, the owner of TikTok. The collaboration aims to integrate AI algorithms into the Sui Blockchain, as reported by CoinGape [27fff3f9]. BytePlus will provide services such as recommendation systems and content distribution networks to enhance the performance and delivery speed of the Sui Blockchain. Additionally, the partnership will allow Sui to combine its nodes' data with ByteHouse, a cloud-native data warehouse, for real-time and batched analysis. This integration of AI technology is expected to further strengthen the Sui ecosystem and its capabilities [27fff3f9].
The partnership between Sui Network and BytePlus comes at a time when the Sui ecosystem has been experiencing significant growth. Recent collaborations and the addition of the FDUSD stablecoin to the Sui blockchain have contributed to its expanding presence in the blockchain industry [27fff3f9].
Following the announcement of the partnership, the price of SUI surged by 7.37%, reflecting the positive market sentiment towards the collaboration and the potential benefits it brings to the Sui Network [27fff3f9].