From Investing.com: 2024-04-09 09:31:00

dWallet Network and Mysten Labs partnered to introduce multi-chain interoperability into the DeFi ecosystem on Sui. Sui’s capabilities, low-latency, and low gas fees combined with dWallet technology will now support cross-chain interactions. Omer Sadika, Co-Founder of dWallet Network, expressed excitement about the collaboration, highlighting the benefits for DeFi and gaming on Sui.

The partnership implements dWallet’s innovative primitive using the 2PC-MPC protocol, enabling secure, non-collusive ECDSA signature generation. This industry-first protocol involves end-users and numerous nodes, ensuring a decentralized process. The collaboration also leverages dWallets with Sui’s zkLogin feature for simplified asset management across blockchains, enhancing user experience and accessibility.

Mysten Labs, the original contributor to Sui, highlighted the importance of interoperability for blockchain applications. The strategic alliance with dWallet Network promises enhanced flexibility, security, and efficiency for multichain DeFi and gaming. The collaboration aims to drive innovation, adoption, and enrich the blockchain experience for developers and users alike.

Both dWallet Network and the Sui Foundation co-hosted the Overflow hackathon showcasing their commitment to community engagement and development within the Sui ecosystem. This initiative reinforces the dedication of both projects to nurture innovation, connect with the community, and create cutting-edge applications on Sui. The partnership is set to unlock new possibilities and advance the adoption of blockchain technology.

Read more at Investing.com: dWallet Network brings multi-chain DeFi to Sui, featuring native Bitcoin and Ethereum By Chainwire