#SUI🔥 Emergence and Development of Sui (SUI)
Sui was conceived by a group of former Meta engineers who were previously involved with the internal Diem project, which aimed to create a proprietary stablecoin for the company. Led by Evan Cheng, Adeniyi Abiodun, Sam Blackshear, and George Danezis, these professionals founded Mysten Labs, the company responsible for Sui.
The initial development focused on overcoming the limitations of existing blockchains, especially in terms of scalability and cost efficiency.
After undergoing a testing period, which helped to refine its network, Sui was officially launched to the public in May 2023.
Sui has seen a significant increase in its adoption and popularity, driven by strategic partnerships, adoption by other projects, and a growing presence at industry events.
One such adoption is by the project SoWork, a metaverse that uses the Sui blockchain to manage assets such as land and achievements through NFTs.