Zurich, 26.10.2023 - Anapaya Systems AG, the SCION technology provider, has
secured funding of 2 million USD from Mysten Labs, a US-based Web3
infrastructure technology company and the initial contributor to Sui blockchain
(https://sui.io/) , a first-of-its-kind Layer 1 blockchain and smart contract
platform. This investment marks the start of an innovative partnership
(https://mystenlabs.com/blog/mysten-labs-anapaya) to build a secure, highly
available and high-performance Web3 infrastructure, leveraging the SCION
next-generation Internet.
The Web3 environment is built upon the premise of trustless networks and
decentralized applications with numerous parties involved. The unique nature of
Web3 drives its need for a highly secure and available communication fabric.
Traditional industry solutions cannot provide these benefits due to their
typically centralized operations or infrastructure.
SCION, the next-generation Internet architecture, emerges as the ideal solution
for the Web3 communication infrastructure. Anapaya Systems and Mysten Labs,
through their strategic partnership, are committed to expanding the SCION
network for Sui, setting new standards for security, availability and
performance in Web3 communications.
With Anapaya's SCION solutions, the Sui blockchain will benefit from highly
available connectivity between all parties with SCION connectivity, especially
across various network providers. SCION is also designed to withstand attacks on
routing protocols and defend against DDoS flooding attacks with built-in
protection mechanisms, enabling highly available communication. Furthermore,
SCION offers high-performance data communication through path optimizations and
improvements across various metrics such as latency, bandwidth, jitter, and
loss.
Evan Cheng, CEO and Co-Founder of Mysten Labs, said, "SCION's highly secure and
efficient communication fabric will provide yet another key differentiator for
Sui, as we continue to prioritize the highest possible level of security.
Bringing better infrastructure to web3 is why Mysten Labs stepped into the space
in the first place, and we are glad to have the opportunity to do so with
Anapaya."
Adrian Perrig , Prof. Dr. ETH Zurich and SCION inventor, states "Thanks to its
decentralized and secure operation, the SCION network is a perfect match for
Web3. Through this collaboration it is very exciting to further push the
state-of-the-art in terms of security, scalability, and efficiency."
Martin Bosshardt, CEO Anapaya Systems adds, "Anapaya's SCION-based products are
about to change the Web3 landscape as we know it today. Anapaya and Mysten Labs
are at the forefront of this movement, working together to empower decentralized
applications and networks with SCION. We thank Mysten Labs for their trust and
seeing the value of this partnership for advancing their solutions."
Through this partnership, we are building a secure, available, and
high-performance SCION-based Web3 communication infrastructure, while
positioning this SCION-powered configuration as the Web3 industry blueprint to
ultimately enhance the experience for its end users across all the Web3 layers.
About Anapaya Systems
Anapaya Systems AG is a Swiss company whose goal is to build an international
ecosystem providing SCION-based services for a more reliable, secure, and stable
networking experience. Our solutions provide organizations around the globe with
a way to securely and transparently transport critical business data across the
network, sending information between corporate sites, trusted partners, and
cloud providers. Learn more: https://anapaya.net/
About Mysten Labs
Mysten Labs is a team of industry-leading experts on distributed systems,
programming languages, and cryptography, whose founders were senior executives
and lead architects of pioneering blockchain projects. The mission of Mysten
Labs is to create foundational infrastructure for web3. Learn more:
https://mystenlabs.com/
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform
designed from the bottom up to make digital asset ownership fast, private,
secure, and accessible to everyone. Its object-centric model, based on the Move
programming language, enables parallel execution, sub-second finality, and rich
on-chain assets. With horizontally scalable processing and storage, Sui supports
a wide range of applications with unrivaled speed at low cost. Sui is a
step-function advancement in blockchain and a platform on which creators and
developers can build amazing, user-friendly experiences. Learn more:
https://sui.io/
26 October 2023
