The Good Tech Companies - Ika Reveals Strategic Investment From Sui Foundation, Bringing Total Funding To Over $21m

Episode Date: April 28, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/ika-reveals-strategic-investment-from-sui-foundation-bringing-total-funding-to-over-$21m. Ika is the first sub-second MPC network, enabling zero trust interoperability between blockchains at unprecedented scale, across hundreds of signer nodes with i Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #ika-network, #chainwire, #press-release, #sui-blockchain, #blockchain-development, #blockchain-interoprability, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Ika is the first sub-second MPC network, enabling zero trust interoperability between blockchains at unprecedented scale. Ika aligns with Sui's core values of performance, speed, and decentralization. Sui Foundation recently concluded a record-setting 1.4M SUI NFT art campaign on Sui.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Ica reveals strategic investment from Sway Foundation, bringing total funding to over $21 million, by Chainwire. Zug, Switzerland, April 28, 2025, Chainwire, Ica, the world's fastest parallel MPC network, set to launch on the Sway blockchain, reveals a strategic investment from Sway Foundation after recently concluding a record-setting 1.4M Sway NFT art campaign on Sway. Ica is the first sub-second MPC network, enabling zero-trust interoperability between blockchains at unprecedented scale, across hundreds of signer nodes with ironclad security.

Ica aligns with Sway's core values of performance, speed, and decentralization. With its upcoming launch on the Sway blockchain, Ica brings its unrivaled MPC technology to empower SwayMove smart contract developers with secure interoperability across all of Web3. This cements Sway's position as the premier solution for cross-chain defy, decentralized custody, chain abstraction, AI agent guardrails, native bitcoin programmability, and more, utilizing the first truly scalable, secure MPC signing solution. IKA Setting new benchmarks in MPC technology

IKA leverages the novel 2PC MPC cryptographic scheme and Sway's MysticyTikensensus protocol to address critical limitations in existing MPC networks, delivering unprecedented performance. 1. Record-breaking throughput. Ica can scale to process transactions up to 10,000 times more than current MPC networks, enabling unprecedented volume. 2. Minimal latency.

While conventional networks can lag 30 seconds or even more, ICA can generate a signature at sub-second speed, enabling real-time applications across chains. 3. Extreme scalability. ICA transcends the typical 4-8 node limit, with 2 PC MPC that can scale to hundreds and potentially even thousands of signers, bolstering decentralization without compromising performance. 4. Zero Trust Security IKA's architecture ensures user assets remain secure even in worst-case scenarios, setting a new standard in decentralized security. IKA's use cases, a game-changer for WEB3IKA's

ultra-fast MPC network powers a wide range of applications on the Sway blockchain, with multiple Sway builders already building their tech utilizing Ica, including, DeFi interoperability. Ica's sub-second speed and scalability enable instant and secure operations across all Web3 ecosystems, bringing liquidity from chains like Bitcoin and Ethereum to Sway. Sway builders, Full Sail and Ray, have announced their upcoming launch utilizing Ica. Decentralized custody. Ica offers secure, decentralized custody solutions on the Sway blockchain for digital assets, delivering unmatched security for institutional and individual users.

Sway builders, Eon and Human Tech, have announced their upcoming integration of Ica into their tech. Chain abstraction. Human Tech have announced their upcoming integration of Ica into their tech. Chain Abstraction Ica allows builders on Sway to abstract the complexity of multiple chains for their users, alongside other Sway features such as ZK Login, delivering a perfect user experience. Sway builders, Covault and Luckycat, have announced their upcoming integration of Ica into their tech. Programmable Bitcoin Ica unlocks new possibilities for

native BTC on Sway, with programmable and secure DeFi and Custody. Sway Builders, native and nativeverse, have announced their upcoming launch utilizing Ica. AI Agent Guardrails Ica enhances AI applications on Sway, by providing secure

MPC guardrails, ensuring AI agents don't have full unchecked power, safeguarding users' assets. Sway builders Atoma and Echo have announced their upcoming launch utilizing IKA, a vision supported by industry leaders and embraced by the community's Sway Foundation's strategic investment in IKA underscore Sway's dedication to fostering cutting-edge technologies that advance its mission of high performance and decentralization. This strengthens the technical synergy within the Sway ecosystem, positioning both Sway and ICA at the forefront of the Web3 revolution, advancing a future of secure, scalable, decentralized infrastructure. With over $21 million in funding and a

peak private valuation of $600 million FDV, Akai is backed by dozens of key players in the Web3 space, including Sway Foundation, DCG, Big Brain Holdings, BlockChange, Node Capital, Amplify Partners, Liquid 2 Ventures, Falcon X, Tyche Block Ventures, Lightshift, Token Bay Capital, Collider, Zero Knowledge Ventures, No Limit Holdings, Rubik Ventures, no limit holdings, rubik ventures, dispersion capital, insignius capital, impatient ventures, cerulean ventures, earl grey capital, hdi ventures, flowdesk, tpc ventures, peerchain capital, solar dao, heroic ventures, naval ravikant, notvcs, g20 group, artifactifact Capital, DSRV, Encapsulate and many more. Ica also demonstrated strong adoption from Sway users launching the MF Squid Market,

NFT Art Campaign, the largest and most successful NFT campaign in Sway history, receiving over 1.4M Sway, creating a strong and active grassroots community in the process. The IKA token will soon launch natively on the Sway blockchain, unlocking new functionality and utility in decentralized security. As the native token of the IKA MPC network, IKA will play a pivotal role in powering its ultra-fast, scalable infrastructure, serving as the means to pay for MPC signing services, enabling seamless transactions across the Web3 space. By leveraging Sway's unmatched speed and performance, Ica enhances the overall security and scalability of the ecosystem,

adding the most promising MPC technology in blockchain to the fastest growing L1 in Web3. Aboutik Ica is the fastest parallel MPC network, offering sub-second latency, unprecedented scale and decentralization, and zero trust security. As the premier choice for interoperability, decentralized custody, and chain abstraction, Icaica is set to revolutionize digital asset security and multi-chain defy. Users can learn more here about SwaySway as 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. Based on the Move programming language, its object-centric model enables parallel execution, sub-second finality, and rich on-chain assets.

With horizontally scalable processing and storage, Sway supports a wide range of applications with unrivaled speed at low cost. Sway is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Users can learn more at https://sway.io contact Ica PRPR at Ika. XYZ. Tip This story was distributed as a release by Chainwire under Hacker Noon's Business Blogging Program.

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