[PRESS RELEASE – New York, United States, May 19th, 2023]
Hyperspace, the pioneering NFT marketplace, and launchpad, today announced a partnership with Mysten Labs, a web3 infrastructure company and original contributor to Sui, a Layer 1 blockchain, to help bring Hyperspace onto the protocol.
As one of the leading open web marketplaces for NFTs, Hyperspace drives openness and composability in web3 through its full suite of user-friendly NFT products, allowing users to discover, trade and mint NFTs and enjoy new, immersive web3 games. Through this strategic partnership with Mysten Labs and expansion onto the Sui blockchain, Hyperspace is set to revolutionize the world of web3 gaming and NFT trading, enabling unparalleled experiences for users.
At the core of this new capability is Sui’s robust horizontal scalability and object-based model, which enables an easy-to-use developer experience and allows for efficient handling of dynamic NFTs. This breakthrough feature will serve as a catalyst for the creation of immersive web3 games, in which players can truly own and interact with their in-game assets like never before.
While Hyperspace originally launched on the Solana blockchain, and remains unwaveringly committed to supporting Solana, expanding onto Sui will enable the company to broaden its reach and empower even more developers and creators across the web3 ecosystem. Today, Hyperspace also provides NFT indexing and marketplace infrastructure to hundreds of developers on Solana and plans to provide similar services and infrastructure on Sui in an easy-to-use SDK for developers.
“We are thrilled to partner with the talented Mysten Labs team,” said Kamil Mafoud, Co-founder at Hyperspace. “This collaboration represents a significant milestone in our journey towards reshaping the web3 landscape. By harnessing the power of Sui’s horizontally scalable infrastructure, we can unlock the true potential of dynamic NFTs, enabling unparalleled experiences for gamers, creators and enthusiasts. We want to continue pushing the boundaries of what is achievable in NFT trading and utilization.”
“The integration of Hyperspace on Sui will unlock a new era of gaming experiences, characterized by unprecedented interactivity and player-driven economies,” said Evan Cheng, co-founder and Chief Executive Officer of Mysten Labs. “Hyperspace recognizes the value of building for the future of NFT trading and utilization, and we are excited that the team will be leveraging the unique technology that Sui provides for seamless developer and user experiences and rapid transaction speeds. The expansion onto Sui is a testament to Hyperspace’s dedication to exploring innovative solutions for NFT enthusiasts, and we can’t wait to support them as they continue to create new opportunities for NFT developers and collectors.”
“A truly immersive decentralized platform for managing digital assets and gaming where the user experience is on par with or exceeds those in traditional venues has the potential to bring the benefits of web3 to an entirely new, far broader set of users,” said Greg Siourounis, Managing Director of the Sui Foundation. “We are truly excited to see the Hyperspace team, which has already accomplished so much, joining the Sui community and leveraging Sui’s groundbreaking, highly scalable and performant technology to build the next level experience for gamers and NFT collectors.”
As Hyperspace embraces Sui and its game-changing capabilities, the team reaffirms its dedication to fostering innovation and revolutionizing the NFT space. By expanding its reach and continuously pushing the boundaries of what is possible, Hyperspace is leading the charge in creating a vibrant and immersive web3 gaming future, providing users with unparalleled opportunities for engagement and ownership.
Hyperspace is a multi-chain NFT marketplace, launchpad and developer platform dedicated to driving the mass adoption of digital assets. It is backed by Dragonfly, Pantera, Coinbase Ventures, and other notable funds. Hyperspace provides an intuitive and seamless platform for creators, developers, collectors, and gamers to trade and interact with NFTs. With a strong focus on innovation and user experience, Hyperspace is committed to shaping the future of NFT trading and utilization. Learn more: https://sui.hyperspace.xyz/ and https://hyperspace.xyz
About Mysten Labs
Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives of Meta’s Novi Research and include lead architects of the Diem blockchain and Move programming language. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: https://mystenlabs.com
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 a 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
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