Here’s How Sui’s New Academy Is Driving Blockchain Adoption

The Sui Foundation has entered into a collaboration with the American University of Sharjah to advance the web3 ecosystem.

Guy is learning at the SUI academy.
Created by Kornelija Poderskytė from DailyCoin
  • Sui Foundation has unveiled a new partnership with the American University of Sharjah.
  • The collaboration has birthed an educational academy.
  • Sui has recorded major milestones this year, surging in token price and Total Value Locked.

Sui Foundation, the organization behind the layer-1 blockchain and smart contract platform, has had a remarkable start to the year, marked by new milestones and lasting native token price upticks. 

Building on its growth momentum, the Sui Foundation has unveiled a new initiative to advance the mainstream adoption of blockchain technology.

Sui Unveils Blockchain Academy with AUS

According to a press release on Monday, February 12, the Sui Foundation has collaborated with the UAE-based American University of Sharjah (AUS) to establish the ​​AUS-Sui Blockchain Academy.

The AUS-Sui Academy will provide an educational platform dedicated to fostering the mainstream adoption of blockchain and technology within AUS’s multidisciplinary Center of Entrepreneurship, Innovation, and Sustainable Development. 

By offering insights into “contemporary and future-oriented topics,” the academy will equip aspirants with the skills and knowledge necessary to thrive in the evolving blockchain industry and address global technological challenges.

Managing Director of the Sui Foundation, Greg Siourounis, underscored the academy’s commitment to propelling the advancement of the web3 ecosystem.

“The establishment of the AUS-Sui Blockchain Academy will provide the next generation of builders and world leaders with the knowledge they will need to create web3 technology that can address global challenges,” he stated.

The latest development aligns with Sui’s positive trend over the past months, solidifying its position as a top-performing blockchain and smart contract platform.

Sui Records Major Milestones

According to data from the decentralized finance analytics platform DefiLlama, Sui currently sits among the top ten performing blockchains by Total Value Locked (TVL), surpassing notable chains including Bitcoin, Cardano and Base.

The number of cryptocurrencies deposited on the blockchain has reached an all-time high of $558 million, marking a healthy 1350% increase over the past six months and a 150% increase from its year-start value of $200 million. 

Sui’s performance underscores its impressive performance since launch, mirroring the upward tick in its token price. Currently trading at $1.76, the SUI token is up nearly 124% from its year start price range of $0.77 to $0.80.

Sui Foundation has also recently partnered with off-chain data feed Oracle Stork to integrate real-time pricing data to enhance the speed and sophistication of DeFi.

On the Flipside

  • Sui was recently caught in a regulatory debacle with South Korean authorities for alleged token manipulation and improper disclosure.
  • Payments infrastructure provider Banxa has integrated Sui to increase global user access to the blockchain.
  • In December 2023, Sui Foundation partnered with the Wheeler Institute for Business and Development at the London Business School to establish a Web3-focused program. 

Why This Matters

The establishment of the AUS-Sui Blockchain Academy will introduce blockchain education at university level, and foster the understanding and acceptance of the ecosystem among the emerging generation of industry players.

Read more on Sui’s path to becoming a top ten chain by TVL:
Sui Challenges Top 10 Spot as TVL Surges Past $418M

Crypto exchange Kraken is expanding its European regulatory base; read here to find out more:
Kraken Snags Netherlands VASP License Amid EU Expansion

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Grace Abidemi

Grace Abidemi, a cryptocurrency reporter at DailyCoin, covers industry developments and trends. She previously worked as a freelance writer. With a Bachelor's degree in German Language and certifications in marketing and storytelling, Grace creates engaging content. When not working, she's in Nigeria, mastering cooking and canvas painting, and enjoys learning about different cultures and languages.