The Sui Foundation announced via a blog post on Wednesday that technology incubator Hub71, based in the United Arab Emirates (UAE), partnered with Mysten Labs to support new projects on Sui.
The partnership gives builders accepted to the incubator access to Mysten Labs' technical expertise and support, and Hub71's mentorship, resources, and global network of connections.
Through this partnership, Hub71 intends to evolve the UAE's Web3 landscape, nurturing top-tier projects on Sui and providing Sui builders resources and access from various stakeholders within Hub71’s network, the SUI Foundation added.
Sui is a Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. SUI is currently up by 1% today and is trading at $0.6159 per coin.