Aquarius Fund Podcast: In-depth Discussion on the Sui Ecosystem and the Future Development of Blockchain

Aquarius Fund recently held an exciting podcast, inviting Adeniyi Abiodun, co-founder and CPO of Mysten Labs, along with two well-known Asian KOLs, Dustin and Patrick, to participate in the discussion. They engaged in an in-depth exchange on topics such as the development of the Sui ecosystem, the challenges faced by Blockchain technology, and future trends in the industry.

Latest Updates on the Sui Ecosystem

Adeniyi shared some exciting updates about the Sui ecosystem:

• The Sui consensus mechanism is about to upgrade to version two, reducing the delay from 500 milliseconds to around 300 milliseconds, making it one of the fastest consensus algorithms in the industry.

• SuiPlay0X1 gaming console is about to launch for pre-order. It is a high-performance PC handheld device that supports web2 and web3 games, allowing users to earn NFTs and own assets in the game.

• Two high-quality DeFi projects are about to join the Sui ecosystem.

• Carrier One is launching a global decentralized enterprise-level telecommunications infrastructure on Sui.

• Playtron is building a future-oriented gaming Android operating system on Sui.

• Walrus, as the first proof-of-stake storage network, is as powerful as AWS and Google.

Challenges Facing the Blockchain Industry

The guests discussed the main challenges currently facing the Blockchain industry:

1. Liquidity issue: A large amount of funds is locked in staking and venture capital, especially in Layer 1 and Layer 2.

2. Token incentive model: Overemphasis on acquiring tokens and staking, lacking truly valuable application scenarios.

3. Users adopt: More applications need to be developed that ordinary users can understand and use in their daily lives.

4. Balancing Decentralization and Performance: How to maintain high performance without sacrificing the level of decentralization.

Solutions and Future Prospects

For these challenges, the guests proposed some possible solutions:

1. Develop truly valuable applications: Create services that can be practically used in people's daily lives and generate value.

2. Games as an Entry Point: Seamlessly integrating DeFi elements through games, allowing users to unknowingly use web3 technology.

3. Enhance user experience: Simplify the user onboarding process and lower the usage threshold.

4. Technological Innovation: such as Sui's programmable transaction Block, on-chain randomness, etc.

5. Innovative token models: develop creator tokens and assets with real utility, transcending pure speculation.

6. Improve infrastructure: Build a more efficient and scalable Blockchain infrastructure.

Future Plans for Sui

Adeniyi revealed some key plans for Sui in the near future:

• Launch local stablecoin
• Launch SuiPlay0X1 game console
• Launch of Consensus Algorithm Version 2
• Introduce on-chain randomness
• Attract more developers, especially the 12 million JavaScript developers.
• Introduce more decentralized applications ( dApps )
• Improve naming services and introduce subdomains

Guests believe that Sui, as a high-performance and developer-friendly public blockchain platform, is expected to play an important role in driving the large-scale adoption of blockchain. By continuously innovating and improving its infrastructure, Sui has the potential to attract more mainstream users into the web3 world.