Cryptocurrencies continue to make their mark globally, spurring companies to gear up for the competitive Web3 environment. The world’s most popular applications are forging partnerships in the crypto and NFT sectors, launching new products. Would TikTok stay behind? Recent news gains significance due to the company being based in China.
SUI Coin and BytePlus
ByteDance‘s technology solutions subsidiary BytePlus will be working with SUI, as announced recently. The company chose SUI as the best blockchain to offer services supporting games and social apps (according to the announcement). ByteDance is notable for owning apps like TikTok, Musically, Toutiao, BuzzVideo, and Vigo Video.
BytePlus offers various services including a content distribution network and personalization solutions. It also provides user interaction tools that utilize AR technology and data analytics, among other services.
“One such service, BytePlus Recommend, allows developers to create highly personalized applications, offering users a satisfying, tailored experience. Another service, BytePlus Effects, includes 80,000 ready-to-use stickers and effects for video applications. When combined with Sui’s unique NFT technology, these services could power groundbreaking new social applications. The technological prowess displayed by BytePlus, when merged with Sui’s next-generation innovations, will lead to innovative new services and applications.”
