Today, March 6, the Sui Foundation team officially announced a significant partnership with the Trump family-backed crypto project, World Liberty Financial (WLFI). Following the presentation of this new partnership, the SUI token price rose by more than 7%.
Sui Teams Up With WLFI
In the official announcement, Sui highlighted its shared vision with WLFI for a more open and transparent financial world. Both entities began exploring product development opportunities, and WLFI plans to include Sui assets in Macro Strategy – the project's strategic token reserve. Eric Trump, a Web3 Ambassador at WLFI, expressed satisfaction with the opportunity to collaborate with Sui and explore innovative possibilities of the new deal.
A Common Vision for the Future
Evan Cheng, co-founder and CEO of Mysten Labs, the main contributor to Sui, also highlighted the great opportunities this new collaboration would bring. According to him, Sui's technology and WLFI's ambitions could help redefine how the world stores and uses assets. He emphasized the shared vision with WLFI of a future where people take back control of their finances, creations, and online agency.
SUI Price Surged
The SUI price rose following the collaboration announcement. At the time of writing, SUI is trading at $2.8 with a market cap of over $8.87 billion, up by 12% for the day.
This new collaboration with WLFI promises to strengthen Sui's market position and open up new horizons for blockchain technology development.
