Written by: Alex Liu, Foresight News
Financing Information and Pre-market Price
On April 28, 2025, IKA announced strategic investment from the Sui Foundation, bringing the project's total financing to over $21 million. Previously, IKA raised over 1.4 million SUI tokens by issuing THE MF SQUID MARKET NFT series on Sui, supported by institutions including DCG, Big Brain Holdings, Blockchange, Node Capital, Amplify Partners, Liquid2 Ventures, and FalconX.
Currently, the project's highest financing valuation is $600 million. On the Sui pre-market token OTC trading market PinataBot Market, IKA's fully diluted market cap has reached $1.2 billion (with low trading volume).
What is IKA, and how did it achieve such financing and valuation?
Project Background and Introduction
IKA, formerly known as "dWallet Network", will launch a parallel MPC (Multi-Party Computation) network based on Sui. With the slogan "We make all chains Sui chains", IKA is solving the cross-chain asset interoperability problem.
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