According to official sources, PANews reports on April 29th that the parallel MPC network Ika has announced strategic investment from the Sui Foundation. Since then, Ika has raised over $21 million in funding, reaching a maximum valuation of $600 million in the private placement phase, and has gained support from dozens of institutions in the Web3 field, including Sui Foundation, DCG, Big Brain Holdings, Blockchange, Node Capital, Amplify Partners, Liquid2 Ventures, FalconX, Tykhe Block Ventures, Lightshift, Token Bay Capital, Collider, Zero Knowledge Ventures, NoLimit Holdings, Rubik Ventures, Dispersion Capital, Insignius Capital, Impatient Ventures, Cerulean Ventures, Earl Grey Capital, HDI Ventures, Flowdesk, TPC Ventures, Purechain Capital, Solr DAO, Heroic Ventures, as well as Naval Ravikant, NotVCs, G-20 Group, Artifact Capital, DSRV, and Encapsulate.
According to the introduction, Ika is a parallel MPC (Multi-Party Computation) network that will be launched on the Sui blockchain.
