The digital wallet infrastructure developer, Dynamic, has officially announced its integration of support for the Layer 1 blockchain, Sui. This significant addition marks an expansion beyond Dynamic's existing ecosystem, which includes notable platforms such as Algorand, Base, Berachain, Bitcoin, Cosmos, Eclipse, Farcaster, Solana, and various Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM) networks.

According to a recent release shared with The Block, developers utilizing Dynamic's wallet software development kit (SDK) will now enable Sui users to seamlessly access a range of decentralized applications (dApps) such as Crossmint, Relay, and xLabs. This move is aligned with the company's mission to streamline the onboarding process for users entering the crypto space.

Itai Turbahn, the CEO and co-founder of Dynamic, emphasized the importance of simplifying wallet management in fostering broader crypto adoption. In an email correspondence with The Block, Turbahn stated, "Wallet complexity is still one of the biggest blockers to crypto adoption. Dynamic's goal is to abstract that away so developers can onboard users in seconds, no matter what chain or wallet theyre using." He expressed enthusiasm about empowering more teams to leverage the robust capabilities of Sui, which is recognized for its speed, flexibility, and secure Move-based architecture.

Dynamic's overarching vision is to facilitate smoother web3 onboarding experiences for both developers and crypto users alike. To achieve this, the company is developing a comprehensive SDK alongside features focused on authentication, fraud prevention, and other essential digital asset infrastructure tools. The firm has successfully onboarded over 20 million users, collectively managing a staggering $7.2 billion worth of assets within Dynamic wallets, as noted on their official website.

Looking ahead, Turbahn revealed plans to enhance the offerings for fintech and consumer applications. He mentioned, "In the coming months, were making it even easier for fintechs and consumer apps to build experiences that make money more connected across chains and ecosystems." This includes the rollout of advanced global funding flows, server-side wallet controls, and improved authentication mechanisms for the worlds largest messaging and app platforms.

In December 2023, Dynamic successfully raised $13.5 million in Series A financing, led by a16z crypto, with additional support from prominent investors such as Founders Fund, Castle Island Ventures, Solana Ventures, and the stablecoin issuer Circle.

As of now, SUI ranks as the 20th largest cryptocurrency in the market, boasting a market capitalization of $6.9 billion, as reported by The Blocks SUI price page. This vibrant ecosystem continues to attract attention and investment, signaling a promising future for both Sui and Dynamic.

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