Demex Daily #364: Sui Partners with Trump-Linked WLFI for Blockchain Expansion

What’s Interesting Today:

Sui has partnered with Trump-backed World Liberty Financial (WLFI) to develop blockchain applications, boosting the SUI token’s value. The collaboration integrates Sui’s technology with WLFI’s financial strategies, incorporating its assets into WLFI’s reserve. Eric Trump praised Sui’s innovation, but some community members criticized WLFI as a “pay-to-play” scheme. Sui has experienced strong growth, while WLFI continues expanding its crypto portfolio with recent purchases.

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Sam Altman’s World (formerly Worldcoin) is launching World Chat, a new feature in its app that enables verified users to chat and send crypto payments. Currently in beta, it integrates with other mini apps to boost engagement. While competitors like Telegram, Venmo, and PayPal already offer payment features, World Chat’s focus on identity verification could appeal to those seeking secure transactions. However, concerns remain over privacy and the requirement to scan one’s iris for verification. Despite competition, its global accessibility and encryption may give it an edge in crypto-friendly markets.

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