TechFlow News, Sui Name Service (SuiNS), the domain name service within the Sui ecosystem, has completed a seed round funding round with participation from Mysten Labs. The specific investment amount has not been disclosed.
According to reports, the MVP DApp is expected to launch on Sui in November, allowing users to experience its features and provide feedback. At that time, mechanisms and incentive frameworks will be established to prevent or eliminate domain name squatting, with no whitelist or preferential treatment. Meanwhile, the team is developing an auction contract that will allow anyone to participate simultaneously in domain name registration auctions. Additionally, the SuiNS team will collaborate with established protocols and major enterprises to ensure trademarks and known entities (such as Ethereum, Solana, etc.) can reserve domain names on the platform.Original link
