Anapaya Systems secures USD 2 million from Mysten Labs to establish a SCION-based Web3 communication infrastructure

10.11.2023 10:06, Rita Longobardi

The investment will be used to exploit the capabilities of SCION, an innovative internet technology, to develop a reliable and advanced communication network for the Web3 ecosystem.

The foundation of the Web3 environment is built on trustless networks and decentralized applications involving multiple parties. The distinctive characteristics of Web3 require a communication fabric that is both highly secure and available, a demand unmet by traditional industry solutions with their typically centralized operations or infrastructure.

In addressing this challenge, SCION, the next-generation Internet architecture, results in being an optimal solution for Web3 communication infrastructure. Anapaya Systems and Mysten Labs, in their strategic partnership, are committed to enhancing the SCION network for Sui, establishing new benchmarks for security, availability, and performance in Web3 communications.

Anapaya's SCION solutions offer the Sui blockchain highly available connectivity across diverse parties, particularly through SCION connectivity spanning various network providers. SCION's robust design not only withstands attacks on routing protocols but also defends against DDoS flooding attacks with integrated protection mechanisms, ensuring consistently available communication. Furthermore, SCION facilitates high-performance data communication by optimizing paths and enhancing various metrics such as latency, bandwidth, jitter, and loss.

"Anapaya’s SCION-based products are about to change the Web3 landscape as we know it today. Anapaya and Mysten Labs are at the forefront of this movement, working together to empower decentralized applications and networks with SCION," said Martin Bosshardt, CEO of Anapaya Systems.

Anapaya was ranked among the TOP 100 Swiss Startups from 2020 to 2022.

Adrian Perrig (Co-Founder), Dario Colacicco (CPO), Markus Legner (Senior Software Engineer), and Samuel Hitz (CTO and Co-Founder)