Monday, December 23, 2024

Republic and DeLorean Labs Collaborate on Sui LaunchPad for Utility Tokens

Share

KEY TAKEAWAYS

  • Republic introduces Sui LaunchPad to facilitate the creation of utility tokens, supported by DeLorean Labs.
  • Sui LaunchPad integrates with Republic’s platform, marking the first non-Ethereum chain collaboration.
  • DeLorean Labs will be the inaugural token issuer on Sui LaunchPad, enhancing the Sui ecosystem’s reach.
  • This initiative aims to broaden participation in tokenized projects by leveraging Republic’s investor base.

Republic, a private investing platform, has announced the development of Sui LaunchPad, a new iteration of its launchpad platform designed to enable companies to create utility tokens. This initiative will be supported by DeLorean Labs, the Web3 arm of DeLorean Motor Company, which will serve as the first token issuer on Sui LaunchPad.

The Republic LaunchPad is a global investment platform that facilitates the introduction of innovative utility tokens to the market. It ensures compliance for Web3 communities across retail, accredited, and institutional investors. As of today, the LaunchPad will be accessible to developers and organizations aiming to launch token fundraising campaigns on Sui through the Sui LaunchPad.

Currently, Republic’s LaunchPad supports Ethereum, Polygon, Algorand, and other platforms. Sui will be the first non-Ethereum chain integrated with Republic’s LaunchPad offering. Sui LaunchPad will streamline token sales, investor access, and token distribution through an integrated ecosystem that combines regulatory compliance with investor tools.

DeLorean Labs: A Strategic Partner

DeLorean Labs, the Web3 division of DeLorean Motor Company and an active member of the Sui ecosystem, is poised to be the first issuer on Sui LaunchPad. This token issuance follows the successful minting of DeLorean’s Time Capsule NFT series, which allowed users to mint 8,800 NFTs for a chance to win various prizes, including a 2025 DeLorean EV.

Jameel Khalfan, Head of Ecosystem Development at Sui Foundation, commented on the collaboration, stating, “Thanks to Sui LaunchPad, builders on Sui will benefit massively from access to Republic’s investor base and global visibility.” He emphasized that this integration will encourage broader participation in tokenized projects, benefiting both new developers and those already working within the Sui ecosystem.

For more information, the announcement can be found here.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

Read more

Related Articles