Karrier One secures investment from Sui blockchain to expand global footprint

Karrier One, the decentralized wireless network company launched last year and led by Iristel CEO Samer Bishay, announced Thursday a strategic partnership with Sui, a Layer 1 blockchain platform. Marking “a significant leap in integrating advanced telecom services with the dynamic capabilities of web3 technology,” according to a press release, the partnership includes a strategic investment from Sui that will help Karrier One to expand its Decentralized Physical Infrastructure (DePIN) technology and growing global footprint. The amount of the investment — which is coming from the Sui Foundation, an independent organization dedicated to the advancement and adoption of the Sui network —...