Mysten Labs are ex-Meta Diem engineers who picked up $300M from FTX Ventures, a16z and Coinbase Ventures at a $2B valuation in Sep 2022. Launched SUI in May 2023 with one of the fastest execution models around and a very tight unlock schedule. Hit a $17B mcap on the narrative wave, now lives in the same alt-L1 graveyard as the rest of them while the chain itself stays technically impressive..