Inside the Box: How Sui’s Object Model Powers the Chasing Ghosts Launch

Most blockchains today are like one giant spreadsheet. Every row is an account, and every column tracks balances. If you send a token, the network updates two cells, yours goes down, theirs goes up. All transactions have to be processed in order, even when transactions aren’t related, creating bottlenecks.

Sui takes a different approach. Imagine a massive cloud drive, where every asset is its own file: coins, NFTs, game characters, each carrying its own data and an “ownership tag.” Moving an asset is as simple as dragging a file from one folder to another. No global spreadsheet to update, no bottlenecks.

On Sui, the real breakthrough is that a file can hold other files. Your NFT “file” could contain a “coin file” inside it. And Sui treats that ownership as native, with no escrow contracts, workaround logic, or extra layers of trust.

That may seem like a small design difference, but it has wide-reaching implications that unlock big possibilities. And it’s exactly why the upcoming Chasing Ghosts event could only happen on Sui.

Why This Event Matters

Phantom’s launch on Sui was monumental for the ecosystem.

To celebrate the expansion, we’re launching limited-edition NFTs with custom artwork from the Sui ecosystem partners. But these aren’t just collectibles — each NFT comes loaded with real rewards inside, including USDC and community tokens you can claim through TradePort.

We’re looking forward to sharing this unique functionality of Sui with the multichain community on Phantom. What can you look forward to during the launch?

• Commemorative NFTs: Three editions of custom artwork created in collaboration with leading Sui communities.
• Real Rewards Inside: Each NFT comes loaded with fungible tokens, some with larger rewards, many with smaller ones - all stored directly inside the NFT object.
• On-Chain Transparency: Because the NFTs truly own the tokens, everything is visible on-chain. You can inspect and verify what’s inside.
• TradePort Integration: Claiming rewards will be seamless through TradePort’s interface, built directly for Phantom users on Sui.

It’s a celebration of Phantom joining the network and a showcase of how Sui’s object model enables entirely new mechanics for NFTs.

Why This Could Only Happen on Sui

No other Phantom-supported chain could do this in the same way.

• On Ethereum, an NFT can’t directly hold an ERC-20 token; only a contract can.
• On Solana, an NFT might reference a token account, but that token account still belongs to a wallet, not the NFT itself.
• On Polygon, the same constraints as Ethereum apply.

Sui is different. Its object model makes native NFT-owned assets possible. This capability is what allows Phantom’s commemorative NFTs to come loaded with USDC and other community tokens, not as a contract reference or workaround, but as assets truly owned inside the NFT itself. This alignment is exactly why Phantom chose to expand here.

“When we transformed Phantom into a multichain wallet in 2023, we did so with the commitment that only the most capable chains would be integrated into the app,” said Brandon Millman, CEO of Phantom. “Sui’s focus on scalability and its superior user experience aligns perfectly with Phantom’s goal of making crypto accessible for everyone.”

Phantom’s vision and Sui’s architecture meet in this launch — showing what’s possible when user experience and protocol design are aligned.

A Glimpse of the Future

This event is just the beginning. The same mechanics that let an NFT hold USDC or community tokens can also power:

• Game characters with inventories - NFTs that carry items and currency directly inside them, changing one's appearance or abilities.
• Collectibles with built-in rewards - digital art that comes with token bonuses or other NFTs, which can be separated or combined to alter the collectible.
• Composability with DeFi - NFTs that hold fungible tokens and can be used as collateral or traded as bundles of value.

The Chasing Ghosts event is a live demonstration of this design space. It shows how Sui’s architecture unlocks one-of-a-kind possibilities for creators, developers, and collectors.

How to Participate

• Mint Date: September 11th will be the first edition. Each edition will run for 48 hours.
• Mint Price: $5 in SUI per NFT.
• Rewards: Every NFT includes fungible tokens claimable via TradePort. Within each edition, two standouts will hold significantly greater rewards.
• Stay Tuned: Follow Phantom, TradePort, and participating Sui communities for official launch details and artwork previews.

Phantom’s expansion to Sui marks a milestone, and this launch with TradePort shows why Sui’s object model matters — not in theory, but in practice. When assets themselves can own assets, entirely new possibilities emerge.

Keep your eyes on this set of editions. What will you win?