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Aptos’s Chief Executive Officer and Co-founder, Mo Shaikh, said Aptos wants to explore blockchain space by creating more economic value. Aptos is the Layer 1 blockchain, and is created for safe development. It is built with user experience as a core focus.
Aptos co-founder has experience in financial services as well as blockchain technology and crypto. He worked with blockchain strategic partnership for Meta’s wallet, Novi, and also was the strategy director at ConsenSys.
In a recent Podcast, Shaikh said that Aptos is on a mission where people need a fresh form of sharing information digitally. And Aptos is working on that for being able to share that information and economic value digitally in more efficient and fair ways.
Year 2022 was quite vital for Aptos as it was publicly launched and raised around $400 Million in funding even after the bearish phase of the crypto market. The blockchain received backing from major players like Andreessen Horowitz, Circle Ventures and the now-collapsed FTX Ventures.
Aptos wanted to reach billions of people without disruption and by giving thousands of transactions per second and sub-second latency.
Shaikh continued as he added that everything that ever discussed needs to be put together so it can rival not just other previous generations of blockchains and scaling solutions that everyone is watching in the industry. Still, many of them started to challenge the internet and the way economic value and information moves across the world itself.
This year, Aptos is planning to make this a “year of intention.” In addition, there will be an evolution to existing web3 products which have already been out in the crypto industry, even after the presence of big traditional players that previously sitted on the sidelines, are now starting diving into the space in a really big way.
Aptos partnered with Google Cloud in April 2022, to enable further decentralization of the Aptos network. And then in November they expanded their partnership again and revealed that Google Cloud is running a validator on Aptos.
In the same month, Aptos announced its partnership with NPIXEL, a premier Korean Triple-A gaming studio, that redefin web3 gamer experience.
At the end of 2022, Aptos shared its three-stage plan to deliver demand-driven gas costs on Aptos. According to its plan, in early January 2023, it will improve operations on NFT data to drop prices by 10x for dynamic NFTs. In Q1 2023, the blockchain will build gas-efficient data structures with end-to-end support from guides to indexing. And then in early Q2 2023, the blockchain will devise an advanced gas model that separates storage and execution costs.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
