Aptos CEO and co-founder Mo Shaikh said that Aptos hopes to explore the blockchain space by creating more economic value. Aptos is a layer 1 blockchain, built for secure development. It’s built around the user experience.
Aptos co-founder has experience in blockchain technology and crypto as well as financial services. He was involved in blockchain strategic partnerships for his Novi wallet, his Meta wallet, and was also Strategy Director for ConsenSys.
In a recent podcast, Shaikh said Aptos is on a mission where people need new ways to share information digitally. Aptos is committed to sharing that information and economic value digitally in a more efficient and fair way.
2022 was a very important year for Aptos. Aptos went public and raised around $400 million in funding, even after a bearish period in the cryptocurrency market. Blockchain has received backing from major players such as Andreessen Horowitz, Circle Ventures, and now-collapsed He FTX Ventures.
Aptos wanted to reach billions of people by delivering thousands of transactions per second and sub-second latency without interruption.
Shaikh went on to add that we need to bring together everything discussed so far, as well as other previous-generation blockchains and scaling solutions that everyone is eyeing in the industry. Yet many of them began to challenge the Internet and the very way in which economic value and information moves around the world.
This year, Aptos plans to make it the Year of Intent. Moreover, there is an evolution in the existing web3 products already out there in the crypto industry, even after the presence of the big traditional players that were previously on the sidelines have now started to leap into the space in a very big way.
Aptos partnered with Google Cloud in April 2022 to enable further decentralization of the Aptos network. And he expanded the partnership again in November, revealing that Google Cloud is running a verification tool on his Aptos.
In the same month, Aptos announced a partnership with NPIXEL, South Korea’s premier Triple-A game studio to redefine the web3 gamer experience.
At the end of 2022, Aptos shared a three-step plan for realizing demand-driven gas costs at Aptos. In early January 2023, the company plans to improve its manipulation of NFT data to reduce the price of dynamic NFTs by a factor of 10. In Q1 2023, blockchain will build gas-efficient data structures and provide end-to-end support from guiding to indexing. And early in Q2 2023, blockchain will come up with an advanced gas model that separates storage and execution costs.