Aptos desires to shake up the blockchain area by creating extra financial worth, co-founder says

Welcome again to Chain Response, a podcast diving deep into tales, backgrounds and the newest information with the most important names in crypto.

For this week’s episode, I sat down with Mo Shaikh, co-founder and CEO of the layer-1 blockchain Aptos. Shaikh is a three-time founder with over a decade of expertise in monetary providers in addition to blockchain expertise and crypto. He additionally labored on blockchain strategic partnerships for Novi, Meta’s pockets, and was the technique director at ConsenSys.

“After we’re fascinated about Aptos, we actually thought that the folks want a brand new type of sharing info digitally and having the ability to share that info and financial worth digitally in additional environment friendly, extra truthful methods,” Shaikh mentioned throughout the podcast. “That’s the mission that we’re on.”

Final 12 months was big for Aptos — the blockchain launched publicly and raised about $400 million in funding amid a bear market, Shaikh shared. The brand new-ish layer-1 obtained backing from main buyers like Andreessen Horowitz, Circle Ventures and the now-defunct FTX Ventures, to call a number of.

Aptos desires to achieve billions of individuals with out disruption or downtime, whereas giving 1000’s of transactions per second and sub-second latency, Shaikh shared. “All these items put collectively can rival not solely different earlier generations of blockchains and scaling options that we’re seeing available in the market, however they’re now beginning to problem the web and the way in which financial worth and data strikes the world over itself.”

Trying ahead to 2023, Aptos plans to make it a “12 months of intention,” Shaikh mentioned. “I feel it’s a 12 months of intention for your entire business.”

There shall be a brand new evolution to current web3 merchandise which have been out available in the market, whereas huge conventional gamers — like its Google partnership — that have been beforehand “sitting on the sidelines” are going to dive into the area “in a giant approach,” he added.

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