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Aptos wants to change the blockchain space by creating more economic value, says co-founder TechCrunch

Welcome back Chain reactiona podcast that dives into the latest stories, background, and news featuring the biggest names in crypto.

for this week episodeI sat down with Mo Shaikh, co-founder and CEO of layer 1 blockchain Aptos. Shaikh is a three-time founder with over a decade of experience in financial services as well as blockchain technology and cryptocurrencies. He has also worked on blockchain strategic partnerships for newwallet of Meta and chief strategy officer at ConsenSys.

“When we thought about Aptos, we definitely thought that people needed a new form of sharing digital information and being able to share that information and digital economic value in more efficient ways. , which is more fair,” Shaikh said in the podcast. “That’s the mission we’re on.”

Shaikh shares: “Last year was a huge year for Aptos — the blockchain went public and raised around $400 million in funding amid the bear market. New class-ish-1 get support from big investors like Andreessen Horowitz, Circle Ventures and the now defunct company Adventure FTXto name a few.

Shaikh shared: Aptos wants to reach billions of people without interruptions or outages, and execute thousands of transactions per second and sub-second latency. “All of these combined can compete not only with previous generations of blockchains and scaling solutions that we are seeing in the market, but they are now starting to challenge the internet. and how economic and information value moves around the world. “

Shaikh said looking forward to 2023, Aptos plans to make it the “year of intention”. “I think it’s been a year of intent for the entire industry.”

There will be a new evolution to existing web3 products on the market, while the big traditional players – like it Google partnership — which previously “sitting on the sidelines” will plunge into space “in a big way,” he added.

Chain reaction launches every Thursday at 12:00 p.m. Pacific Time, so be sure to subscribe to us on Apple podcasts, Spotify or your favorite team platform to keep up with the action.



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