welcome back to Chain reactiona podcast that delves into stories, background, and breaking news with the biggest names in cryptocurrency.
For this week episodeI sat down with Mo Shaikh, co-founder and CEO of the Layer 1 blockchain Suitable. Shaikh is a three-time founder with over a decade of experience in financial services, as well as blockchain and cryptography. He has also worked on blockchain strategic partnerships for Novi, Meta’s wallet, and was chief strategy officer at ConsenSys.
“When we think about Aptos, we certainly think that people need a new way to share information digitally and to be able to share that information and economic value digitally more efficiently and fairly,” Shaikh said during the podcast. “That’s the mission we’re on.”
Last year was huge for Aptos: The blockchain launched publicly and raised around $400 million in funding amid a bear market, Shaikh shared. The new Layer 1 received backing from major investors like Andreessen Horowitz, Circle Ventures, and the now-defunct FTX Ventures, to name a few.
Aptos wants to reach billions of people without interruptions or downtime, while delivering thousands of transactions per second and sub-second latency, Shaikh shared. “All of these things together can rival not only previous generations of blockchain and scaling solutions that we are seeing on the market, but are now beginning to challenge the internet and the way that economic value and information moves. Worldwide. ”
Looking ahead to 2023, Aptos plans to make it an “intent year,” Shaikh said. “I think it is a year of intentions for the entire industry.”
There will be a new evolution of the existing web3 products that have been on the market, while the traditional big players, like your google association – who were previously “sitting on the sidelines” will plunge into space “in a big way”, he added.
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