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

Welcome to Chain Reaction, a podcast diving into stories, backgrounds, and breaking news with the biggest names in crypto.

For this week’s episode, I 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 cryptography. He has also worked on strategic blockchain partnerships for Novi, Meta’s wallet, and served as Chief Strategy Officer at ConsenSys.

“When we think of Aptos, we certainly thought people needed a new form of digital information sharing and to be able to share that information and economic value digitally in a more efficient and equitable way,” Shaikh said. during the podcast. “That’s the mission we’re on.”

It’s been a huge year for Aptos — the blockchain launched publicly and raised about $400 million in funding amid a bear market, Shaikh explained. The new Layer 1 has 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 interruption or downtime, while delivering thousands of transactions per second and sub-second latency, Shaikh explained. “All of these things put together can not only compete with other previous generations of blockchains and scaling solutions that we see in the market, but they are now starting to challenge the internet and the way the economic value and the information moves through the world itself.”

Looking forward to 2023, Aptos plans to make it a “year of intent”, Shaikh said. “I think this is a year of intent for the whole industry.”

There will be a further evolution of existing Web3 products that have come to market, while big traditional players – like its partnership with Google – that were previously “sitting on the sidelines” will dive into the space “in a big way , ” he added.

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