Welcome back to Chain reactiona podcast that dives deep into stories, backgrounds and breaking news with the biggest names in crypto.
For this week’s episodeI 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 experience in financial services, blockchain technology, and crypto. He also worked on strategic blockchain partnerships for Novi, the wallet of Meta, and was the strategy director at ConsenSys.
“When we thought about Aptos, we definitely thought that people need a new form of digital information sharing and can share that information and economic value digitally in more efficient, fairer ways,” Shaikh said during the podcast. “That’s the mission we’re on.”
Last year was huge for Aptos — the blockchain publicly launched and raised about $400 million in funding amid a bear market, Shaikh shared. The new layer-1 received backing from major investors such as Andreessen Horowitz, Circle Ventures, and now-defunct FTX Ventures, to name a few.
Aptos aims to reach billions of people without interruption or downtime, while offering thousands of transactions per second and sub-second latency, Shaikh shared. “All these things taken together not only rival previous generations of blockchains and scaling solutions that we see in the marketplace, but they are now starting to challenge the internet and the way economic value and information move around the world itself. ”
Aptos is looking forward to 2023 and plans to make it a “year of intent,” Shaikh said. “I think it’s a year of intent for the entire industry.”
There will be a new evolution to existing web3 products already on the market, while big traditional players like it Google partnership — those previously “sat on the sidelines” are going to dive into space “in a big way,” he added.
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