Price Data, Market Cap & News for Aptos ($APT) Cryptocurrency

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An Overview of Aptos

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Overview of Aptos

A Brief Introduction to Aptos

Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that uses a unique smart contract programming language called Move. It was developed with a vision to bring mainstream adoption to web3 and empower an ecosystem of DApps to solve real-world user problems. Aptos boasts a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.

The Creators and Major Contributors

Aptos is the creation of Mo Shaikh and Avery Ching, both former employees of Meta. Mo, the current CEO of the company, has years of experience in multinational financial services and blockchain/crypto. Ching, the CTO of Aptos, is a software engineer and was one of the principal software engineers at Meta. The Aptos team also includes researchers, designers, and engineers from Diem.

Token Supply

The native currency of the Aptos blockchain is APT. It has an initial total supply of 1 billion and a circulating supply of 130 million APT. The distribution is as follows: Community (51.02%); Core Contributors (19.00%); Foundation (16.50%); Investors (13.48%).

Purchase Locations

APT can be purchased on various cryptocurrency exchanges. As of now, the exact locations have not been disclosed. Always ensure to use a trusted and secure platform when purchasing cryptocurrencies.

Common Uses

Aptos is primarily used to power an ecosystem of DApps aimed at solving real-world user problems. Its high transaction throughput and parallel execution make it ideal for applications that require quick and efficient transactions.

Latest News and Developments

In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round. In July, the startup raised another $150 million in a Series A round led by Sam Bankman-Fried’s FTX Ventures and Jump Crypto. Binance Labs made a strategic investment of an undisclosed amount in Aptos in September, bringing its valuation to $4 billion. On Oct. 18, 2022, Aptos announced the mainnet launch, while the Aptos genesis occurred on Oct. 12, 2022.

Mainnet Launch and Funding

In recent Aptos news, the company launched its mainnet, a significant milestone in the blockchain space. This development follows a successful funding round in July, where Aptos Labs raised $150 million. The mainnet launch is expected to enhance the functionality and efficiency of the Aptos blockchain.

Partnerships and Integrations

Aptos has also been expanding its partnerships, notably integrating with Moralis, a leading web3 development platform. This integration will enable developers to build and deploy apps at scale, supporting the growth of the Aptos ecosystem. Furthermore, Aptos has received in-browser wallet support from DeFi Protocol Frontier, expanding its accessibility and usability.

Academic Collaboration and Research

Aptos Labs has shown commitment to advancing blockchain technology through research and academic collaboration. The company issued a grant to the Blockchain Lab at Cornell University, fostering innovation and learning in the field. Aptos Labs is also working on cutting-edge research, combining foundational knowledge with practical engineering skills to advance the Aptos blockchain.

Price Performance and Investment

Recent news about Aptos also highlights its strong price performance, with the Aptos token reaching an all-time high. This has sparked interest among investors, leading to increased trading volumes. If you're wondering where to buy Aptos, it's available on various cryptocurrency exchanges. However, as with any investment, it's crucial to research and understand the risks involved.