Aptos is building a Layer 1 blockchain designed with an emphasis on absolute safety, extensible scalability, and credible neutrality — values that we know firsthand and viscerally understand

Aptos Labs is a premier Web3 studio of engineers, researchers, strategists, designers, and dreamers building on Aptos, the Layer 1 blockchain built with safety and user experience in mind, enabling developers to build scalable, future-proof applications. We are committed to developing products and applications on the Aptos blockchain that redefine the Web3 user experience. Our team of accomplished technical experts is dedicated to creating better network tooling and seamless usability to bring the benefits of decentralization to the masses. Learn more at http://www.aptoslabs.com.

Aptos

Aptos Role in the Decentralized Infrastructure The founders of Aptos Labs, Mo Shaikh and Avery Ching, started the company with the goal of making networks easier to use and giving more people access to the benefits of decentralization. The company has gotten a lot of money from trustworthy investors, which shows that it is serious about making a blockchain setting that is easy to use and works well. In order to adapt and improve speed while also offering user protections, Aptos, a next-generation Layer 1 blockchain, makes use of ground-breaking technologies and the Move programming language. This new invention represents a significant step forward in the process of combining blockchain technology with artificial intelligence, with the ultimate goal of redefining the technological environment. Exploring the capabilities of BC8.ai on the Aptos network io.net, a company that specializes in decentralized GPU processing, has partnered with Aptos Labs to expand its operations on Aptos. This alliance aims to decentralize access to the essential components of artificial intelligence (AI) by lowering computing costs and storage requirements, making machine learning more accessible and affordable. As a consequence of this collaboration, io.net's artificial intelligence (AI) products and innovations will benefit from Aptos' safety, speed, and performance capabilities. Currently, the generative artificial intelligence system known as BC8.ai, which is a product of io.net, is operating on the Aptos network and is responsible for managing more than 500,000 transactions each and every day. It is clear from this that the network is able to satisfy the requirements for high-speed and high-volume artificial intelligence. Ahmad Shadid, the Chief Executive Officer of Io.net, has underlined the necessity for a blockchain partner such as Aptos to support the firm's rising scale of innovation. This is especially important as BC8.ai and other future inference products continue to develop. If io.net and Aptos Labs decide to collaborate in the future, they will focus on developing a collection of artificial intelligence models and inference products that are designed to make use of the Aptos network for the purpose of making payments. This will further facilitate the accessibility of technologies that use artificial intelligence. Mo Shaikh, the chief executive officer of Aptos Labs, provided an overview of the goal that both companies have for the future, which is to have artificial intelligence that is decentralized and accessible. For instance, a possible product could be a payment system driven by AI that instantly spots scams and starts safe operations on the Aptos network. This partnership could change the way payments are made and processed around the world by using io.net's skill in AI technology and Aptos Labs' network infrastructure. This new way of using AI in payments would not only make them safer and more efficient, but it would also make these technologies easier for both businesses and customers to get. Vision for Accessible AI The establishment of this partnership represents a significant step towards the incorporation of Web3 technology inside the realm of artificial intelligence. With the goal of making artificial intelligence more responsible, scalable, and accessible to engineers and developers all across the globe, the aim is to be achieved. It is strongly recommended that you go to the website io.net in order to get further information on the ongoing endeavors of io.net and its collaboration with Aptos Labs. The IO Network is a decentralized physical infrastructure network of geo-distributed GPUs, and io.net is responsible for managing GPU clusters that are deployed over the IO Network. When it comes to using cases that need high processing demand and low latency, such as artificial intelligence and machine learning operations, and cloud gaming, this network, which is known as the Internet of GPUs, is aimed to provide companies and engineers with a wider range of options and lower prices. Don't forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Aptos Role in the Decentralized Infrastructure Aptos Role in the Decentralized Infrastructure The founders of Aptos Labs, Mo Shaikh and Avery Ching, started the company with the goal of making networks easier to use and giving more people access to the benefits of decentralization. The company has gotten a lot of money from trustworthy investors, which shows that it is serious about making a blockchain setting that is easy to use and works well. In order to adapt and improve speed while also offering user protections, Aptos, a next-generation Layer 1 blockchain, makes use of ground-breaking technologies and the Move programming language. This new invention represents a significant step forward in the process of combining blockchain technology with artificial intelligence, with the ultimate goal of redefining the technological environment. Exploring the capabilities of BC8.ai on the Aptos network io.net, a company that specializes in decentralized GPU processing, has partnered with Aptos Labs to expand its operations on Aptos. This alliance aims to decentralize access to the essential components of artificial intelligence (AI) by lowering computing costs and storage requirements, making machine learning more accessible and affordable. As a consequence of this collaboration, io.net's artificial intelligence (AI) products and innovations will benefit from Aptos' safety, speed, and performance capabilities. Currently, the generative artificial intelligence system known as BC8.ai, which is a product of io.net, is operating on the Aptos network and is responsible for managing more than 500,000 transactions each and every day. It is clear from this that the network is able to satisfy the requirements for high-speed and high-volume artificial intelligence. Ahmad Shadid, the Chief Executive Officer of Io.net, has underlined the necessity for a blockchain partner such as Aptos to support the firm's rising scale of innovation. This is especially important as BC8.ai and other future inference products continue to develop. If io.net and Aptos Labs decide to collaborate in the future, they will focus on developing a collection of artificial intelligence models and inference products that are designed to make use of the Aptos network for the purpose of making payments. This will further facilitate the accessibility of technologies that use artificial intelligence. Mo Shaikh, the chief executive officer of Aptos Labs, provided an overview of the goal that both companies have for the future, which is to have artificial intelligence that is decentralized and accessible. For instance, a possible product could be a payment system driven by AI that instantly spots scams and starts safe operations on the Aptos network. This partnership could change the way payments are made and processed around the world by using io.net's skill in AI technology and Aptos Labs' network infrastructure. This new way of using AI in payments would not only make them safer and more efficient, but it would also make these technologies easier for both businesses and customers to get. Vision for Accessible AI Vision for Accessible AI The establishment of this partnership represents a significant step towards the incorporation of Web3 technology inside the realm of artificial intelligence. With the goal of making artificial intelligence more responsible, scalable, and accessible to engineers and developers all across the globe, the aim is to be achieved. It is strongly recommended that you go to the website io.net in order to get further information on the ongoing endeavors of io.net and its collaboration with Aptos Labs. The IO Network is a decentralized physical infrastructure network of geo-distributed GPUs, and io.net is responsible for managing GPU clusters that are deployed over the IO Network. When it comes to using cases that need high processing demand and low latency, such as artificial intelligence and machine learning operations, and cloud gaming, this network, which is known as the Internet of GPUs, is aimed to provide companies and engineers with a wider range of options and lower prices. Don't forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: business blogging program

Revolutionizing AI: io.net and Aptos Labs Forge a Path for Decentralized Innovation

বিপ্লবী AI: io.net এবং Aptos Labs বিকেন্দ্রীভূত উদ্ভাবনের জন্য একটি পথ তৈরি করে

Revolutionäre KI: io.net und Aptos Labs ebnen den Weg für dezentrale Innovation

Revolucionando la IA: io.net y Aptos Labs forjan un camino hacia la innovación descentralizada

Révolutionner l'IA : io.net et Aptos Labs ouvrent la voie à l'innovation décentralisée

AI में क्रांतिकारी बदलाव: io.net और Aptos Labs ने विकेंद्रीकृत नवाचार के लिए मार्ग प्रशस्त किया

AI の革命: io.net と Aptos Labs が分散型イノベーションへの道を切り開く

AI 혁명: io.net과 Aptos Labs가 분산형 혁신을 위한 길을 닦습니다.

Revolucionando a IA: io.net e Aptos Labs abrem um caminho para a inovação descentralizada

Революция в области искусственного интеллекта: io.net и Aptos Labs прокладывают путь к децентрализованным инновациям

Yapay Zekada Devrim Yaratıyor: io.net ve Aptos Labs Merkezi Olmayan İnovasyona Yönelik Bir Yol Açıyor

Cách mạng hóa AI: io.net và Aptos Labs tạo ra con đường đổi mới phi tập trung

人工智能革命：io.net 和 Aptos Labs 开辟去中心化创新之路

Note: a SWOT analysis is an evaluation of the fundamental, operational, technical, social, economic, and even to some degree administrative elements of a project. This is not a model to be used for trading purposes. (NFA, DYOR) Composed of four elements, Strengths, Weaknesses, Opportunities, and Threats, a SWOT analysis framework provides excellent insight for establishing a high-level understanding of the state of a project's well-being through the lens of a birds-eye view. It can help formulate decisions around which areas require more attention, set performance goals, and organize a foundational understanding of where a project is headed. Rarely (if ever) used in crypto, it is time to apply this timeless method of evaluation to the digital asset space. Today, , the alternative, new generation layer one born from the ashes of Meta's DIEM, will get a SWOT. Aptos (APT) 💪 Strengths (Internal) (Helpful) 1. Flywheel of Innovation Aptos is consolidating the best of all worlds by applying some of the most cutting-edge designs across every element of the project. From governance optimizations that allow delegating actors the right to post independent votes, transactional optimizations separating gas payers and transaction senders, allowing sponsored/subsidized activity, functional optimizations splitting consensus away from data dissemination, improving efficiency, alongside the MOVE language, MOVEVM, AptosBFTv4, Block STM, and an ever-expanding set of AIP (Aptos Improvement Proposals), the project is in a neverending cycle of self-improvement. Obviously, many projects can lay claim to their innovations, but the reasoning behind why this is highlighted for Aptos specifically has to do with how openly available all of the information is and how relatively easily it can be accessed. 2. Derived from Meta Aptos is the result of the research and development conducted by (formerly Facebook) during their attempt to launch the cryptocurrency projects Diem and Novi. After the regulatory heat against Meta became too difficult to deal with, the infrastructure was spun off into Aptos. Inheriting all of the knowledge, corporate support, and intellectual capital, Aptos was able to raise a cool USD 400 million in 2022 on the back of its reputation/merits. Having the notoriety and prestige of association with Meta gives Aptos potentially unlimited capacity for fundraising and networking. Moreover, given the extent of private deals that take place in crypto land, it is not impossible to rule out some kind of shadowy/indirect affiliation between Meta and Aptos. Meta 3. MOVE Programming Language Originally developed by Meta for its Diem crypto project, MOVE is a functional language based on , which has become one of the most promising up-and-coming languages in the Web3 space. Avidly explored by new-generation teams today, including SUI, there is an entire ecosystem of projects now contributing to the progression and growth of MOVE. By leveraging MOVE for its architecture Aptos is building an army of powerful, specialty engineers and distinguishing itself from nearly every other project. Moreover, if the primitives that MOVE provides truly result in a user/developer experience that penetrates the mass markets, Aptos would be the thought leader in the space whom everybody else would refer to. RUST 4. Intuitive Learning Modules Developer onboarding has by far been the most critical bottleneck facing Web3 as a whole. New virtual machines, data structure, and logic already present an intellectual hurdle for devs to conquer; the onslaught of new languages has only further muddied the waters and made it that much less appealing for new programmers. Perhaps due to their experience and understanding of the Web2 world, Aptos has provided not just excellent documentation of its information but has gone beyond with tutorials in a highly comprehensive, inviting format. By reducing the friction associated with the Web3 learning curve, Aptos becomes a desirable place for new Developers to arrive. 5. Decent Decentralization With over 125 validators currently active and a Nakamoto coefficient ranging from 15–17, Aptos deserves credit for achieving a notable level of decentralization, given how still young the project is. The decentralization is achieved through coordinated efforts between early-stage participants with locked tokens and a lot of delegating power and the Aptos foundation itself, diligently spreading their votes to maximally optimize for a more even distribution. This movement (no pun intended) is counterintuitive to the centralized-overlord image many degens paint about Aptos; even if the current levels of decentralization stay steady, Aptos would be more decentralized (at the validator level) than the vast majority of the projects on the first 10 pages of CoinMarketCap. 6. Staking Ratio Over >83% Of the roughly 1,070,000,000 APT tokens in existence, there are 892,118,332 APT tokens, or just over ~83.37%, currently staked. While the caveat here is that the locked tokens belonging to early-stage investors are also staked, that remains among the highest of any tier-one staking crypto project. At this level, the staking ratio becomes a leading correlational (delayed) indicator that can be used to gauge the macro state of the network at a given moment. Based on how this metric fluctuates over time, it becomes possible to evaluate the level of conviction of the current stakeholder set and even model how the supply will flow. The most exciting change to observe will be how the unlocks impact it. 😞 Weaknesses (Internal) (Harmful) 1. Vicious APT Unlocks Upcoming Starting in December of 2023, the rate of "genesis" tokens (those allocated to early participants) coming into circulating supply will increase, set to double the total supply in 2024 alone. With roughly 300 million tokens (~30%) already in circulation, the relative amount of new tokens making their way into the marketplace will potentially result in suppressed prices during upcoming rallies as earlier investors look to offload their positions. 2. Locked Supply Staking Aptos allows for the tokens that are locked away to be staked. The tokens earned are immediately liquid, creating a conflicting set of interests between user groups. The motivation behind such a decision is understandable: to entice early-stage participants with all the more economic incentives; however, allowing for this to take place creates a closed environment where only deep-pocketed, resourceful participants amplify their control over the network. Given how disproportionately large the amount of locked tokens being staked versus free-floating tokens is, the locked staking supply makes Aptos a "Rich get Richer System." 3. Low Stablecoin Interest Stablecoins are a direct expression of a network's retail/commercial adoption. Coming in sub $50 million (USDC dominating >75% of the stable supply) and the presence of just a single project currently working within the Stablecoin segment, that is Thala with the MOD (Move Dollar), Aptos is very behind on this front. 🧐 Opportunities (External) (Helpful) 1. Pipeline of Megalodon Partners Already locked in a deal with Microsoft that brings Aptos Move to the GitHub Co-Pilot and the Microsoft AI to the Aptos community. With its strong emphasis on gaming and NFTs, Aptos has been able to secure a multitude of partnerships with prominent organizations around the world, including NeoWiz, Marblex, Lotte Group, and others. Outside of gaming, areas such as ticketing with KYD Labs and collectible community Art with NBCUniversal have also caught some recognition. Moving forward, it seems that the pace of new partnerships and their significance will only continue to increase. 2. Chingari Application Integration Ranked third by gross income and boasting over 100 million downloads from the Google app store, Chingari is considered to be one of the underdogs on the Web2 social media scene. Integrating Aptos sometime in the second half of 2023, Chingari empowered users with the ability to mint and transact in Aptos native digital assets. This single application, with its limited utilities and limited audience awareness, resulted in a quadrupling of on-chain activity. 3. Synergies with Eastern APAC Region The eastern APAC (Asia Pacific) region is a massive, developing market that has just begun to enter the crypto economy. Countries such as China, Japan, Singapore, Indonesia, Vietnam, etc., are home to highly digitized societies with a historical inclination towards gambling as a vehicle to escape their economic circumstances. Aptos has been putting forth much more effort to win the hearts of the APAC communities while the US has been stuck in regulatory limbo. If the next crypto cycle is led by non-US countries, Aptos is positioned well to capture that influx. 4. DEFI Growth Sitting at around ~80 million USD in TVL across its DEFI platforms, Aptos has a tremendous runway for new capital. Both legacy DEFI projects as well as newly built ones, stand to benefit from extending services to the Aptos Network. The lower the starting point, the greater the impact of inflows; moving TVL from ~80m to ~380m is a 375% increase, and moving it from ~380m to ~680m is 79%. 5. Integrations with External OG Protocols Alternative networks (including Ethereum, Solana, Binance, and others) have already established superiority in the degree of applications built on them. Meanwhile, Aptos is still severely behind in terms of the number of protocols in its ecosystem; there are still no EVM projects on Aptos, but SushiSwap has already announced its intentions to become the first one. 😳 Threats (External) (Harmful) 1. Layer 1 Competition Layer 1's are easily the most contended sectors of the crypto economy. Their foundational nature to the establishment of a digital financial system has attracted competition from the world's brightest and best-funded teams around the world. Putting Ethereum aside, there has been an onslaught of new generation Layer 1's, from Solana to Near to SEI, SUI, and beyond, that provide superior technological capabilities over the preceding generation projects. Moving forward, the competition that Aptos faces will continue to become more sophisticated, forcing the project to stay at the bleeding edge (or become the focal point) in order to remain relevant. Takeaway: Aptos is a serious force to be reckoned with. Positioning itself as a very smooth, no-hype, no BS, technologically heavy project, Aptos is building a professional environment catering to a unique culture. Not wasting its resources trying to battle other communities, Aptos moves forward with big, peaceful, focused strides. Conclusion: There was a lot not mentioned in this coverage, including the suave, quixotic images and qualities of technical cofounders Mo Shaikh and Avery Ching. The deep ties to Venture Capital. The social strategy. The Supply policy. Perpetual Supply inflation is an element that is economically impossible to ignore, and Aptos has it. Usually, this would be deeply scrutinized; however, at a modest 7% tapering off to 1.5% by 2032 and a minuscule burning mechanism applied to all transaction fees, this seems to be a more balanced long-term approach. In the middle of experiencing its first full cycle in crypto, The nascency of Aptos holds much promise for future waves of projects that grow the ecosystem with retroactive airdrops, potentially resulting in recursive wealth effects that spill over into the token. Thank you so much for reading, I hope this serves you well on your journey. Live long and prosper 🥂 Also published here.

The Aptos (APT) SWOT Analysis

Everscale — A Fifth-Generation Blockchain The crypto industry has already been with us for a while, and innovations are inevitably moving to the corporate and government sectors. With the , blockchain technology is going far beyond DeFi and NFTs. increased demand for remittance payment systems and integrations with central banks and governments However, with all of the variety of multichain ecosystems, there is huge demand from the corporate world to have a decentralized, scalable (estimated amount of transactions in an average country including massive peaks of usage) in a trustless way with low latency and high security. solution capable of performing fifty or one hundred thousand transactions per second , . At the same time, the Aptos mainnet was launched recently, and we’d like to dive deeper into the technical details and consider the theoretical and practical performance of the network. Those are the capabilities of a fifth-generation blockchain which is what Everscale is Aptos Is Not a Blockchain in the Classic Sense To put it simply, Aptos is a product of an acceleration of a single (one-shard) blockchain. In fact, Aptos doesn’t have any blocks. Instead, there is a sequential processing of incoming messages that consistently changes the state on all nodes. That’s how finality on Aptos can be described. Broadly speaking, Aptos is a finality algorithm rather than a classic blockchain. How Does It Work? The finality is divided into separate stages. The network receives messages and sorts them. After that, all validators receive the sorted messages and change the state on all nodes. In that way, Aptos is more of a hybrid blockchain than a classic one. That’s because state changes are made not by the propagation of finalized blocks, but by paralleled deterministic finalization on local nodes. There are no blocks in a classical sense. First, incoming messages are sorted out, and all validators come to a consensus in what order it should be applied. Afterward, state changes are being applied, and a consensus with the final state is confirmed in the end. We can compare this with a CPU design. CPUs work in a pretty similar way — there are some commands that can be executed in parallel. CPUs try to predict the upcoming commands, and if a small piece of code doesn’t require the result of a previous code, all these commands can be done in parallel. In other words, compliers optimize software to achieve such parallel execution in CPUs’ computations, and there’s simply no need to put sticks in the wheels and create software that would affect the parallel execution of a CPU. But there is a fundamental difference in a blockchain. In a public chain, it is easy to build types of smart contracts that would affect many accounts and make parallel execution impossible. , as it’s all based on the assumption that nodes cannot alter their behavior during the finalization process and follow the correct algorithm at all finality stages. This design is highly vulnerable for a public chain In a real-time environment, . The architecture and security of any decentralized system are built around the negative assumption that any nodes can be malicious but not more than 50% in total and how we can prevent an attack. it’s impossible to predict the exact behavior of users This is fundamentally important, especially because Aptos’s deterministic predictable approach is the key element in its design. But If someone wanted to spam the network, they would send transactions that affect many accounts in it. Theoretically, using a deep technical analysis, Parallel execution of transactions is possible only from real applications. it’s possible to organize an attack and slow a chain or even halt it. Transactions per Second and the Network’s Speed Block-STM is the core concept of accelerating the blockchain — this approach calculates state changes by executing transactions in parallel with further resolving of write conflicts. Media sources and articles say this approach accelerates Aptos up to 160,000 transactions per second. However, according to , modeling and tests show the Aptos whitepaper only 8–16 times acceleration compared to sequential transaction processing, which is in reality 200–500 transactions per second (general transactions from real applications but not specialized small or artificial transactions) for any single chain as practice shows. Even if we consider the maximum values (500 x 16 = 8,000 transactions per second), (up to 15,000 tps on each workchain) that’s achieved by multithreaded computations. this is far from even one workchain performance on Everscale Scaling of a Blockchain Everscale can be scaled infinitely by adding more validators and workchains. That’s why our architecture allows us to scale on demand when it requires more computations. This design can also be considered a dynamic sharding. As for Aptos, it’s a single chain . The design simply doesn’t provide for sharding. It’s not clear how it will be implemented with the current architecture. with parallel execution if transactions allow doing so Meanwhile, Everscale is capable of both data and computational sharding and it’s already in production in a real-time environment. Decentralization Speaking of the Aptos chain, all signatures collected are weighted (similar to EOS delegated Proof-of-Stake). That means validators get rewards for staking the maximum amount of tokens. without max factor restrictions, which leads to reducing decentralization The most profitable way is to run a single validator with the maximum stake. This naturally leads to the centralization of the network. Everscale has max factor restrictions. It’s simply not possible to validate with a maximum stake; if a participant wants to earn more rewards for validation, then more validators/nodes are required. Concept of Development on the Aptos Blockchain Aptos has its own programming language Move — inspired by Rust: Move, which is a new smart contract language for the crypto developers community. However, the most popular smart contract language with the big developers’ community is Solidity. For us, it is a controversial decision. A lack of tools and the need to learn a new language is a huge barrier for developers who want to join the Aptos ecosystem. Development on Everscale Why do we need to create a new language and tools for formal verification when we already have a proven one? You can write Everscale smart contracts using the following languages: due to the framework developed by Everscale community members. C, C++, and Solidity, and get almost automated formal verification Summary Aptos can be considered a greatly accelerated single chain, and it is several times faster than a normal non-sharded blockchain. However, any single-chain design eventually has its limits. Regarding the acceleration of a single chain, Aptos developed a finality algorithm based on sequential and parallel processing, but the lead to the slowing of the network and an impasse in terms of substantial growth. A reasonable question arises: impossibility of scaling and the potential wide vector of attacks “Is it a fifth generation blockchain or another attempt to build a better Ethereum?” About the Everscale network Everscale is one of the most technologically advanced blockchain networks, incorporating all of the blockchain innovations and concepts of recent years. Its versatility gives it the potential to become a decentralized hub for lots of blockchains and resource-demanding applications such as GameFi, DeFi, supply chains, etc. Due to its dynamic multithreading and sharding technology, there’s always more room to add new nodes and shards to handle any load — and that’s something that no other blockchain can offer yet. Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, and a range of decentralized browsers and wallets. More About the Everscale network: | | | | | | Website Twitter Whitepaper Github Telegram Ann Telegram Discord Photo by on Glenn Carstens-Peters Unsplash

Everscale and Aptos: A Comparison

The Gaming Revolution: READYgg and Aptos Labs Transforming the Digital Landscape In a groundbreaking move, has teamed up with to usher in a new era of gaming. This partnership is more than a mere collaboration; it represents a paradigm shift, bringing 15 million Web2 gamers into the burgeoning realm of Web3 gaming. This initiative, set in motion by READYgg’s extensive network and Aptos' cutting-edge blockchain technology, marks a seismic shift in the gaming industry. READYgg Aptos Labs READYgg: The Gateway to Web3 Gaming , a leader in blockchain and game development technology, has been at the forefront of the transition from traditional gaming to the Web3 domain. By signing over 20 major Web2 publishers, the company boasts a staggering 200 million monthly active users across a diverse library of 2,000 games. The integration of these titles into the Web3 ecosystem represents a monumental step towards merging the familiar with the revolutionary. READYgg Pioneering Titles Making the Leap Among the exciting titles transitioning to Web3 are the roguelike dungeon crawler "Runestone Keeper" and the action-packed "Rescue Robots Sniper Survival". Additionally, platforms like Minijuegos and ToroFun are not just making the shift but are also incorporating innovative NFT-based loyalty systems. This move underscores the commitment to enhancing the gaming experience with Web3 elements, offering players a unique and enriched playing environment. Aptos Labs: The Backbone of the New Gaming Experience Aptos Labs, co-founded by industry visionaries Mo Shaikh and Avery Ching, brings to the table its next-generation Layer 1 blockchain technology. Known for its breakthroughs in network tooling and usability, Aptos is poised to provide the necessary infrastructure for this ambitious endeavor. The partnership will leverage the Aptos blockchain's fast time-to-finality, a crucial feature for ensuring seamless gameplay in the Web3 space. A Network Built for the Future The Aptos Network, with its innovative programming language and technology, is designed to evolve continuously. This characteristic is vital in a landscape as dynamic and rapidly changing as blockchain gaming. The commitment of Aptos to enhance performance and user safeguards aligns perfectly with READYgg's vision of a seamless transition to Web3 gaming. The Synergy of READYgg and Aptos This collaboration between and is more than just a technical alliance. It is a union of visions, where both entities aim to democratize access to Web3 gaming. READYgg brings to the table its robust tools and ecosystem designed to facilitate the creation of Web3 games. In contrast, Aptos provides the technological backbone with its high-performance blockchain. READYgg Aptos Labs Funding the Future READYgg, through its $RDYX token, offers potential funding or grants to publishers entering the Web3 realm. This initiative, combined with Aptos' predictable usage fees, provides a stable and supportive environment for publishers transitioning to blockchain-based gaming. The Voices Behind the Vision David S. Bennahum, CEO & Co-Founder of READYgg, emphasizes the company's commitment to bridging Web2 games with Web3. His vision of seamlessly integrating traditional gamers into the blockchain world is now becoming a reality. Christina Macedo, COO & Co-Founder of READYgg, highlights the ease of transition for millions of Web2 gamers, ensuring that the focus remains on fun and engagement, free from the complexities often associated with blockchain technologies. Mo Shaikh, Co-Founder & CEO of Aptos Labs, underscores the partnership's potential to accelerate the delivery of high-quality Web3 games and user experiences, enriching the gaming landscape with unique and ownable assets. The Broader Impact: A Gateway to Emerging Markets READYgg's vision extends beyond just integrating existing gamers into Web3. It aims to open doors for billions, especially in emerging markets, to access and appreciate the new gaming world. The company's tools and ecosystem are designed to democratize Web3 game creation, paving the way for true mass adoption. A New Chapter in Gaming The READYgg and Aptos Labs partnership is more than a technological advancement; it is a cultural shift. By bringing 15 million Web2 gamers into the fold of Web3, they are not just changing how games are played; they are redefining the gaming experience itself. This initiative promises to bring unparalleled user experiences, on par or even superior to traditional Web2 gaming, setting a new standard for the industry. As the worlds of Web2 and Web3 converge, the future of gaming looks brighter and more exciting than ever. Don’t forget to like and share the story! : Vested Interest Disclosure This author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program

Bridging Worlds: READYgg and Aptos Labs Unite to Revolutionize Web3 Gaming

ব্রিজিং ওয়ার্ল্ডস: READYgg এবং Aptos ল্যাবস Web3 গেমিংকে বিপ্লব করতে একত্রিত হয়েছে

Brückenschlag zwischen Welten: READYgg und Aptos Labs vereinen sich, um Web3-Gaming zu revolutionieren

Uniendo mundos: READYgg y Aptos Labs se unen para revolucionar los juegos Web3

Bridging Worlds : READYgg et Aptos Labs s'unissent pour révolutionner le jeu Web3

ब्रिजिंग वर्ल्ड्स: रेडीग और एप्टोस लैब्स वेब3 गेमिंग में क्रांति लाने के लिए एकजुट हुए

世界の橋渡し: READYgg と Aptos Labs が連携して Web3 ゲームに革命を起こす

세계 연결: READYgg와 Aptos Labs가 연합하여 Web3 게이밍에 혁명을 일으키다

Bridging Worlds: READYgg e Aptos Labs se unem para revolucionar os jogos Web3

Соединяя миры: READYgg и Aptos Labs объединяются, чтобы совершить революцию в играх Web3

Dünyalar Arasında Köprü Kuruyor: READYgg ve Aptos Labs Web3 Oyunlarında Devrim Yaratmak İçin Birleşiyor

Kết nối các thế giới: READYgg và Aptos Labs hợp tác để cách mạng hóa trò chơi Web3

连接世界：READYgg 和 Aptos Labs 联手革新 Web3 游戏

The Noonification: Aptos Fumbles and Why a Killer App Wins Versus L1 (10/21/2022)

Hi folks 🙋🏻‍♂️, What a messy week it has been for crypto. If last week’s theme was exploits, this week’s seems to be regulatory scrutiny. Reuters published an investigative piece on Binance, Visa & Mastercard drew government scrutiny over crypto-linked debit cards, and Sam Bankman-Fried is being investigated by the Texas securities regulator. I always tell people that when every piece of news sounds bad, it’s a sign that we’re nearing the bottom. Today we’re covering Aptos, the new L1 blockchain darling of Silicon Valley and VC firms. Aptos launched its mainnet and it has been a clown show thus far. Let’s get straight into it. Building a Layer 1 Is Hard Aptos is a new L1 blockchain with in total funding. It was created by former Meta employees, Mohammad Shaikh and Avery Ching, who previously worked on Meta’s failed stablecoin project. Aptos is valued at $4 billion pre-launch, even in the current macroeconomic environment. Honestly, props to them. Three months after its Series A, Aptos launched its mainnet, which went live on October 17, 2022. Thus far, it hasn’t been a good day on Crypto Twitter for the Aptos team. $350M+ In crypto, it’s almost always easier to fix the tech than to fix the community. Aptos needs to double down hard on its community management, communication, and transparency after the level of incompetency that it shows during the first week. https://twitter.com/smsunarto/status/1582116739231277057?s=61&t=MWrN017OyocxrZH9poGuLA?embedable=true So what’s going on with Aptos and why is building a new Layer 1 blockchain network extremely difficult? In this piece, we break down everything that has been happening with Aptos in the past 48 hours and explain why crypto development often has the wrong focus. Here are the quick takeaways: Ultimate transparency is the bedrock of crypto because of its community-first component — Aptos didn’t do a good job. Replicating the grassroots organic growth and network effect of Ethereum (and other successful L1) is difficult. Historically, there hasn’t been a lot of successful L1s when we consider the amount of time, effort, and capital associated with the protocols. Founders might have a better chance of finding product-market fit building application layer projects. Top protocols with PMF are considering transitioning into their own appchains. https://pensivepragmatism.substack.com/?embedable=true Outright Recklessness In the past 48 hours alone, there have been multiple unprofessional practices from the Aptos team. I think the last sentence is pretty charitable given Aptos’ caliber of a project. Here are some highlights and top tweets. Unclear Tokenomics. The very basic thing that any crypto project with a token needs to get right is being 100% transparent about its token. This includes token supply distribution, use cases, mechanisms, and much more. Aptos launched without official tokenomics documentation, although they eventually it after much criticism from Crypto Twitter, and after a leak from Upbit. posted https://twitter.com/lawmaster/status/1582247876821798912?s=61&t=TYR-U-VYVr4SlwkCEDIQpw?embedable=true Unclear Communication. Aptos did not make it clear that the Genesis of its chain occurred on October 12, five days before the “official” mainnet launch. This was eventually by its CEO but required many deliberations from the Crypto Twitter community to figure out prior to the official announcements. Large entities are already staking beforehand. clarified https://twitter.com/paulfidika/status/1582386284634390529?s=61&t=zxflklexXPjF5VEWgcmgTA?embedable=true Aptos enables vested tokens to be staked and for the subsequent staking token rewards to be liquid. With more than 80% of the current supply staked at a 7% yield, there are approximately 56 million APT tokens (80% * 1 billion total supply) released annually into the market — or roughly equivalent to $350M+ of annual sell pressure at $7 per APT. https://twitter.com/hsakatrades/status/1582293886092730370?s=61&t=KZFbOAaXrUPo2dIdRx0qvQ?embedable=true Confusing Terminologies. Aptos stated that 51% of its tokens are for the “community”. However, the word community here means a split between the Aptos Foundation and Aptos Labs, indicating that the only way coins will ever get into the hands of the “community” is if the Aptos Foundation or Labs allow it to happen. https://twitter.com/paulfidika/status/1582386287473876992?s=61&t=MWrN017OyocxrZH9poGuLA?embedable=true Airdrop Issues. Aptos conducted an airdrop without proper mechanics, enabling the opportunistic actor to launch a Sybil attack. Aptos also mandated some form of web 2.0 log-in or identification (Google, Discord, or GitHub) in order to be eligible for the airdrop. https://twitter.com/sassal0x/status/1582534270446231552?s=61&t=-ImNqdKDPv-GySU2wWuSgw?embedable=true https://twitter.com/wublockchain/status/1582541029135175680?s=61&t=TYR-U-VYVr4SlwkCEDIQpw?embedable=true Postponing Perpetuals. When a project has to ask a major centralized exchange not to list the perpetual contract of its token, it’s an indirect admission of an imbalance token supply design. Aptos knows that market participants will take advantage of the unclear tokenomics (at least it was unclear at the beginning), and the fact that staking rewards are liquid. https://www.binance.com/en/support/announcement/f9df5bba5e1c4f1e9289240d0f9344e2?embedable=true https://twitter.com/cryptanzee/status/1582348599450820613?s=61&t=f20KzxJ6ClMD5bOlsT0j5w?embedable=true Solana Is an Anomaly A lot of people seem to forget that betting on the new L1 has always been the biggest game in town. There are ludicrous financial incentives for founders and investors to fund L1 because of its TAM and the amount of capital they can rack up without ever needing to achieve success in any sort of meaningful and sustainable way. You can have years of runways, practically wait out the Fed interest rate cycle, and raise more capital as needed. However, there have not been many successful L1s. Solana’s success was unique and an anomaly. Many VCs unsurprisingly want to replicate Multicoin’s and SBF’s 10,000% return with Solana, but history has shown that investing in L1 is hard. Multicoin had its losses with EOS, and there were multiple other L1 projects of the 2017-2018 era that never really made a return (NEO, ICX, and ZIL; to name a few). Even if you have a massive war chest, there are external components that can make or break an L1. Oftentimes, the amount of work and impact that the team behind L1 can put into these external factors are limited. Nurturing an organic community, a cult-like following, and a niche sector within the space is not just about spending capital. EOS raised billions but failed to produce the same level of outcomes as Solana. Other well-capitalized L1s in the past few years are making strides, but have not achieved any traditional form of success in any meaningful way when you consider the amount of capital raised. L1 also needs to ride a wave or at least put a strong focus on and dominate one aspect of the crypto space. Solana rode the NFT wave. What wave is there right now? Additionally, unless you’re exceptionally well connected and have the appropriate background to launch a new L1, founders are better off finding product-market fit with application layer projects. Successful protocols with PMF, such as Axie and dYdX are considering transitioning into their own appchain to have improved performance and greater customizability. It seems like we’re moving more and more into a world where a successful dApp can just pivot to another L1 or become its own appchain, whereas a successful L1 needs to ensure the successful dApps stay on their chain — anyway, that’s for another post. The Wrong Focus Developing a new L1 from scratch is extremely difficult. You’re not only building a product, but also an ecosystem and a community in a decentralized open-source world without any Intellectual Property defensibility. Any work that you put out there can be replicated and duplicated by other entities. All of this while you need to focus on garnering developers’ interest, creating a thriving community, and attracting end-users to your ecosystem. Compare this to a dApp or an appchain, where the customer acquisition focus is much simpler: focus on the end-users. Although we will most definitely see a multi-chain future. The majority of crypto users have shown that they don’t care about idealistic differentiators. They simply want to use the best product or the one that can make them the most money. The rise of new L1s has shown that we’re missing the point on what actually matters. We need a much stronger focus on building tangible, usable apps for everyday crypto users — instead of competing for the same existing market over and over again. https://twitter.com/nosleepjon/status/1582218283293368320?s=61&t=TYR-U-VYVr4SlwkCEDIQpw?embedable=true Atoms and Bits In crypto, we often focus on bits but forget about atoms. The markets love bits-based companies when the macro environment is risk-on, and vice-versa when it’s risk-off. Despite the growth of blockchain technology in the past few years, the significant majority of crypto is still only focusing on bits. Sure there are projects such as Helium that have physical devices in their business model, but there aren’t many. I believe for crypto to reach $5 trillion in market cap during the next cycle, we need more focus on building atoms-based crypto businesses, ranging from a crypto-native point of sales system to mobile phones, and many more. The strongest tech company in the world is Apple. It’s both atoms and bits. With a flip of a switch, Apple decimated billions of dollars in value from Google and Meta advertising business. For crypto to truly thrive, the industry needs more companies that deal with atoms. Until next time, Marco M. If you enjoy this piece, please consider subscribing below to get it in your inbox early! https://pensivepragmatism.substack.com/?embedable=true Disclaimer, NFA, all that legal stuff: All the information presented on this publication and its affiliates is strictly for educational purposes only. It should not be construed or taken as financial, legal, investment, or any other form of advice. Also Published Here

Aptos Fumbles and Why a Killer App Wins Versus L1

Aptos Fumbles y por qué una aplicación Killer gana Versus L1

Aptos Fumbles et pourquoi une application tueuse gagne contre L1

Aptos Fumbles and Why a Killer App जीतता है बनाम L1

Aptos の失敗とキラーアプリが L1 に勝つ理由

Aptos Fumbles e por que um aplicativo matador vence contra L1

Aptos Fumbles và tại sao ứng dụng Killer lại thắng so với L1

Aptos 失败以及为什么杀手级应用程序与 L1 相比获胜

When starting a new project, it’s important to make the right choices about the blockchain and smart contract language. These choices can significantly impact the overall success of your project as well as your success as a developer. web3 In this article, we'll compare three popular smart contract programming languages: Solidity: used in Ethereum and other EVM-based platforms Cadence: used in the Flow blockchain Move: used in the Sui/Aptos blockchain We'll explain the concepts and characteristics of each language in simple terms, making it easier for beginners to understand. Let’s dive in. Solidity: The Foundation of Ethereum Smart Contracts is a high-level, object-oriented language used to build smart contracts in platforms like Ethereum. Initially, Solidity aimed to be user-friendly, attracting developers by resembling JavaScript and simplifying learning. While it still values user-friendliness, its focus has shifted to enhancing security. Currently, Solidity . Solidity has quite a few security pitfalls developers need to be aware of Some Solidity features include: Solidity uses clear, explicit code with a syntax similar to JavaScript, prioritizing ease of understanding for developers. Syntax and Simplicity: Solidity emphasizes secure coding practices and highlights risky constructs like gas usage. Security Focus: The language enforces data type declarations for variables and functions. Statically Typed: Solidity supports features like inheritance, libraries, and complex user-defined types. Inheritance and Libraries: Cadence: Empowering Digital Assets on Flow is designed by Flow, a blockchain known for helping to make web3 mainstream and working with major brands like Disney and the NBA. It ensures secure, clear, and approachable smart contract development. Cadence Some Cadence features include: The language enforces strict type-checking to prevent common errors. Type Safety: **Resource-oriented Programming:**Resources are unique types that can only move between accounts. They can’t be copied or discarded. If a function fails to store a Resource obtained from an account in the function scope during development, then semantic checks will show an error. The run-time enforces the same rules in terms of allowed operations. Contract functions that don’t handle Resources properly in scope before exiting will stop. These Resource features make them perfect for representing both fungible and non-fungible tokens. Ownership is tracked according to where they are stored, and the assets can’t be duplicated or lost since the language enforces correctness. If one person wants to access another person's stored items, the first person needs a permission called a . Using Capabilities allows you to let others access your stored items remotely. There are two types of Capabilities: public and private. If someone wants to allow everyone to access their items, they can share a public Capability. For example, an account can use a public Capability to accept tokens from anyone. On the other hand, someone can give private Capabilities to certain people, allowing them to access only certain features. For example, in a project with unique digital items, the project owner might grant an "administrator Capability" that lets those users create new items. Capability-based Security: Capability Functions have predefined conditions for safer execution. Built-in Pre- and Post-Conditions: Cadence's focus on resource-oriented programming makes it ideal for managing digital assets in areas such as onchain games. Optimized for Digital Assets: To grasp the importance of these new ideas, let's take a quick look at some history. In 2018, the Dapper Labs team began working on Cadence as a new programming language. They faced challenges with Solidity because of its limitations. The main frustration in building decentralized apps came from the way contracts were accessed using addresses, making it difficult to combine contracts. Freedom from msg.sender: Composability in Web3 Now, imagine contracts as Lego building blocks. Composability in web3 means one contract can be used as a foundation for others, adding their features together. For instance, if a contract records game results on a blockchain, another contract can be built to show the best players. Another one could go even further and use past game results to predict future game odds for betting. But here's the catch: Because of how Solidity works, contracts can only talk to one another if the first contract has permission to access the second one, even if users can access both. In Solidity, who can do what is controlled by protected functions in contracts. This means contracts know and check who is trying to access their protected areas. Cadence changes how access works. Instead of using the old way where contracts need permission, it uses Capabilities. When you have a Capability, you can use it to get to a protected item such as a function or resource. This means the contract no longer has to define who's allowed access. You can only get to the protected item if you have a Capability, which you can use with "borrow()." So, the old "msg.sender" way isn't needed anymore! The effects of composability are important. When contracts don't need to know beforehand who they're interacting with, users can easily interact with multiple contracts and their functions during a transaction if they have the right permissions (Capabilities). This also allows contracts to interact with one another directly without needing special permissions or preparations. The only condition is that the calling contract must have the required Capabilities. Move: Safeguarding Digital Assets on Sui/Aptos , used in the , addresses challenges posed by established languages like Solidity. It ensures scarcity and access control for digital assets. Move Sui/Aptos blockchain Move’s features include: : Move prevents the creation or use of assets more than once, ensuring robust blockchain applications. Preventing Double-spending : Developers have precise control over ownership and associated rights. Ownership and Rights Control : In Move, a smart contract is called a module, emphasizing modularity and organization. Module Structure : Move employs static analysis to reject invalid bytecode, enhancing security. Bytecode Verifier : Move includes a standard library for common transaction scripts. Standard Library Creating Smart Contracts Let's illustrate the differences by comparing a simple smart contract that increments a value in Cadence, Solidity, and Move. Solidity Example In Solidity, creating a contract that increments a value involves defining a contract, specifying the count variable, and creating functions to manipulate it. It uses explicit syntax for variable visibility and function declarations. // SPDC-License-Identifier: MIT pragma solidity ^0.8.17; contract Counter { uint public count; // function to get the current count function get() public view returns (uint) { return count; } // function to increment count by 1 function inc() public { count += 1; } // function to decrement count by 1 function dec() public { count -=1; } } Cadence Example Cadence's approach to incrementing a value is similar but emphasizes clarity. It utilizes a resource-oriented structure and straightforward syntax, making it easier for developers to create and manage digital assets. pub contract Counter { pub var count: Int // function to increment count by 1 pub fun increment() { self.count = self.count +1 } // function to decrement count by 1 pub fun decrement() { self.count = self.count – 1 } pub fun get(): Int { return self.count } init() { self.count = 0 } } Solidity versus Cadence Syntax Differences In Solidity, the visibility keyword comes before or after variable/function names, whereas Cadence consistently follows the visibility-type-name sequence. Scalability and Upgradability Flow's network boasts higher transaction throughput than Ethereum, making Cadence more scalable. Additionally, Flow's support for contract updates enhances development. Move Example Move introduces new concepts like modules, resources, and ownership control. A Move module creates an Incrementer resource, requiring the owner's signature for operations. module incrementer_addr::increment {

 

use aptos_framework::account;

use std::signer;

       struct Incrementer has key {

                  count: u64,

       }

 

       public entry fun increment(account: &signer) acquires Incrementer {

                  let signer_address = signer::address_of(account);

                  let c_ref = &mut borrow_global_mut<Incrementer>(signer_address).count;

                  *c_ref = *c_ref +1

       }

 

       public entry fun create_incrementer(account: &signer){

            let incrementer = Incrementer {

                  count: 0

            };

            move_to(account, incrementer);

       }

} Composite Types and Turing Completeness All three languages support composite types, allowing complex types from simpler ones. All are Turing complete, meaning they can handle any computation given enough resources. Resource-Oriented versus Object-Oriented While Solidity and Move require compilation, Cadence is interpreted. Cadence and Move employ a resource-oriented approach, securing digital ownership in one location. Conclusion: Choosing the Right Programming Language When selecting a programming language like Solidity, Cadence, or Move, consider the needs of your project. Solidity is commonly used, but it might not be very easy to work with. Developers need to be careful of the security pitfalls and understand best practices. Solidity: Mainly used for digital assets, Cadence is a newer language that focuses on security, is easy to understand, and provides developers with a superior experience. Cadence: Move is , a more complex language. Rust can be more difficult to learn and understand. Move is a new language, and it doesn't have many tools, resources, or a big community. Move: based on Rust Ultimately, your choice will impact your project's success, so make an informed decision and enjoy your ! journey as a web3 developer Also published . here

Comparing Smart Contract Languages: Solidity, Cadence, and Move

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APTOS

aptoslabs.com

51-200 employees

Since 2021

COMPANY RANKING

APTOS

EVERGREEN INDEX #770

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APTOS

aptoslabs.com

51-200 employees

Since 2021

COMPANY RANKING

APTOS

EVERGREEN INDEX #770

RELATED COMPANIESRANK

STORIES ABOUT APTOS

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