Aptos (APT) Founder Reveals 2023 Plans, Expects Innovation Leaps

Mo Shaikh, CEO, and co-founder of Aptos, recently spoke with crypto influencer Scott Melker, predicting that 2023 would be a watershed year for the blockchain industry, particularly in decentralized finance (DeFi).

"There’s some really cool DeFi stuff that’s going to be coming live soon that takes advantage of not only things like Move, but also parallel transaction processing. So, you know, central limit order books, AMMs (automated market makers), DEXes (decentralized exchanges) – all of these things will be really cool things to keep an eye on Aptos. That’ll be step changes in innovation relative to everything that we’ve seen in the previous generation of blockchain. So we’re looking forward to all of that."

Move is a programming language developed for Diem, a decentralized exchange that Meta later abandoned. The Aptos chain uses Move. Aptos is an attempt to move forward with Diem's vision of a blockchain that is both quick and scalable. Larger organizations are drawn to Aptos because, according to Shaikh, it was designed with a billion users in mind.

"The other thing that we were focused on was, well, it was kind of frustrating to hear the large companies talk about Web3, but not really do anything. And partly that was because, [they thought] ‘well, we’re going to do a little pilot and do some testing here, but we know that this stuff doesn’t really work for millions of people. And so we’re not risking bringing all our users to these layer twos or layer ones.’

At the beginning of Meta, we were primarily concerned with creating something for billions of people. As a result, we have taken that measure to safeguard our three billion users. Google and Npixel, a triple-A gaming studio in Korea with over 10 million users, saw what Aptos could do for their users and innovate within their organization after we started talking to them.

"So all those folks have started building on top of Aptos. Web3 users are building new innovative products on Aptos, things that they could not do on the blockchains that were out before. And large entities and enterprises that were… excited about Web3, but weren’t comfortable are now building on Web3 in a meaningful way, and we’re excited to see all those use cases now come to life and in 2023."

Aptos has fallen more than 40% from its monthly high of $5.43 to its current price of $3.24.