Optos wants to shake up blockchain space by creating more economic value, co-founder says • TechCrunch

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come again chain reactionA podcast that dives deep into stories, backgrounds and the latest news from some of the biggest names in crypto.

For this week chapterI sat down with Mo Sheik, Co-Founder and CEO of Layer-1 Blockchain Appropriate. Shaikh is a three-time founder with over a decade of experience in financial services and blockchain technology and crypto. He also worked on blockchain strategic partnerships NoviWallet of Meta, and was Director of Strategy at ConsenSys.

“When we were thinking about Aptos, we definitely thought that people needed a new form of sharing information digitally, and that we could share that information and economic value digitally in more efficient, fair ways,” Shaikh said during the podcast. “That’s what we do.”

Last year was huge for Aptos — the blockchain went public and raised about $400 million in a bear market, Shaikh shared. New Layer -1 It received support from major investors Such as Andreessen Horowitz, Circle Ventures and the now defunct FTX VenturesA few names.

Optos wants to reach billions of people without disruption or downtime, while delivering thousands of transactions per second and sub-second latency, Shaikh shared. “When all of this comes together, they can not only rival other previous generation blockchains and scaling solutions we see in the market, but they are now beginning to challenge the way economic value and information moves across the Internet and the world.”

Looking ahead to 2023, Aptos plans to make it “the year of purpose.” “I think it’s a one-year mission for the entire industry.”

There will be new evolutions in existing Web3 products that have hit the market, while big traditional players – like Google partnership – People who previously “sat on the sidelines” are about to dive “big” into space.

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