#Aptos is the hottest #blockchain of 2023, up 200% since the beginning of the year despite only launching last October. #blockchainnews
Aptos has talented developers and a sales pitch that feels familiar — a proof of stake consensus mechanism, smart contract support, and a purported 100k+ transactions per second capacity.
So why are we talking about VCs and #crypto?
Because we’re not sure that the world needs another layer one blockchain. But we *are* sure that the venture capitalists that backed Aptos, showering $200 million on the project when it was only four months old, are set to make a big payday when their tokens begin unlocking later this year.
In this episode we talk to Aptos co-founder and CTO Avery Ching about the nascent blockchain, cover the war between L1s and L2s, and predict a winner — though it’s not who you’d expect.
Listen to our full interview with Avery Ching on Twitter Spaces here. https://twitter.com/i/spaces/1kvJpmQrkYLxE?s=20
Coinage is a community-owned show answering crypto’s biggest questions. We cover #cryptonews #technews and #financenews can learn more about the project at https://www.coinage.media/
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0:33-2:03 Enter: Aptos!
2:03-2:58 Aptos vs. Sui
2:58-3:48 Why Aptos is so hot right now
3:48-4:55 The war between L1 and L2 chains
4:55-6:21 Let’s talk about the VCs