The team behind Aptos (APT), a layer-1 blockchain platform, has identified the industries that will bring about the next wave of cryptocurrency adoption. According to Mo Shaikh, the co-founder of Aptos, gaming, social media, entertainment, and finance are the four sectors that will ramp up adoption of digital assets. In a recent interview with Raoul Pal, Shaikh explained that Aptos is focusing on these four industries since they have benefited the most from the integration of high throughput blockchain technology.
Shaikh compared the challenge of identifying which industries will benefit from blockchain technology to the early days of the internet, where it was unclear which businesses would benefit from the internet’s adoption. He said that Aptos is fortunate to not be the first to market, allowing the blockchain industry to validate certain use cases. Shaikh explained that derivatives and decentralized finance (DeFi) are currently some of the most popular use cases in the blockchain industry, with Aptos focusing on gaming, social media, entertainment, and finance.
In the gaming sector, Aptos will not only take advantage of digital collectibles but also create new use cases for the industry. The team plans to introduce an on-chain randomization checker to ensure that no one is cheating during gameplay. With media and entertainment, Aptos believes blockchain technology can help enhance a fan’s involvement in an event. Blockchain could enable fans to continue their experience beyond the event by providing them collectibles that can serve as shareable memorabilia, proof-of-attendance, or tickets that redeem prizes.
Shaikh also highlighted that projects being built on top of Aptos are taking advantage of the transaction speed of the blockchain. He claimed that the blockchain’s transaction speed is the fastest on the market and that this could help bring about financial inclusivity. By providing fast transaction speeds, Aptos believes more people will have access to digital assets, thereby enabling them to participate in the cryptocurrency market.
Aptos is a layer-1 blockchain protocol that is designed for developers to build decentralized applications (dApps). The platform aims to offer an ecosystem that allows interoperability between applications built on its blockchain, as well as other leading blockchain platforms. The project’s aim is to make it easy for developers to build and scale next-generation decentralized applications that offer unrivaled usability and functionality on a global scale.
In conclusion, Aptos is focusing on gaming, social media, entertainment, and finance as the four sectors that will ramp up adoption of digital assets. The project intends to provide a platform that enables developers to build decentralized applications that offer unrivaled usability and functionality on a global scale. With its fast transaction speed, Aptos could help bring about financial inclusivity, enabling more people to access the cryptocurrency market. The team’s vision is to build a blockchain platform that will serve as the foundation for web3, the next generation of the internet.
