Welcome to Chain Reaction. This podcast delves deep into celebrity stories, backgrounds and breaking news in the crypto industry.
In this week’s episode, we spoke with Mo Shaikh, co-founder and CEO of Layer 1 blockchain Aptos. Shaikh is a three time founder with over 10 years of experience in financial services, blockchain technology and cryptocurrencies. He has also worked on blockchain strategic partnerships with Novi, a wallet for Meta, and has also served as strategy director for ConsenSys.
“When we thought about Aptos, we knew that people needed a new way to share information digitally, and to share that information and its economic value digitally in a more efficient and fair way.” said Sheikh on the podcast. “That’s our mission.”
Last year was a huge year for Aptos — blockchain went public and raised around $400 million in funding amid a bear market, Shaikh shared. The new Layer 1 was backed by major investors including Andreessen Horowitz, Circle Ventures and now-defunct He FTX Ventures.
Aptos wants to reach billions of people without interruption or downtime while offering thousands of transactions per second and sub-second latency. “All of this combined, not only rivals other previous-generation blockchain and scaling solutions seen in the market, but is beginning to challenge the internet and the very way that economic value and information move around the world. .”
Looking forward to 2023, Aptos plans to make it the “year of intentions,” Sheikh said. “I think this year will be an exciting year for the industry as a whole.”
While we’re seeing new evolutions in existing web3 products on the market, traditional giants who were previously ‘bystanders’, such as a partnership with Google, are entering the space ‘in a big way’. . ” he added.
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