NFTs will revolutionize Blockchain according to the CEO of Aptos Labs

Mohamed Sheikh is the co-founder of Aptos, a Level 1 blockchain. According to him, NFTs will be used as a means of payment in the future. In fact, it is also believed that it will become a premium asset through partnerships with major brands.

Coindesk relays Aptos Labs CEO’s words that NFTs can be used as a method of payment.

NFTs More Than Just Collectibles?

Several groups of NFTs It sold for tens of millions of dollars. However, most people still view them as mere collectibles. Participant in a show CoinDeskAptos CEO said: The way we think about NFTs is pushing the boundaries of what we’ve seen in previous-generation blockchains. ” In the past, ” You can’t really take them [NFTs] through different protocols [and] platforms. ยป

First of all, let’s remember that Aptos’ native cryptocurrency is one of the best performers at the beginning of the year. actually from 1Verse In January so far, it has gained 350% to reach a high of $16.46 at the start of the weekend.

On the other hand, NFTs are assets that allow their owners to prove that they actually own a digital item. In fact, some platforms already allow NFTs to be transferred from one game to another. Thus, they can be used as accessories, weapons or game characters. Sheikh believes we can push boundaries and use NFTs as a means of payment. ” You can now exchange economic value, you can communicate with creators. You may be authorized to do so in a manner that no entity has control overSheikh said.

Aptos, a futuristic blockchain

The sheikh captured itAptos It puts first and foremost on users and developers. It is worth noting that many users were concerned that the distribution of Aptos APT tokens was done for the benefit of the investors and the organization.

We’ve really pushed the boundaries of what we think equal representation should be Sheikh said. He goes on to say: For people like investors, we have one of the lowest distributions of any investor of any protocol at launch“.

Briefly, The year 2023 has just begun, but many innovative projects have already seen the light of day. We’ll have plenty of time to see if NFTs will have the expected potential.

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Jill Cedric Yakam

SEO web editor specializing in cryptocurrency, decentralized finance, and web3, produce engaging and topical texts. My goal is to democratize the cryptocurrency world and to inform the readers about the news in this sector.

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