What is Aptos?
Aptos is a young layer 1 blockchain designed to mainstream Web 3.0 and empower the decentralized application ecosystem. The main feature of this network is the use of Parallel Execution technology for the achievement of parallel transactions, which increases the throughput of the blockchain and the transaction speed.
Aptos and NFT
The parallel execution mechanism of the Aptos blockchain performs exceptionally well with NFTs. This feature greatly enhances the ability of users to create NFTs. Aptos CLI tools make it easy to evaluate contracts natively before submitting them to the network. Moreover, the Aptos TypeScript SDK makes it easy to write scripts for minting NFTs.
All of this allows to generate multiple NFTs on different platforms simultaneously. Users can use many instances at the same time and create a regular cycle of transactions rather than spending huge resources to create just one NFT at a time.
Tests have shown that the developer network can generate massive amounts of these tokens in less than an hour. There are plans to improve the use of these attributes to make NFT generation even easier.
Who created Aptos?
The leading developers of the Aptos system are Mo Shaikh and Avery Ching, who previously created the Diem wallet for Mark Zuckerberg’s social networks. The team also includes many other developers from around the world, including engineers, researchers, designers, and programmers. More than 350 people have been involved in the creation of this project over the past three years.
Is Aptos a Good Investment?
Sharp ups and downs characterize the whole cryptocurrency market, which will likely continue for some time (your invested sum can decrease by 30% in a matter of hours).
Though, investing in Aptos has potential rewards. It might be a smart long-term hold if you are prepared to endure price fluctuations in the upcoming months and have faith in Aptos’ technology.
However, remember that Ethereum has settled as the market leader. Therefore, other ‘layer 1s’ find it difficult to attract a sizable user base. Aptos might be a wise choice if it proves to be significantly more scalable than Ethereum.
Aptos Labs is backed by such funds as Binance Labs, Circle Ventures, and Jump Crypto, so it’s clearly a green sign that the project is legit.
Aptos Price Prediction
As per the PricePrediction.net forecasting platform, APT should be in everyone’s portfolio. In 2023, it is expected that the cost of Aptos will be at least $21.87. With an average price of $22.69 during 2023, the Aptos price can go as high as $26.85.
The in-depth technical analysis of APT’s historical price data indicates that in 2025, the value of Aptos will likely be at least $45.79. The maximum Aptos price will be $55.76, and the average trading value in US dollars will peak at 47.42.
What about 2030, we’ll see a low of $290.72, an average price of $301.08, and a high of $352.20.
Keep in mind that this is just a speculation based on the current data; hence no guarantee.
Is Aptos safe?
Due to the young age of this crypto, we can’t say for sure that the Aptos network is 100% secure. However, at the time of this writing, there have been no security breaches in the blockchain.
As the founders claim, their technology offers new and novel innovations in smart contract design and system security. And by far, Certik has only proved these statements.
Where can I buy Aptos coin?
According to CoinMarketCap, the APT token is listed on Binance, Coinbase, Kucoin, Kraken, Bybit, Bitfinex, OKX, Huobi, etc. Also, you can find it on many DEXs like Pancakeswap and Liquidswap.
Coin-Labs signed an agreement in 2021 to become the official business partner of Bybit.
Therefore, when you sign up for Bybit through the Coin-Labs website, you will be able to experience World top commission benefits and also become eligible to participate in an event to receive up to $600 in bonuses.
How to buy Aptos
Step 1: Register
Bybit is a popular cryptocurrency exchange. Many find this platform to be one of the easiest options for purchasing crypto.
- Visit the website.
- In the Getting Started section, enter your email address.
- Bybit will ask you to indicate if you are an individual or a company. Use your real name, as the exchange will check it against government databases to verify your identity.
- After that, verify your email address.
- Pass KYC verification if you want to buy an equivalent of more than 2 BTC.
Step 2: Buy Aptos (APT)
Click on the “Buy Crypto” link in the top left corner of the website navigation, which will show the available options in your country. You can first buy some stablecoins such as USDT or USDC and then use that coin to buy Aptos (APT).
Otherwise, you can leverage a credit card purchase or bank deposit.
Step 3: Purchase
Once your identity has been verified and the funds have been transferred to the Bybit exchange, you should proceed to the trading terminal.
- Find the APT/USDT trading pair in the Spot section. You can start buying cryptocurrency by selecting “Market” and “Buy.”
- Then, if the current price of APT suits you, enter the amount of USDT you want to swap for APT and click “Buy.”
- Now the purchased amount of Aptos coins can be found on your spot wallet.
FAQs
How to stake Aptos
You can either stake your APT in favor of those running a validator node or on centralized exchanges/wallets. For this, you should send your tokens to the validator’s address or your wallet/exchange account address.
APT vs GALA
Aptos is a new level 1 Proof-of-Stake (PoS) project using the Move programming language and the Move virtual machine for application development. Its aim is to make crypto transactions more secure while pushing the boundaries of NFT usage.
Gala Games, on the other hand, is a blockchain-based gaming platform. It rewards users with in-game and non-fungible tokens (NFTs). The founders want to make it a platform where anyone can launch their project. Gala plans to become an all-in-one gaming ecosystem.APT vs MANA
The main difference between Aptos and Decentraland (MANA) is that the former is an independent layer 1 network, while Decentraland is an Ethereum-based Metaverse.
It boasts a monthly user base of over 300,000 and could soon be one of the most valuable metaverses. In contrast, the main goal of Aptos is to overperform Solana and then reach the size of Ethereum.
Therefore, comparing the two is similar to comparing laptops with smartphones — both serve different purposes by utilizing the same technology.
