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Aptos team members take you to know the leader of the new public chain｜Web3.0 Master Class (Phase 5)

22-08-17 17:42

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On August 13, the fifth Web3.0 Master Class of BlockBeats came as scheduled. In this event, HC, the head of the Asian market of the new star public chain Aptos, talked with us What are the unique features of the Aptos public chain ecological construction and the Move development language adopted? How non-developers experience the ecology at this stage and the future development roadmap of the project. As a representative of the new public chain, Aptos has a high valuation, a luxurious investment lineup, and integrates the MOVE language. It has attracted widespread attention before the mainnet is launched. I hope this dialogue can give some inspiration and help to the development team and ecological participants.

Guest Background:

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Today we invited HC, the person in charge of the Asian market. HC used to be a member of the investment team of Multicoin Capital. At that time, he and 6 other colleagues jointly managed the investment in the primary market and hedge funds in the secondary market. During this period, he conducted in-depth research on various new public chain ecology. Aptos' excellent team background and strong technology allowed him to find business opportunities in the public chain.

TDL;

The second phase of the Aptos test network has ended, and the main network is planned to be launched this year;

The order book protocol Econia and the transaction aggregator Hippo in the Aptos ecosystem are worthy of attention;

Aptos cooperation tends to projects that are already under development, with a clear project plan;

Aptos 4 Three development directions: finance, games, social, media;

Aptos economic model will be finalized in a few weeks;

Content of this podcast: "Aptos Asia Market Leader Visits Web3.0 Master Class, comprehensive interpretation of Aptos》

The following is the content of this issue

BlockBeats: Aptos is now preparing for the mainnet launch in all aspects. Please introduce the development history of Aptos.

HC: Aptos uses MOVE as a programming language and uses MOVE virtual A high-performance PoS chain based on computer technology has greatly improved security performance.

In 2017, Facebook formed the Libra team, gathering the best developers and researchers to develop Blockchain project, MOVE and MOVE virtual machine. However, subject to supervision, the project has not been able to actually go online. At the end of last year, team executives got permission from Facebook to leave Libra and use open source technology, MOVE language and virtual machine to support the product launch.

Once the product was launched, it was favored by investors, developers and the community. The round of financing reached 200 million US dollars, and institutions such as a16z, Multicoin Capital, Tiger Finance, Coinbase, and FTX participated in the investment. Completed 150 million US dollars in financing 3 weeks ago, led by FTX Venture and Jump Crypto. At the beginning of May, Aptos opened the incentive test network registration, which is divided into 4 stages. In the first stage, 100 node quotas are reserved for users, but the actual number of registered nodes is as many as 18,000. The second phase of the test network has just been completed, and the third phase is under preparation. The mainnet will go live around Q3 or Q4.

In terms of ecology, the team organized a hackathon in May and invited Google , Amazon and other major manufacturers, the products are developed by Facebook programmers on the test network, including 12 Demos, including wallets, NFT Marketplace and blockchain games. If there is an opportunity, the team supports these projects and the main network to go online simultaneously.

BlockBeats: There are actually many public chain projects. high?

HC:At the beginning of this year, the primary market was in good condition, The secondary market is gradually sluggish, but there are still many Web 3 VCs and web2 VCs actively researching projects and willing to invest in high-quality projects. In the past period of time, public chains such as Solana, Terra, and Avalanche have risen and received a lot of financial returns. The public chain can be said to be the track I am optimistic about at present.

In terms of financing, Aptos has its own selection mechanism in terms of finding investors. Prefer to work with strategic investors who share the same goals and vision as the team, rather than purely financial investors.

BlockBeats: Describe the biggest feature of Aptos in one sentence.

HC:Our vision is Blockchain for Everyone, to create a A blockchain that serves everyone. We attach great importance to performance, reliability, and security, and we can build a public chain that can carry tens of millions of users.

Standing on the shoulders of giants, we have seen the problems of Layer 1 in the past, including the disappearance of Layer 1 , and heard many developers talk about their development feedback on different public chains. The developed public chain is not due to the defects of the application layer, but the poor user experience caused by the lack of underlying infrastructure. Users will not blame the underlying public chain, but only use the application layer. So we emphasized reliability and dependence from the beginning of the testnet launch to ensure that the blockchain will not stagnate 100%. This is especially important for time-sensitive applications, such as liquidation mechanism applications, lending, derivatives projects, games that require real-time settlement and real-time transfer.

< h4>BlockBeats: For Aptos, what is the biggest Layer 1 competitor?

HC: We did not pay special attention to this point, but it is more that other Layer1 regards Aptos as a competing product. It is easy for a user to become a deep user of a certain public chain.It is hard for me to imagine a public chain occupying the entire market share. Multi-chain development is the future.

BlockBeats: What is the ecology of the testnet that impresses you?

HC: The ecology on Aptos is not a comparison that will be verified A good DeFi model and NFT Market are directly carried up, although this approach is very simple. During the research and development process, many developers will find that the scenarios that the MOVE language can realize are very diverse, so we are willing to iterate the product continuously to enhance the user experience. In addition, developers often make some ecological maps to show the projects developed on Aptos, and are willing to share them with the community, which also reflects the cooperative spirit of mutual help.

A few items worthy of attention:

Econia, a hyperparallel order book protocol running on the Aptos blockchain. Designed for web-scale performance, Econia aims to provide equal global market access, leveraging Aptos' optimistic concurrency to scale transactions between and within trading pairs. This open source project is very community-based, and several other developers are willing to collaborate with the Econia development team.

Trading aggregator Hippo: aims to provide Aptos DEX users with the best rates, allowing users Get the best liquidity, the lowest slippage, and the least friction on one platform.

BlockBeats: How can the project party get in touch with Aptos and reach a cooperation?

HC:We are more inclined to cooperate already in The developed project has a clear project plan. Of course, if the project is still in the exploratory stage, we also welcome and help you find resources as much as we can.

Interestingly, many ecology and Layer1 need to attract development through grant and economic incentives at the beginning By. Similarly, Aptos also has grants and ecological funds, as well as the establishment of Aptos Funds. Many developers contribute technology to the team with zero economic incentives. The reason may be that they enjoy the fun while developing with the MOVE language.

BlockBeats: What is the biggest feature of MOVE?

HC: MOVE language is specially designed for blockchain Scenario design has improved security, flexibility and composability. For example: Token is a resource that cannot be used multiple times at will. Aptos maintains the security of Token well to prevent hacker attacks.

MOVE supports Multi-safe system and Creation and Multi-agent system, if your private key If lost, a new private key and public key pair can be generated to ensure the safety of funds. According to developer feedback, MOVE is a relatively easy-to-use language with a wide range of application scenarios. Exploring the MOVE language is a very happy process.

BlockBeats: I heard that many Solana developers went to Aptos, and this phenomenon occurred What do you think are the reasons?

HC: Developers find us for different reasons, Move should be the key reason. Everyone is very excited when they see new technologies. They want to be the first developers to explore new technologies. I just shared the relevant economic incentives. Everyone is a developer spontaneously and actively. In the future, I think it is a very healthy state to be willing to support the development of eco-native without much incentive. I don’t know if they will raise funds in the future or see these capitals.

BlockBeats: I understand that now developers don’t care about any language or developers of other supply chains When you come to Aptos, there are basically no obstacles. After listening to your description of the development language, it may not be the biggest obstacle. Basically, what they talk to you may be more about their ideas than that they have encountered great difficulties.

HC: I originally thought that Move was also a very big obstacle, Later, I felt that everyone's development ability is very strong, and their learning ability is also very strong. Of course, there will still be some problems, whether technical or non-technical, our technical team and our ecological team will help you answer them in real time or in a timely manner, or find good resources to provide them team.

So any technical issues, including some non-technical issues, like on BD or on Is there anyone working on some other projects, and can you tell me about it? I think we can give these developers the best help and the best support.

BlockBeats: At present, in the test network stage, are there any non-developers who can participate of? Is there some way for Aptos that we can participate, potentially gain some of these rewards?

HC: I can’t comment too much on potential rewards, As for retail investors or how everyone participates, in fact, the ecological projects I mentioned just now have been deployed on our test network, so you can click on whether it is a browser plug-in wallet or try these applications. There are a lot of apps developed on Aptos that people can already start using.

BlockBeats: For the team that wants to go to Aptos development, do you have any suggestions? them?

HC: It is recommended to develop quickly and write code as soon as possible, I think there are many teams. Of course, I don’t know if there are too many concerns. I thought about going to Aptos development. I thought about it for a few weeks or a month, but I didn’t write a single line of code. I think this actually missed a lot of good opportunities. . I think if you want to come to Aptos to develop, you should have a good chat internally, and then really contribute the developer's own development time and resources, and start deploying and merging on our platform.

< h3>Questions from the audience

Question 1: Where is the experience different from other supply chains? About the situation of the core main network.

Question:Hello, I am very glad to have the opportunity to come up with Aptos Official chat. We are Souffl3, an ecological developer invested by Aptos. Souffl3 is an NFT market. As an NFT ecological developer, we first developed a version on Solana, and then Aptos.

HC: Just now I asked if there was anything Users can participate. Are you doing any activities recently?

Souffl3: We should be online soon, now at There are not many NFT markets on the testnet. Recently, an event has started. If you go to Souffl3 official Twitter to participate in our event, you can get the token of the testnet, and you can mint NFTs on the testnet for free. We welcome everyone to participate and test together. After the Aptos mainnet is launched, it will be whitelisted according to the contribution of our users.

The following is my question. As developers, we really hope that the Move language, including Aptos, can quickly develop its ecology, so there is still a long way to go for mainstream market recognition, because We hope to have a relatively stable and safe development environment. So we are more concerned about the time of the mainnet launch, because the launch of the mainnet means that it is a safe production environment. Where is the experience of the new ecology different from the other supply chains before?

HC: I will briefly introduce the main situation to you just now For a moment, it is still in different stages of the test network, and it should be able to launch the main network in the second half of this year.

Question 2: What is the economic model behind Aptos?

Question: I would like to ask about the Aptos economic model, including things like Staking When will this kind of benefit be determined?

HC: Should be finalized in the next few weeks . Including in the testnet stage, there are many things that need to be tested, such as performance, decentralization, reliability, etc. These are also some data points we obtained, and then we make the final derivation, the more decentralized, In this way, there is a certain sacrifice in performance. We still hope that when we go online at the beginning, it will be a relatively decentralized network. This is also reflected in our minimum requirements for nodes. Whether it is hardware requirements or a whitelist mechanism, as long as you have enough Token You can become a verification node, etc., and you should see it in the next period of time.

Question 3: How about some specific scenarios that SoicalFi followed up with?

Question:Thank you for sharing today, we are currently doing What is more important is the application layer. We understand that Move has two aspects. The first aspect is indeed like what the friend just said, the resource type is very good for storing and sending assets in a relatively safe way, but in terms of the application layer, I think Please tell me, what are the specific scenarios for SocialFi and GameFi? How are these viewed within the team.

HC:First of all, Aptos is a POS, a general-purpose POS Chain, that is, anyone can develop any project in Aptos, and we have no way to intervene and stop it. We have also internally confirmed 4 more important directions. The first one is that finance includes TradeFi and DeFi, and then payment and stability in TradeFi are very important. The second word is games, and the third word is our social media or the SocialFi you just mentioned, including these large Web2 social companies are all in our partner network.

The fourth word is media entertainment, including a large IP, and game IP Or film and television IP or music or even some girl groups and idols. Going back to the two directions of SocialFi and Gaming you just mentioned, we have also cooperated with leading or large-scale companies, whether it is some teams and products of Web2, to deploy on Web3, find application scenarios, or This kind of Web3 bottom-up development, through hackathons or through the form of granting hacker systems to grow bottom-up, this is what we value very much, and we hope to share more with you in the near future Very interesting applications.

Question 4: How does Aptos acquire users, and what kind of products are preferred Choose you.

Questions: Simply put Two questions: How does Aptos plan to acquire customers? Which one do you prefer when acquiring customers? When the next market comes, why do you give priority to choosing your products instead of Solana or Ethernet or BSC?

HC: Acquiring customers is a very good question, I I think there are several points: first, the blockchain must do its part well, and in terms of performance, it can settle some transactions at a relatively fast speed with a relatively low handling fee. It is very important for customer acquisition or maximum adoption rate, because it is possible that these new users who have just entered the blockchain do not particularly care about other things, but what they care about is that every time I send a transaction to the end Is how much it cost.

And another point that I think is very important is that the threshold for new users to enter Web3 is still It’s quite high, whether you want to build an account on a centralized trading platform or build a wallet on a rapid trading platform, it will take 5-10 minutes to set up your own account at the beginning. These words are not the best user experience. In these aspects, we are also based on our vision to be able to serve everyone. For most people, it takes 5-10 minutes (the operation creation time) to not know what the mnemonic is. This is a big pain point. We are also rethinking based on this vision, how can we to provide a better user experience.

In addition, these applications rarely come to Aptos just to use Aptos, right? Perhaps most people still interact with Aptos indirectly through the application layer. This will return to the four major directions I just mentioned, whether it is financial games, social networking, media, or entertainment. It is very important, and I think it has great potential to have a new iteration and update some directions.

Question 5: To make the experience more immersive, can it achieve a more silky smoothness?

Question: In the game or in some In this kind of application, immersion is actually very important. For example, if the wallet interaction keeps popping up, (the experience will be very poor). Is it possible to use some application software, or implement it on the APP to make the experience more immersive? Is it possible to realize a low-level application that uses a wallet, but gives users a fool-like and smoother interaction method? Is it possible to achieve this situation?

HC: Of course, we also saw some words from project parties There are some innovations in the direction of the wallet, whether it is in the network extension, the wallet of the plug-in of the browser, or someone is doing the Web SDK wallet, it can be realized through some functions, which can make users as few as possible To feel the interaction of the blockchain.

< p> But this is also a trade-off, a trade-off between user experience and security. I think if there is a wallet session in the future, we can also discuss it. This is a very good point. If I'm playing a game based on Web3, I can't just play monsters or chatter while playing, and then start to pop up windows for me crazily, then maybe I don't really think about it after 5~10 minutes After playing, this is also a very important pain point for the user experience.

About Web 3.0 Master Class

Web 3.0 Master Class is a series of activities for Web 3 enthusiasts, entrepreneurs and practitioners initiated by Rhythm BlockBeats. Invite experienced entrepreneurs, investors/institutions, developers, communities and other industry pioneers to teach multi-dimensional content such as their own entrepreneurial experience, product operation skills, and project investment direction.