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Aptos announces the launch of new NFT standard

Aptos announces the launch of new NFT standard

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DateAug 24, 2023

Aptos Foundation has announces the launch of the Aptos Digital Asset Standard (DA). The foundation says that the digital asset standard emerges as a game-changer, promising a transformative experience for creators, developers, and users alike.

Aptos is a Layer 1 Proof-of-Stake PoS blockchain, utilizing a unique smart contract programming language known as Move. This Rust-based language was independently crafted by engineers from Meta (formerly Facebook) who worked on the Diem blockchain.

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Aptos Token Standard, ERC, and others 

When comparing with legacy standards like TokenV1, SPL, and ERC721, Aptos observed that although these standards played significant roles in the initial stages of blockchain development, they still carry inherent challenges.

It added that TokenV1 lacked flexibility for evolving user needs, SPL had interoperability challenges with other networks, and ERC721 had high gas costs and performance issues.

Conversely, Aptos Digital Asset Standard addresses these problems by enhancing flexibility, and performance, and reducing gas costs. 

It allows for efficient on-chain manipulation of token data and provides a standardized framework for NFTs, enabling smooth interaction with digital assets across different networks.

Aptos also noted that Web3 projects such as Metapixel, Mokshya, and BRAWL3R have started implementing the standard.

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Source - https://cryptotvplus.com/2023/08/aptos-announces-the-launch-of-new-nft-standard/

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