The Layer-1 blockchain Aptos (APT) developers announced the launch of tokens of the Aptos Digital Asset (DA) standard, which offer ‘unparalleled flexibility, composability, and scalability’.
According to the statement, the new form of tokens enables seamless airdrops, individual asset binding, and enhanced performance.
“Standards such as SPL, ERC721 and our own TokenV1 were the keys to the development of blockchain, but each had its limitations. TokenV1 lacked flexibility. SPL had interoperability issues. ERC721 was inefficient. DA offers unique solutions to these problems and radical improvements to the network,” the protocol’s representatives said.
Aptos noted that, thanks to simplified management, an improved interface and the ability to issue ‘composable’ NFT, developers of decentralized applications can create more dynamic and adaptive ecosystems.
DA improves performance and cuts gas costs by more than 50%, delivering efficient storage utilisation, shorter data retrieval times, and optimisation, the developers said.
The new token standard is already supported by NFT marketplaces Topaz, BlueMove, Wapal, Mercato, wallets Petra, Rise, Martian, Fewcha, Pontem, and the Aptscan explorer.
In the wake of the announcement, the native token APT rose by 3.5% to $5.93. By the time of writing, the coin’s price had eased slightly to $5.89.
Earlier the developers entered into a long-standing partnership with Microsoft to implement Web3 solutions. The parties will work on creating an AI-powered Aptos Assistant chatbot on Microsoft Azure infrastructure.
The companies will also explore solutions at the intersection of AI and DeFi, including asset tokenisation, payments, and central bank digital currencies.
In April, Aptos launched the delegated staking function, which makes the process ‘more accessible and user-friendly’.