{"id":85,"date":"2022-10-08T19:44:24","date_gmt":"2022-10-08T19:44:24","guid":{"rendered":"https:\/\/blog.multichainmedia.xyz\/?p=85"},"modified":"2023-03-06T20:50:41","modified_gmt":"2023-03-06T20:50:41","slug":"aptos-labs-history-upcoming-projects","status":"publish","type":"post","link":"https:\/\/blog.multichainmedia.xyz\/index.php\/2022\/10\/08\/aptos-labs-history-upcoming-projects\/","title":{"rendered":"Aptos Labs: History &amp; Upcoming Projects"},"content":{"rendered":"\n<p id=\"d651\">In 2018 Meta Platforms began working on Libra, later known as Diem. Diem was a blockchain-based stablecoin payment system that ultimately shutdown in early 2022, with Intellectual Property being sold to Silvergate Capital.<\/p>\n\n\n\n<p id=\"9d69\">During the years that it was being worked on, a new programming language known as Move was created, building upon the commonly used Rust language and with several new features.&nbsp;<strong>Meta\u2019s team of advanced blockchain researchers subsequently went on to found two new blockchain Layer 1\u2019s using the Move language:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/aptoslabs.com\/\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Aptos Blockchain:<\/strong><\/a>&nbsp;based on Palo Alto with Mo Shaikh as CEO and Avery Ching as CTO. Mo previously worked in Strategic Partnerships for Novi, Meta\u2019s crypto payments wallet.<\/li>\n\n\n\n<li><a href=\"https:\/\/sui.io\/\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Sui Blockchain:<\/strong><\/a>&nbsp;managed by Mysten Labs and based in San Francisco. Evan Cheng is Co-Founder &amp; CEO, and was previously Director of R&amp;D at Novi.<\/li>\n<\/ol>\n\n\n\n<p id=\"c780\">While the Mysten Labs project of Sui is extremely interesting as well (and they recently announced a&nbsp;<a href=\"https:\/\/www.coindesk.com\/business\/2022\/09\/08\/crypto-startup-mysten-labs-raises-300m-from-industry-heavyweights-at-2b-valuation-report\/#:~:text=Jamie%20Crawley%20is%20a%20CoinDesk%20news%20reporter%20based%20in%20London.&amp;text=JamieCrawleyCD%20on%20Twitter-,Mysten%20Labs%20has%20raised%20%24300%20million%20at%20a%20%242%20billion,names%20in%20the%20crypto%20industry.\" rel=\"noreferrer noopener\" target=\"_blank\">$300M round<\/a>), in this article I\u2019ll be focusing solely on Aptos who raised $150M in early 2022, prior to&nbsp;<a href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/binance-labs-boosts-strategic-investment-in-aptos-labs-to-expand-commitment-to-infrastructure-building-2732278535201777034\" rel=\"noreferrer noopener\" target=\"_blank\">a new undisclosed funding round by Binance<\/a>&nbsp;just a few weeks ago mid-September 2022.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/miro.medium.com\/v2\/resize:fit:1324\/0*F6NgGA1GTCawhXgN.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p id=\"43a8\">I actually began writing this before finding the below graphic created by&nbsp;<a href=\"https:\/\/twitter.com\/hc_capital?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">HC Capital<\/a>. It highlights that the Aptos ecosystem seems to be much more developed by Sui, although various factors could account for this, and many projects that are building on Aptos (using Move language) are likely to also build on Sui. Additionally, upon further investigation, one will note that a lot of the projects building upon Aptos are in their infancy and rather undeveloped.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/miro.medium.com\/v2\/resize:fit:1400\/0*yu9QI0oyd1Usphzc\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Aptos Ecosystem vs. Sui Ecosystem, by HC Capital<\/figcaption><\/figure>\n\n\n\n<p id=\"8640\">Explaining the Aptos whitepaper is a long post in itself and the purpose of this article is only to give a high level overview of the blockchain and projects building on it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"045d\"><strong>What is Aptos?<\/strong><\/h2>\n\n\n\n<p id=\"59a5\">Aptos is a new Layer 1 (L1) blockchain based on the Move programming language developed at Meta, and that\u2019s faster, more secure, and more scalable than other blockchains out there today. \u201cWe\u2019re fast and scalable\u201d is something I\u2019ve heard a lot by L1\u2019s at various conferences but it seems like Aptos can back this up, with one example being that they can reportedly mint millions of NFT\u2019s&nbsp;<em>per hour.<\/em><\/p>\n\n\n\n<p id=\"b352\">What makes this possible?&nbsp;<strong>Horizontal scaling.<\/strong><\/p>\n\n\n\n<p id=\"76e6\">Aptos uses&nbsp;<a href=\"https:\/\/developers.diem.com\/papers\/diem-consensus-state-machine-replication-in-the-diem-blockchain\/2021-08-17.pdf\" rel=\"noreferrer noopener\" target=\"_blank\">DiemBFT v4<\/a>&nbsp;as its consensus mechanism which is essentially a variation of Byzantine Fault Tolerance (BFT) which is great for ensuring that individual faults (e.g. a malicious validator or accidentally offline validators) do not compromise the whole system, as long as more than 2\/3 validators are operating smoothly. Aptos incorporates a leader reputation system to update validators, on top of a few other features different from regular BFT, in order to be extremely fast and efficient.<\/p>\n\n\n\n<p id=\"5a37\">Currently they are preparing for their mainnet launch, expected in either October or November of 2022.<\/p>\n\n\n\n<p id=\"2e42\">Their office is in Palo Alto and below is the only picture I remembered to take during my visit to their office during their Stanford Blockchain Week event late-August.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/miro.medium.com\/v2\/resize:fit:1400\/1*e3EqjYR2Yeibx33nMJ-JQA.jpeg\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Don\u2019t worry, now I know to take a better picture at their next event.<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"cfcd\"><strong>Project Ecosystem<\/strong><\/h2>\n\n\n\n<p id=\"3775\">There are 70+ projects being built on Aptos and below I\u2019ll focus on various projects categorized by its area. Please note that the below is by no means comprehensive and it\u2019s possible that I\u2019ve missed projects.<\/p>\n\n\n\n<p id=\"d892\">Should you wish for anything to be added or amended please reach out and I can do so.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"4856\"><strong>Wallets<\/strong><\/h3>\n\n\n\n<p id=\"ee58\">Right now there are over 15 wallets building upon Aptos with all being non-custodial.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/pontem.network\/\" rel=\"noreferrer noopener\" target=\"_blank\">Pontem Wallet:<\/a>&nbsp;Pontem is a non-custodial wallet that was the first production-ready wallet for Aptos. It\u2019s also integrated with a decentralized exchange (<a href=\"https:\/\/liquidswap.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">liquidswap<\/a>), and they\u2019re working on other products such as a Solidity to Move bytecode translator and IDE plug-in. They\u2019ve surpassed 120,000 users and are growing fast in preparation for the Aptos mainnet launch. Their Founder Alejo Pinto has done a great job with both their products and educational blog posts.<\/li>\n\n\n\n<li><a href=\"https:\/\/martianwallet.xyz\/\" rel=\"noreferrer noopener\" target=\"_blank\">Martian<\/a>: backed by Aptos Labs and with 140,000+ users, Martian is one of the most prominent wallets on the Aptos testnet. They\u2019ve been busy forming partnerships with various Aptos-based protocols such as multichain liquid staking protocol&nbsp;<a href=\"https:\/\/staderlabs.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">Stader<\/a>.<\/li>\n\n\n\n<li><a href=\"https:\/\/petra.app\/\" rel=\"noreferrer noopener\" target=\"_blank\">Petra<\/a>: created by the Aptos developer team.<\/li>\n\n\n\n<li><a href=\"https:\/\/fewcha.app\/\" rel=\"noreferrer noopener\" target=\"_blank\">Fewcha<\/a>: based in Vietnam and another non-custodial wallet option with NFT integration.<\/li>\n\n\n\n<li><a href=\"https:\/\/nightly.app\/\" rel=\"noreferrer noopener\" target=\"_blank\">Nightly<\/a>: origionally built for NEAR and Solana, Nightly is expanding their multichain wallet to the Aptos ecosystem as well. It is available via Chrome and Firefox extensions, with mobile support soon.<\/li>\n\n\n\n<li><a href=\"https:\/\/portto.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">Blocto<\/a>: portto\u2019s wallet is known as Blocto and it\u2019s a multichain wallet also on Flow, Solana, BNB, Polygon, Avalanche, Ethereum, and Tron.<\/li>\n<\/ol>\n\n\n\n<p id=\"1a6f\"><strong>Others<\/strong>:&nbsp;<a href=\"https:\/\/mobile.twitter.com\/surf_wallet\" rel=\"noreferrer noopener\" target=\"_blank\">Surf<\/a>,&nbsp;<a href=\"https:\/\/twitter.com\/SpikaApp\" rel=\"noreferrer noopener\" target=\"_blank\">Spika<\/a>,&nbsp;<a href=\"https:\/\/twitter.com\/fletchwallet?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">Fletch<\/a>,&nbsp;<a href=\"https:\/\/mobile.twitter.com\/nightly_app\" rel=\"noreferrer noopener\" target=\"_blank\">Nightly<\/a>,&nbsp;<a href=\"https:\/\/twitter.com\/ONTOWallet?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">ONTO<\/a>,&nbsp;<a href=\"https:\/\/mobile.twitter.com\/hivewithme\" rel=\"noreferrer noopener\" target=\"_blank\">Hive<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"8459\"><strong>Decentralized Exchanges<\/strong><\/h3>\n\n\n\n<p id=\"b99c\">There will be a need for users to swap assets within the Aptos ecosystem and various options are popping up with different features and use-cases to differentiate. Given that all are being tested out for the Aptos mainnet launch I will not comment on which assets they have now, as that is very likely to change prior to launch.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/tsunami.finance\/\" rel=\"noreferrer noopener\" target=\"_blank\">Tsunami Finance<\/a>: focus on 0% slippage and low trade spreads. They create baskets of assets generally composed of 50% stable assets and 50% blue chip crypto assets. Instead of using a pricing curve like other DEX\u2019s such as Uniswap, they instead use price oracles such as Chainlink.<\/li>\n\n\n\n<li><a href=\"https:\/\/houstonswap.io\/#\" rel=\"noreferrer noopener\" target=\"_blank\">Houston Swap<\/a>: they claim to focus on better capital efficiency, leveraged returns, capital protection (e.g. automatic position rebalancing), and minimized impermanent loss. It\u2019s worth noting that the link to their documentation does not work and none of the above can be verified.<\/li>\n\n\n\n<li>Saber: an AMM originally created on Solana with $55M in TVL.<\/li>\n<\/ol>\n\n\n\n<p id=\"8706\"><strong>Other DEX\u2019s:&nbsp;<\/strong><a href=\"https:\/\/ariesmarkets.xyz\/\" rel=\"noreferrer noopener\" target=\"_blank\">Aries Markets<\/a>,&nbsp;<a href=\"https:\/\/mobile.twitter.com\/hansondotso\" rel=\"noreferrer noopener\" target=\"_blank\">Hanson<\/a>,&nbsp;<a href=\"https:\/\/laminar.markets\/\" rel=\"noreferrer noopener\" target=\"_blank\">Laminar<\/a>,&nbsp;<a href=\"https:\/\/twitter.com\/AptoSwap_org?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">AptoSwap<\/a>,&nbsp;<a href=\"https:\/\/pontem.network\/\" rel=\"noreferrer noopener\" target=\"_blank\">Pontem Network<\/a>,&nbsp;<a href=\"https:\/\/twitter.com\/EconiaLabs?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">Econia<\/a>,&nbsp;<a href=\"https:\/\/twitter.com\/kanalabs?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">Kana Labs<\/a>,&nbsp;<a href=\"https:\/\/mobile.twitter.com\/apteria_io\" rel=\"noreferrer noopener\" target=\"_blank\">Apteria<\/a>,&nbsp;<a href=\"https:\/\/animeswap.org\/\" rel=\"noreferrer noopener\" target=\"_blank\">AnimeSwap<\/a>,&nbsp;<a href=\"https:\/\/mobile.twitter.com\/hippolabs__\" rel=\"noreferrer noopener\" target=\"_blank\">Hippo Labs<\/a>,&nbsp;<a href=\"https:\/\/twitter.com\/foil_labs?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">Foil Labs<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"b472\"><strong>Other Projects<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"cae7\"><strong>Bridges<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/twitter.com\/moverxyz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">Mover<\/a>: connecting EVM networks and Aptos by using both light client verification (for EVM chains) and network nodes that use secure multi-party computation threshold signing (for non-EVM chains).<\/li>\n\n\n\n<li><a href=\"https:\/\/xp.network\/\" rel=\"noreferrer noopener\" target=\"_blank\">XP.Network<\/a>: specializing in NFT bridging and already on many various blockchains at the moment.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"30d3\"><strong>Launchpads \/ Incubators<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/twitter.com\/DaoStarter?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">DaoStarter<\/a>: a well known incubator present on both BSC and ETH, and now moving to Aptos.<\/li>\n\n\n\n<li><a href=\"https:\/\/twitter.com\/Meeiro_xyz?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">Meeiro<\/a>: the first IDO launchpad on Aptos.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.web3port.us\/\" rel=\"noreferrer noopener\" target=\"_blank\">Web3Port<\/a>: already on multiple blockchains.<\/li>\n\n\n\n<li><a href=\"https:\/\/mobile.twitter.com\/orionlaunch\" rel=\"noreferrer noopener\" target=\"_blank\">Orion<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/mobile.twitter.com\/aptocent\" rel=\"noreferrer noopener\" target=\"_blank\">Aptocent<\/a><\/li>\n\n\n\n<li>Verilog<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"ed32\"><strong>Lending\/Borrowing<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.vial.fi\/\" rel=\"noreferrer noopener\" target=\"_blank\">Vial Protocol<\/a>: algorithmic liquidity protocol.<\/li>\n\n\n\n<li><a href=\"https:\/\/mobile.twitter.com\/aptinlabs\" rel=\"noreferrer noopener\" target=\"_blank\">Aptin Finance<\/a>: the first lending protocol that was created on Aptos (hint: they\u2019re hiring!).<\/li>\n\n\n\n<li><a href=\"https:\/\/twitter.com\/cedro_finance\" rel=\"noreferrer noopener\" target=\"_blank\">Cedro Finance:<\/a>&nbsp;Built using LayerZero in order to be cross-chain (check out&nbsp;<a href=\"https:\/\/medium.com\/@LT_Himself\/summarized-layerzero-architecture-a0882e8ac011\">my article<\/a>&nbsp;on how LayerZero works!).<\/li>\n\n\n\n<li><a href=\"https:\/\/mobile.twitter.com\/waveletprotocol\" rel=\"noreferrer noopener\" target=\"_blank\">Wavelet<\/a>: use a margin engine, price oracles, and order books.<\/li>\n\n\n\n<li><a href=\"https:\/\/twitter.com\/LeizdProtocol\" rel=\"noreferrer noopener\" target=\"_blank\">Leizd<\/a>: building on both Aptos and Sui, as well as a decentralized stablecoin.<\/li>\n\n\n\n<li>Others:&nbsp;<a href=\"https:\/\/mobile.twitter.com\/aptoslend\" rel=\"noreferrer noopener\" target=\"_blank\">Aptoslend<\/a>, Jumpshot,&nbsp;<a href=\"https:\/\/mobile.twitter.com\/protocol_mobius\" rel=\"noreferrer noopener\" target=\"_blank\">Mobius<\/a>.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"ff84\"><strong>Oracles<\/strong>:<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/twitter.com\/switchboardxyz\/status\/1567679134444449794\" rel=\"noreferrer noopener\" target=\"_blank\">Switchboard<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/twitter.com\/DoTOracle?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">DotOracle<\/a><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"d456\"><strong>Liquid Staking<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Zaptos<\/li>\n\n\n\n<li><a href=\"https:\/\/www.dittofinance.io\/\" rel=\"noreferrer noopener\" target=\"_blank\">Ditto Finance<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/mobile.twitter.com\/stratioslabs\" rel=\"noreferrer noopener\" target=\"_blank\">Stratios Labs<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/tortuga.finance\/\" rel=\"noreferrer noopener\" target=\"_blank\">Tortuga Finance<\/a><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"7fa8\"><strong>NFT Marketplaces:<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.topaz.so\/\" rel=\"noreferrer noopener\" target=\"_blank\">Topaz<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/souffl3.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">Souffl3<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/seashrine.io\/\" rel=\"noreferrer noopener\" target=\"_blank\">SeaShrine<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/mobile.twitter.com\/bluemovenft\" rel=\"noreferrer noopener\" target=\"_blank\">BlueMove<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.spacepowder.io\/\" rel=\"noreferrer noopener\" target=\"_blank\">Space Powder<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/twitter.com\/acovamarket?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\" rel=\"noreferrer noopener\" target=\"_blank\">Acova Market:<\/a>&nbsp;Origionally on NEAR, and launching on Aptos as well.<\/li>\n\n\n\n<li><a href=\"https:\/\/aptos.itsrare.app\/#\/\" rel=\"noreferrer noopener\" target=\"_blank\">itsRare<\/a><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"7e92\"><strong>GameFi<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/mobile.twitter.com\/aptosgame\" rel=\"noreferrer noopener\" target=\"_blank\">Aptos Game<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/twitter.com\/Aptos_Yoka\" rel=\"noreferrer noopener\" target=\"_blank\">Aptos Yoka<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/twitter.com\/nfms_nft\" rel=\"noreferrer noopener\" target=\"_blank\">NFMS<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/mobile.twitter.com\/aptoscodm\" rel=\"noreferrer noopener\" target=\"_blank\">Aptos CODM<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/mobile.twitter.com\/keplerhomes\" rel=\"noreferrer noopener\" target=\"_blank\">KeplerHomes<\/a><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"eb5c\"><strong>Decentralized Stablecoins:<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/mobile.twitter.com\/thalalabs\" rel=\"noreferrer noopener\" target=\"_blank\">Thala Labs<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/twitter.com\/LeizdProtocol\" rel=\"noreferrer noopener\" target=\"_blank\">Leizd Protocol<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/argo.fi\/\" rel=\"noreferrer noopener\" target=\"_blank\">Argo<\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>In 2018 Meta Platforms began working on Libra, later known as Diem. Diem was a blockchain-based stablecoin payment system that ultimately shutdown in early 2022, with Intellectual Property being sold to Silvergate Capital. During the years that it was being worked on, a new programming language known as Move was created, building upon the commonly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-85","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aptos Labs: History &amp; Upcoming Projects - DeFi Content Marketing Blogs by Multichain Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.multichainmedia.xyz\/index.php\/2022\/10\/08\/aptos-labs-history-upcoming-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aptos Labs: History &amp; Upcoming Projects - DeFi Content Marketing Blogs by Multichain Media\" \/>\n<meta property=\"og:description\" content=\"In 2018 Meta Platforms began working on Libra, later known as Diem. Diem was a blockchain-based stablecoin payment system that ultimately shutdown in early 2022, with Intellectual Property being sold to Silvergate Capital. 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