Before that, blockchain had released standards like SPL, ERC721 and TokenV1, but each bar had its limits. TokenV1 needs more flexibility. The SPL has an interaction problem. ERC721 is not working properly. However, with the launch of the introduced DA, there will be unique improvements to address these issues and deliver powerful improvements on Aptos.
3/ Our Digital Asset Standard focuses on real-world applicability: seamless airdrops, soul binding of tokens and efficient performance. These features promote a dynamic, adaptive token ecosystem without complexity.
— Aptos (@Aptos_Network) August 22, 2023
The DA is particularly focused on non-fungible tokens (NFTs) in the Aptos blockchain. DA allows makers to grow their NFT over time, ensuring a dynamic and adaptive token ecosystem.
By separating extensions from core changes, DA enables simple improvements, enables seamless airdrops, connects the souls of tokens, improves fungibility, improves performance, and more efficient on-chain data management.
By simplifying token management, improving user experience and the ability to create synthetic NFTs, DA enables creators, developers and users to unleash the full potential of their projects in the Aptos ecosystem.
In particular, the implementation of the Aptos Improvement Proposal (AIP) will help DA improve performance and reduce gas costs by more than 50%, ensuring efficient memory usage, reduced retrieval times and optimized data access. These improvements make transactions faster and more efficient and help users better interact with digital assets.
Aptos is the featured blockchain this year and successfully raised $200 million in its first round of funding led by a16z. On July 25, the blockchain raised another $150 million in a Series B round led by FTX Ventures and Jump Crypto, in addition to the participation of Binance Labs, Multicoin Capital and more.
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