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 envisions a blockchain that facilitates mainstream adoption within the web3 landscape, empowering a diverse array of Decentralized Applications (DApps) to effectively address real-world challenges faced by users.
Describing the standard, the company said that the Aptos Digital Asset Standard was created with a primary focus on non-fungible tokens (NFTs).
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.
It added that the standard is crafted to among other things enhance fungibility, boost performance, and facilitate efficient on-chain data handling.
It lastly called on creators, developers, and enthusiasts to join its ecosystem and start building products that depend on the Aptos Digital token Standard.