While the recent major fall in the crypto space, one project that is doing relatively well, is Aptos (APT). Aptos is another Layer 1 blockchain platform and a Solana competitor launched just

Aptos is launched by executives who were working on Facebook’s stablecoin project, Diem. Aptos says that it has a greater potential for development and partnerships with similar companies. Interestingly, just a few weeks after launch, Aptos entered into a partnership with Google Cloud.

Besides, some of the very popular funds that have invested in Aptos include Binance Labs, Multicoin Capital, and Circle. But some infamous names such as Jump Crypto and FTX Ventures are also on the list.

Aptos is relatively a very-young blockchain as of now. The extremely limited supply of 13 percent of the existing APTs could play in its favor.

With the collapse of FTX, Solana suffered a huge impact, Solana Foundation lost at least 180M USD. The only positive factor for Solana is that the blue-chip NFT floor price has witnessed a significant spike over the last week. This shows that the crypto community still has a good amount of interest in Solana NFTs.

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We still have to develop the NFT community on the aptos network to better compete with solana :smiley:

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