21/10/2022 Aptos NFTs Are Coming—And May Put Network Scalability Claims to the Test

Amid questions over its transaction throughput, can Aptos handle a slate of potentially in-demand NFT mints on the horizon?


Aptos NFT ecosystem artwork from Aptos Monkeys (cropped). Image: Aptos Monkeys
Aptos NFT ecosystem artwork from Aptos Monkeys (cropped). Image: Aptos Monkeys

The newest crypto on the block,Aptos, launchedits mainnet this weekto considerable buzz around its token airdrop to early users, but also questions about whether the network—which has raised $350 million in VC funding—can live up to the hypeabout its tech.

The blockchain's first real test may come soon, however, as a rush ofNFTprojects prepare to launch on the network. NFT trading has in the past put theEthereumandSolananetworks under considerable stress, so how will Aptos hold up if demand for its NFTs matches the buzz?

The Aptos launch came with sizable expectations, in part due to the ample VC funding and also its origins fromFacebook’s scrapped Diem initiative. But some of the buzz also came from claims that Aptos can scale to handle dramatically more transactions than any current layer-1 blockchain—over 160,000 transactions per second(TPS).

But if Aptos really can handle such huge technical demands, we haven’t seen evidence of it yet onmainnet. When it launched on Monday, Aptos was only processinga few transactions per second. As of today, the figure ishovering around 10 TPS.

Among majorsmart contractplatforms that run autonomous code to powerdecentralized apps,Ethereumhandles about 30 TPS on its mainnet, withSolanaat around 3,000 TPS. Buttestnetclaims don’t always match real-world conditions on the eventual public mainnet—Solana, for example,claimed hundreds of thousands of TPSon its testnet years ago.

Aptos co-founder Mo Shaikhtweeted Tuesdaythat the “current TPS is not representative of the network capacity—this was the network idling ahead of projects coming online. This number is expected to increase with more activity.” In other words: there’s not a whole lot happening yet on Aptos, but it’ll be ready for action.

TPS: The current TPS is not representative of the network capacity - this was the network idling ahead of projects coming online. This number is expected to increase with more activity. Hope this clears up any TPS confusion.

— Mo Shaikh (@moshaikhs)October 18, 2022

That increased activity could be right around the corner as Aptos users prepare to mint their first NFTs, with dedicated Aptos marketplaces already live with a handful of collections. A number of additional collections are expected to launch this week and next after amassing significant social media traction.

Already, the NFT scene on Aptos is growing.Topaz, one of the marketplaces that is already facilitating trades for a handful of collections—likeCryptoPunks knockoff Aptos Punk—tweeted Thursday morningthat it had already processed about 12,000 APT (over $87,000) worth of trades, with about 3,700 NFTs listed on its platform.

Arts

https://decrypt.co/112525/aptos-nfts-network-scalability-tps

Interesting NFTs
Finite.
Genesis
Greetings, human. I am Genesis. The dogs know me as alpha; the cats know me as omega. To your kind, I am a riddle wrapped in an enigma, first found by a user in Mystery, Alaska. I looked into the void and the void looked back. Then I lost interest. I can’t wait to be your new owner!
#51552
By OthersideDeployer
Alex in Wonderland
A figure, Alex, stands mostly naked in the midst of a physical and psychological maelstrom. He is clad only in nostalgic 80’s era socks, on a tenuous island between active waters and a variety of shark denizens. Sharks on the right side of the image are all beached, including a shark with a quartz crystal snout, an orange shark wrapped in a life buoy, and a shark further in the distance wearing an 80’s style shirt with the number “88”. On the left side is the largest shark, wearing bright glossy red lipstick and brandishing prominent teeth with braces. She is cordoned off from the figure by a roped float divider, and within her thought bubble is a warning symbol. Behind the figure, hovering in the air, are Grey aliens emerging from the distance, out of a series of elliptical UFO shaped interdimensional membranes. The Greys take on the visual form of spermazoa ostensibly impregnating the interdimensional thresholds. As is typical, these Greys inhabit a zone just behind the unconscious topology of Alex’s dissociative mind. Though Alex’s bottom half is representative, his top half mutates into a psychological cornucopia. In a manner akin to “Auto-Erotic Sphinx”, a predecessor work, the figure has self suctioned—an act of sensual infatuation, enjoyment, and exploration. Upward exists the figure’s primary conscious eye, adorned with a revolutionary beret emblazoned with a Bitcoin badge. The figure’s summit features the nose of a fighter jet facing off against video game Bullet Bills, one of whom is marked by a communist North Korean star. A cropped section of a UFO observes the contest. Alex’s mind branches both left and right. To the left is more singular embodied consciousness, manifesting two eyes and a Ganesh trunk grasping crayons. The right branch dissociates upward diagonally, emerging into an array of eyes, faces, teeth, tail, a unicorn horn, and much more—all of which participate in expressing his unconscious being; a democracy of psychic factions representing thought impressions and associations. All illumination and darkness– fernal, infernal, high consciousness and corporeal underbelly–reside in this realm. In the distance are relatively languid, light clouds, and against the firmament hovers a colossal distant eye peering over the scene and far beyond. This painting possesses underlying genetic traits with previous works such as “Auto-Erotic Sphinx with Toys”, “Dionysus”, and “Fuku-Shiva”. The work serves also as a nod to an earlier period of art inspiration during late teens and early twenties— born out of the nakedness, vulnerability, curiosity, and wonder inherent to coming of age and all subsequent psychedelic revelation.
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