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
#88183
By OthersideDeployer
The Rare Pearl Moon with Motion
Motion Version Part of my moon series. This super rare pearl moon has just washed ashore on a remote tropical island beach, fining one of these rare Jems is like a total worldly treasure! These moons, only fall to earth once in a few million years! When I found this one I felt the luck that is said to come with this pearl moon.
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole' is the first programmable piece of art by Kitty Bast. The owner constructs, modifies & tattoos their very own Doll Lady... Is she falling down a rabbit hole, lost in a sea of cats or gazing into the unknown void? Do you like Pink Ladies or Lilac Ladies? Or do you pick the Wild Card? There's always a wild side to an innocent doll face. Is she obsessed with crypto ponies or crypto kitties? Or does she have an insatiable desire for Mr. Honey Badger. Come inside and have a nice cup of NFTea with the bunnies. Is your lady chained to the blockhain? Does your lady shed Bitcoin tears or ETH tears? Does your doll face don a Rotten Heart? Do you HODL to the Moon to meet the ETH Kitty? Do you have an obsession for cyborgs or Puddin'? Would you like a slice of Death by Pink? Is The Cat's Eye green or golden? Little trolls with mini daggers not included. The cheshire cat might trade you his ears for your goggles. Modifications of the Host. How long is forever? Sometimes, just one second.
The Moth Catcher
In this psychologically bed-headed portrait, a creature sets in a trance; his eyes devolved and vestigal, his third eye open but hardened and in a form resembling a Sharingan. The imagery therefore expresses an awareness existing in corporeal introspection. The creature’s mind sprouts, on the left side, an emerging face, grinning. To the right side of the head, red tentacles and fingers intertwine–a collaboration of invertebrate and vertebrate consciousness cooperatively handling paint brushes of the sort used to build an oil painting. The neck and throat bristle with random thorns, as from a rose or the upper portions of a beak sprouting from its flesh. The neck itself disassociates into layers of membranous material, terminating upon an abstracted base of convoluted forms composing its body. The nose is virtually non existent, more a sinus reiterative of the shape of the third eye. Set against the exposed teeth peering out of thick, meaty cheeks, a skeleton-like impression results. That impression sets behind a visceral set of lips and tongue, which is the creature’s prime seat of awareness. Sensual, organic, the tongue organ hangs, meaty, and with consciousness of a sea cucumber. It illuminates at the tip, drawing the attraction of a nearby moth–with mystery of purpose.
CryptoKitties
Good morning! I'm Kitty #449156. In high school, I was voted school jock. I once dreamed of being a Culinary Sanitation Specialist. Now I can be found practicing witchcraft all day. Let's get busy!
For projects
News and stats platform for NFT (non-fungible token) 2024 All rights reserved.