Aptos, a blockchain project in Layer 1, initiated the release of 24.8 million tokens on December 12, equivalent to 8.9% of its current circulating supply. Token unlockings are generally viewed as bearish events as they increase the asset’s supply by releasing coins from a vesting period, including to early investors. The native token, APT, appears...Read More
South Korea’s largest wireless carrier – SK Telecom – has announced signing a tripartite agreement with Aptos Labs and Atomrigs Labs. The latter serves as its technology partner. According to the official announcement on the LinkedIn post, the strategic partnership is expected to enhance SK Telecom’s affiliations with customer-preferred mainnets and decentralized applications(dApps). The focus...Read More
The market is getting ready for yet another month of token unlocks. Data suggest that there were substantial unlocks exceeding $10 million in November, featuring tokens such as SUI, IMX, HFT, APT, APE, AVAX, OP, and others. Nearly $400 million worth of assets will enter circulation following the unlock events. Token Unlock: November Edition According...Read More
Bakkt, the New York-based digital assets platform, has joined LightSpark as one of the first partners in a bid to offer Universal Money Address (UMA) for KYC-verified transactions on top of the Lightning Network for B2B clients. LightSpark is headed by CEO David Marcus, who was previously in charge of Meta’s ambitious Diem project that...Read More
October is gaining significance as several noteworthy projects, including Axie Infinity, Optimism, and Aptos, are gearing up for significant token releases. The trio is set to release more than $130 million into the market collectively, with Axie Infinity having the largest increase in the circulating supply of its AXS token at 11.5%. Axie Infinity’s AXS...Read More
According to CryptoRank Platform, the cryptocurrency market is about to witness seven substantial token unlocks this week. The first is scheduled for September 12, when the blockchain platform Aptos will release $24.8 million worth of APT into circulation. Events of this type could impact market liquidity and trading volume, thus spurring a price decline for...Read More
Aptos Labs has announced integrating Microsoft’s Azure OpenAI Service into the layer 1 blockchain led by ex-Meta employees. The company said that the integration of tech goliath’s AI marks a “crucial turning point,” in the Web3 space. The multi-year partnership forged with Microsoft is expected to ramp up accessibility for people to explore Web3 and...Read More
Crypto tokens worth upwards of $212 million are set to unlock this week. According to the latest data, five projects – Dao Maker (DAO), STEPN (GMT), Internet Computer (ICP), BitMEX (BMEX), Aptos (APT), The Sandbox (SAND), according to data compiled by DropsTab. The token unlocks could potentially create some significant sell pressure. Token Unlocks: Weekly...Read More
Aptos holders are gearing up for 4.5 million APT tokens to flood the markets, in an event scheduled for April 12th. The tranche is $53 million and represents 0.454% of the total supply. In a build-up leading to the event, APT has managed to outperform Bitcoin and the broader market. While Bitcoin’s YTD gains stood...Read More
