Aptos Labs Grants $50,000 for Blockchain Research at Cornell University

• Aptos Labs, the newly launched blockchain built by former Diem developers, has issued a $50,000 grant to a Cornell University professor of computer science.
• The grant will be used to fund research in developing an approach to scale the performance of blockchains.
• Aptos Labs also announced that Stanford University Professor of Computer Science Dr. Dan Boneh has joined as an adviser.

Aptos Labs Issues Grant to Blockchain Lab at Cornell University

The newly launched blockchain built by former Diem developers has issued a $50,000 grant to a Cornell University professor of computer science. The grant will be used by the university to fund research in developing an approach to scale the performance of blockchains by building a secure, decentralized log on top of a Byzantine-tolerant database.

Layer 1 Blockchain Surges 400%

Aptos‘ native token has surged over 400% since the start of the year amid increased interest in NFT trading. Aptos Labs Co-Founder & CEO Mohammad Shaikh discusses the potential catalysts for the rally, the outlook for NFTs and layer 1 competition.

Stanford Professor Joins as Adviser

Aptos Labs also announced that Stanford University Professor of Computer Science Dr. Dan Boneh has joined as an adviser. Stan provides guidance on best practices for smart contract design and security audits on its blockchain platform and protocols.

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About Oliver Knight

Oliver Knight is a CoinDesk reporter based between London and Lisbon who does not own any crypto but follows @OKnightCrypto on Twitter