Aptos Voting to Enable Fungible Assets With Network Upgrade

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Aptos Voting to Enable Fungible Assets With Network Upgrade
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Aptos is holding a vote on network upgrades that include a new standard for fungible assets. $APT realdannynelson reports

The Aptos network is holding a vote on a major upgrade that contains new standards for creating fungible assets, a necessary step for handling on-chain asset classes like tokenized real estate.known as v1.5 covers a range of new and updated features to how the Aptos blockchain works and what its builders can do with it.

Aptos is among the newer so-called layer 1 blockchains that vie to support internet-based economies on decentralized infrastructure.would enhance the network’s capabilities when it comes to tokenized securities, real estate, in-game currencies and other fungible assets. Although Aptos already supported on-chain token issuance, its existing standards could not keep up with “creative innovations” like restrictions on who can own an asset, according to a proposal description.

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