- The Next Move
- Posts
- It's not Aptos Autumn. It's FTX Fall 📉
It's not Aptos Autumn. It's FTX Fall 📉
Carl Lippert
November 10, 2022
Welcome to The Next Move a weekly newsletter keeping you up to date with whats next in Sui, Aptos and the Move ecosystem. 🚀
Funds are SAFE ( in the bank )
The last few days have been crazy. Watching the fall of FTX who has definitely invested in the ecosystem had some people spreading FUD. Execs where happy to chime in that funds are safe, and in the bank. 🤔 Think that over a few times.
Mysten Labs finance:
* 100% of our series A and series B raises are in USD
* 100% of the Mysten Labs treasury is in cash or government bondsOur hearts go out to those that are hurt by what's happening. Mysten Labs is unaffected otherwise. We are built for the long haul.
— Evan Cheng #SUI 🌊 (@EvanWeb3)
4:22 AM • Nov 10, 2022
A message to the Aptos community: no Aptos Labs or Aptos Foundation treasury is held by FTX.
The network will continue to operate as expected, without impact from these events.
We have a lot to be excited about and look forward to building for the future. Let’s Move.
— Aptos (@Aptos_Network)
11:26 PM • Nov 9, 2022
Aptos is running the Solana playbook with Google
We have seen similar pitches from the Solana team following Breakpoint. It appears the biz-dev people at Solana and Aptos both drink on the rooftop at Empire DAO and share tips. Google will run a full node and have Aptos data available in BigQuery. There will also be a joint grant where startups can get $APT + GCP credits to build.
Aptos and @googlecloud are partnering up again—and we've got big plans for 2023.
Building community is the most important thing we can focus on. Our partnership is aimed at moving the Web3 movement forward with community and strong tech at the heart.
— Mo Shaikh (@moshaikhs)
4:02 PM • Nov 10, 2022
Sui shares their feelings about tokenomics
We don't know much about when Sui will launch. Alonso whispered "less than 6 months" at the Sui builder house. But we do seem to be getting more public info about the basics of the planned tokenomics and cryptography.
1: lots happening today -- here's some thoughts on sustainable #tokenomics to clear your mind
in particular, can a finite supply token like $BTC 🟠 be economically viable in the long-run? these ideas influence @SuiNetwork tokenomics design 🧵👇
— Alonso de Gortari (@alonsodegortari)
3:58 PM • Nov 8, 2022
Aptos Links
Sui Links
For Devs
Jobs
AI Art Of The Week
Playing around with #dalle2. Dogemother of #Bitcoin.
— Jesse Powell (@jespow)
4:44 AM • Nov 9, 2022
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.