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Aptos Labs supports Web 3.0 with a 50,000 USD grant and new advisor

Aptos Labs, a leading player in the blockchain industry, has announced its latest grant has been awarded to Professor Lorenzo Alvisi of Cornell Bowers University Computing and Information Science, CIS, to help support Web 3.0 innovation in higher education. The company has also announced that Dr. Dan Boneh, Professor of Computer Science at Stanford University, will act as an advisor.

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The 50,000 USD grant will fund research in building a secure, fault-tolerant, decentralized append-only log on top of a Byzantine-tolerant database. This new architecture will support highly concurrent transaction processing and eliminate concerns about the fairness of leader-based blockchains.

Dr. Dan Boneh, who is one of the most accomplished academics in the industry, has been appointed to the National Academy of Engineering and named Head of the Applied Cryptography Group and Co-Director of the Center for Blockchain Research at Stanford.

Impact

The grant and onboarding of an advisor will help address the current challenges in the Web 3.0 space, such as the lack of developers and the approachability of cryptographic tooling. This commitment to education and research will support the future of Web 3.0 and its students, driving innovation in the industry.

Aptos Labs' investment in education and research will bring positive results for the company and the Web 3.0 industry. The grant will provide students with skills to scale blockchain performance, and adding an advisor further proves Aptos Labs' commitment to innovation. Dr. Boneh’s expertise will bring valuable insights for the company's future. Meanwhile, their ongoing sponsorship of hackathons and meet-ups at top universities, coupled with their contribution to research through open-source contributions on GitHub, both show their commitment to advancing Web 3.0 technology.

In turn, as students gain more knowledge and skills with Web 3.0 technology and become talented developers, they will drive further innovation in the industry and contribute to the growth of the Aptos ecosystem.