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Aptos Labs Awards $50k Grant, Supports Web3 in Higher Education

Published Feb 02, 2023 03:47AM ET Updated Feb 02, 2023 04:00AM ET
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Aptos Labs Awards $50k Grant, Supports Web3 in Higher Education

  • Aptos Labs has awarded Lorenzo Alvisi of Cornell University a $50k grant.
  • The award is a move to support Web3 in higher education.
  • Aptos (APT) was among the best-performing cryptos throughout January.

Lorenzo Alvisi, a Tisch University Professor of Computer Science at Cornell University, has been awarded a grant for $50,000 by Aptos. Aptos, a Layer 1 blockchain driving mainstream adoption into Web3 through unparalleled technology and user experience, granted the award to the professor to encourage Web3 innovation in higher education.

With aim of promoting Web3, Avery Ching, CTO and co-founder of Aptos Labs, stated:

We are delighted to support the work of Professor Alvisi’s students as they not only research novel blockchain systems but also develop real-world, scalable use cases and applications to benefit the future of the industry.

Reportedly, Alvisi will use the award to finance students’ research and establish an innovative method to increase the performance of blockchains, according to persons familiar with the development. This development will be accomplished by constructing the abstraction of a secure, fault-tolerant, decentralized append-only log on top of a Byzantine-tolerant database.

This client-centric redesign may allegedly eliminate concerns about leader-based blockchains’ fairness and ...

The post Aptos Labs Awards $50k Grant, Supports Web3 in Higher Education appeared first on Coin Edition.

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Aptos Labs Awards $50k Grant, Supports Web3 in Higher Education
 

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