Aptos Network is holding a vote on a major upgrade that includes new standards for creating fungible assets, a necessary step for handling on-chain asset classes such as tokenized real estate. The package, known as v1.5, contains a range of new and updated features for the Aptos blockchain. AIP-21, one of the changes, would improve the network’s capabilities for tokenized securities, real estate, in-game currencies, and other fungible assets. According to a proposal description, the existing standards of Aptos could not keep up with ‘creative innovations’ like restrictions on who can own an asset.
Other changes are tailored towards backend services, such as tracking the behavior of nodes, restoring nodes from cloud backups, and filtering out duplicate transactions from blocks. A developer-focused proposal will help them build cryptographic applications in Move, the coding language of Aptos. Staking rewards will fall 1.5% annually, a shift that would slightly limit payouts to token stakers who lend their assets to the network’s security.
At press time, Aptos’ native token APT was trading 3% lower on 24 hours at a price of $6.98. Representatives for Aptos did not return a request for comment.