Aptos Labs CEO Positions Digital Assets as Core Internet Infrastructure at U.S. Hearing

Aptos Labs CEO Avery Ching was invited to attend a U.S. Congressional hearing, where he emphasized the transformative potential of digital assets. Ching highlighted that digital assets are not merely speculative tools but a neutral infrastructure that is driving the development of the next generation of the Internet. This infrastructure is characterized by transparency, programmability, openness, and verifiability, making it a global digital public utility.

Ching pointed out that digital assets are providing crucial support for functions that are difficult to achieve in the traditional system, such as global governance and efficient payments. He believes that this new type of infrastructure will become as essential as electricity, running water, and roads, serving as the core infrastructure supporting future societal operations. Tokens, as the "blood" of decentralized systems, are a vital element in ensuring the stable operation of blockchain and its decentralized applications (DApps).

Ching's testimony underscores the growing recognition of digital assets as a foundational technology for the future. By emphasizing the neutral and transparent nature of digital assets, Ching aims to dispel the notion that they are solely speculative instruments. Instead, he positions them as a critical component of the next generation of the Internet, capable of supporting global governance and efficient payment systems.

The hearing marks a significant step in the mainstream acceptance of digital assets. Ching's arguments align with the broader narrative that digital assets are not just financial instruments but also technological innovations that can revolutionize various sectors. His comparison of digital assets to essential utilities like electricity and running water underscores their potential to become indispensable to modern society.

Ching's emphasis on tokens as the lifeblood of decentralized systems highlights their role in maintaining the stability and functionality of blockchain technology. This perspective is crucial in understanding the broader implications of digital assets, which extend beyond financial speculation to include the development of decentralized applications and global governance structures.

Overall, Ching's testimony at the U.S. Congressional hearing represents a pivotal moment in the evolution of digital assets. By framing them as a neutral and transparent infrastructure, he has contributed to the growing acceptance of digital assets as a transformative technology with the potential to reshape the future of the Internet and society as a whole.