Aptos Reaches New Milestone with Official Launch of Coin to Fungible Asset Migration on Mainnet

This development introduces the new fungible asset standard, AIP-63, which replaces the traditional coin standard.

Aptos mainnet now features Coin to Fungible Asset Migration, introducing the new fungible asset standard (AIP-63) to replace the traditional coin standard.

This standard enables seamless minting, transfer, and customization of fungible assets for diverse use cases on Aptos.

Aptos Improvement Proposal (AIP) 63 allows projects within the Aptos ecosystem to migrate from Coin to Fungible Asset without disrupting interoperability.

This migration is achieved by automatically creating a deterministic fungible asset paired for each coin type.

With AIP-63 now live on the mainnet, builders are encouraged to take the following actions:

As more projects shift from Coins to Fungible assets, the compatibility of fungible assets that aren’t linked to a coin type will diminish within the broader ecosystem.

Members of the Aptos ecosystem are urged to adopt and test the new standard promptly. The adoption progress will be closely monitored across the ecosystem. Once mass adoption is achieved, the Aptos framework will enable automatic migration from CoinStore to the PrimaryFungibleStore. Additionally, all new projects on Aptos will exclusively implement the Fungible Asset Standards moving forward.

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