Non-fungible tokens (NFT) have the potential to be about more than just collectibles, Mohammad Shaikh, co-founder of layer 1 blockchain Aptos Labs, told CoinDesk TV’s “First Mover” on Friday.

“The way we think about NFTs is pushing the boundaries of what we’ve seen in previous generation blockchains,” Shaikh said. In the past, “you couldn’t really take them [NFTs] across different protocols [and] platforms,” he said.

Earlier this week, Aptos’ token, APT, surged to an all-time high, reaching a peak of $16.46, according to CoinDesk data. The token gained 350% in value since the start of the year.

According to Shaikh, Aptos is primarily banking on its established and incoming users and developers to drive the platform’s success. That’s despite pushback from those who worried that Aptos’ APT token distribution veered in favor of the platform’s investors and its foundation, which received nearly half of the 1 billion tokens issued during the October mainnet launch.