FTX Ventures and Crypto Jump Back In A $150M Round Aptos
- July 25, 2022
- 0
The “Scalable Blockchain for Billions of People” team has closed a $150 million Series A funding round led by Aptos, FTX Ventures and Jump Crypto. 1/ Today, we
The “Scalable Blockchain for Billions of People” team has closed a $150 million Series A funding round led by Aptos, FTX Ventures and Jump Crypto.
1/ Today, we announced our $150 million Series A funding round. It is a testament to the technical expertise of our team, the strength and activity of our ecosystem, and the vision and value system we all share. https://t.co/GGnn4TY9Lw
— Aptos (@AptosLabs) 25 July 2022
Investments also came from Apollo, Griffin Gaming Partners, Franklin Templeton, Circle Ventures, Temasek’s Superscrypt, Andreessen Horowitz and Multicoin.
Including a seed round in March 2022, the startup has raised $350 million.
“Existing blockchains are not suitable for mass adoption due to outages and outages. […] Could be a reliable foundation for Aptos Web3. It will enable users from all over the world to experience the benefits of decentralization.”– said the CEO of the project, Mo Shaikh.
The founders of Aptos have previously worked on Facebook’s Diem (formerly Libra) project. In February 2022, Diem Association announced the sale of intellectual property and other assets related to the management of the payment network to Silvergate Capital Corporation.
On March 15, the team announced the launch of a testnet for developers. On May 16 and June 30, a large audience had access to two testnets (two more announced for July and August). Mainnet launch is expected before the end of the year.
Recall that in December 2021, the Mysten Labs blockchain startup from another group of people from Meta raised $36 million, including Andreessen Horowitz.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
