Quick take:
- The accelerator program will be operated in partnership with Ankaa, a joint project of Aptos OKX Ventures and ALCOVE.
- The program is geared towards fostering the growth of quality projects and applications built on Aptos.
- Selected projects will receive venture support, focused mentorship, go-to-market exposure, and access to the extensive network of experts from OKX, Ankaa and Aptos Foundation.
Aptos Foundation is teaming up with OKX Ventures, the venture arm of crypto exchange platform OKX, to launch a $10 million ecosystem and growth fund and accelerator for projects building on Aptos.
The accelerator program will be operated in partnership with Ankaa, a Web3 incubator jointly run by Aptos, OKX and ALCOVE, Asia’s Move developer community established by Aptos Alibaba Cloud.
The program seeks to foster the growth of quality projects and applications built on Aptos. According to the announcement, selected projects will receive venture support, focused mentorship, go-to-market exposure, and access to the extensive network of experts from OKX, Ankaa and Aptos Foundation.
A panel of judges from Aptos Foundation, OKX Ventures and Ankaa teams will select projects that will participate in the program’s inaugural cohort in September, with Alcove serving as the initial investor in the selected projects and daily operator of the program. The accelerator is open to interested projects to begin applying this August.
The accelerator initially targets projects focused on infrastructure, DeFi, RWA, gaming, social, and artificial intelligence that are critical to the growth and evolution of the Aptos ecosystem.
Commenting on the announcement, Jeff Ren a partner of OKX Ventures highlighted Aptos’ Move programming language as a potential game-changer for creating secure and efficient smart contracts in the DeFi space.
“As we witness the next wave of adoption – spurred not only by the Ethereum and Bitcoin networks but beyond – we’re enthusiastic about the prospect of Aptos becoming a major player in the blockchain space.”
Bashar Lazaar, Aptos’ head of grants and ecosystem sees OKX Ventures’ vast network and expertise in the Web3 industry as an invaluable resource for the Aptos ecosystem.
“The team’s commitment to fostering a conducive environment for innovation and growth aligns perfectly with our vision for Aptos. We’re excited to leverage their insights and resources to further foster the development of the Aptos ecosystem, and get some incredible projects off the ground.”
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