- Aptos has raised $150 million in a funding round led by FTX Ventures and Jump Crypto.
- The fundraising also attracted participation from Apollo, Griffin Gaming Partners, Franklin Templeton, Circle Ventures, Superscrypt, a16z and Multicoin.
- The company will use the funds to accelerate its Web3 strategy by building the foundation for the industry’s next growth phase.
Aptos has announced the successful completion of a $150 million funding round led by FTX Ventures and Jump Crypto. The fundraising also attracted participation from Apollo, Griffin Gaming Partners, Franklin Templeton, Circle Ventures, Superscrypt founded by Temasek, Andreessen Horowitz (a16z), and Multicoin Capital.
The company said it will use the funds to build a reliable foundation for Web3. “This funding comes at a critical time in our industry,” the company wrote in a blog post on Medium.
“At Aptos, we are taking this as an opportunity to build the reliable foundation web3 has been waiting for. This team has spent years building and battle-testing world-class technology that will dramatically elevate the usability and socialization of web3.”
Aptos blockchain is consumer-first, which means the company and its partners identify the consumer needs and then address them by building the most “performant and upgradable blockchain technology.”
The company is targeting key verticals within the blockchain space, including Gaming, Social Networks, Media & Entertainment and Finance, which it will be expounding on soon.
Overall, Aptos has now raised $350 million whilst also reaching 20,000 operational nodes at devnet stage.
Aptos joins a growing list of blockchain infrastructure providers looking to build highly scalable blockchains. Last week, Polygon launched its Zero-Knowledge Ethereum Virtual Machine (zkEVM), capable of completing 100,000 transactions per second.
The L2 scaling protocol looking to leverage the scaling capabilities of Layer 2 blockchains and the security of the Ethereum network to offer the most secure and scalable blockchain in the market.
Aptos uses a proof-of-stake mechanism, which gives it scalability and fast execution of transactions. Leading decentralised apps including DeFi, gaming and non-fungible token (NFT) projects have all used Aptos, including Rarible, a leading NFT marketplace, Coinbase and BNB Chain, among others.
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