BINANCE

Binance Labs Makes Strategic Investment in Aptos Labs for the Industry Adoption Acceleration

Binance Labs, the enterprise capital arm and innovation incubator of Binance, made a strategic funding in Aptos Labs, a Layer 1 blockchain constructed by a few of the unique creators, researchers, designers, and builders of the Diem blockchain, to speed up adoption of the decentralized ecosystem.

Aptos and Binance will work carefully collectively in rising the Aptos ecosystem via improvement, code assessment, infrastructure constructing, hackathons and way more – all to return quickly!

As a brand new, unbiased undertaking targeted on delivering the most secure and most scalable Layer 1 blockchain for all people, Aptos is including extra builders and supporters of the crew with the newly secured fund.

One of the values that Binance Labs sees in its future portfolio corporations is ‘how can this project change the industry’ and ‘the number of people who will use the product when it is launched’. “In that perspective, Aptos can contribute to bringing 100 million users to the crypto space with the mission to create universal and fair access to decentralized assets for billions of people”, stated Jeffrey Ma, Investment Director at Binance Labs. He added, “We also believe in the expertise that the Aptos Labs team has developed through building the Diem project.”

Bill Qian, Head of Binance Labs, stated “We believe in the same vision that Aptos sees – building a more reliable and scalable blockchain for everybody. Eventually, the blockchain that can be used by the masses will be able to drive mass adoption of users in a wide variety of applications and accelerate technological and business innovation in those fields. Users can expect a secure and seamless experience of blockchains.”

The undertaking has lately raised $200 million in a strategic spherical led by a16z crypto with the participation of Multicoin Capital, Katie Haun, 3 Arrows Capital, ParaFi Capital, IRONGREY, Hashed, Variant, Tiger Global, BlockTower, FTX Ventures, Paxos, Coinbase Ventures, and extra.

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