Web3 company Aptos raises $150 million in Series A funding led by FTX and Jump Crypto
Web3 unicorn startup Aptos, founded by former Meta programmers Mo Shaikh and Avery Ching, raised $150 million in a Series A round co-led by FTX Ventures and Jump Crypto.
Other participants included Andreessen Horowitz, Apollo, Circle Ventures, Franklin Templeton, Griffin Gaming Partners, and Superscript. In addition, the startup is still supported by a16z and Multicoin Capital, which were part of Aptos’ previous fundraising in March, along with Tiger Global.
The blockchain company has raised $350 million in 2022 and has set plans to invest in further developing the secure and scalable Layer 1 blockchain that uses Diem’s Move programming language. The funds will also advance the company’s ventures into the Web3 market.
Aptos has reportedly refused to declare its current valuation, but in March, the firm already exceeded $1 billion. One of the company’s goals is to introduce blockchain technology to a broader audience of people, and it has been working with strategic partners to recognize consumer needs. Another goal of Aptos is to “redefine how developers, brands, and consumers think of, and interact with, web3.”
The financial support will also address the following sectors: finance, social networking, gaming, media, and entertainment.
“Thank you to all of our partners, who instantly recognized the second-to-none talent, technical excellence, and executional capabilities of our team,” the founders of Aptos wrote in a blog. “We look forward to growing the Aptos team, product suite, and community with this funding. Our team will continue to deliver the most seamless experience in blockchain — developing the tooling and resources needed to foster a vibrant, secure, and user-focused ecosystem.”
Read related posts:
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].
More articles
Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].
