Aptos Raises $150 Million from FTX Ventures and Jump Crypto

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Last Updated on July 26, 2022 by Bitfinsider

Aptos is being developed quickly by the team behind Diem, a project launched and abandoned by Meta (formerly known as Facebook). A new layer one blockchain built with Move, the programming language developed originally for the Facebook project.

Aptos announced today that it has received backing from major players in the cryptocurrency industry. The project’s team revealed in an official Medium post that they had successfully completed a $150 million funding round.

FTX Ventures and Jump Crypto led the round. Aptos has also received funding from Circle Ventures, Griffin Gaming Partners, a16z, Multicoin, and others.

According to the post Aptos plans to use the funds to “build the dependable foundation Web3 has been looking for.” The project’s team claims to have spent more than 7 years developing this layer one blockchain with an experienced team.

As a result, they are confident in “dramatically elevating Web3’s usability and socialisation.”

In addition to decentralisation and scalability, the project’s team is committed to providing a better user experience. Move, the platform’s blockchain language, will be a key component, providing Aptos with security, predictability, and flexibility.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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