Layer 1 blockchain Aptos Labs just announced on Twitter that they raised $150 million in a Series A funding round. FTX Ventures and Jump Crypto led the round with participation from Andreessen Horowitz, Multicoin Capital, and Circle Ventures. Aptos Labs has now apparently raised $350 million this year as it looks to use its technology and programming language, Move.
Mo Shaikh, Aptos co-founder and CEO, stated:
“We’ve known for a while that, due to issues like outages and downtime, current blockchains are not fit for purpose when it comes to mass Web3 adoption. That’s why we’re building a blockchain to be the reliable foundation for Web3 that ushers in users from around the world to experience the benefits of decentralization.”
