Blockchain developer Aptos Labs collects $150m in funding

Aptos Labs has raised $150m in a funding round led by FTX Ventures and Jump Crypto.

Other backers included Apollo, Griffin Gaming Partners, Franklin Templeton, Circle Ventures, Superscrypt founded by Temasek, a16z crypto and Multicoin.

Aptos said the funding has come at a critical time for the industry. As a result, Aptos is using this as an opportunity to build ?the reliable foundation web3 has been waiting for.It is currently working with strategic partners to identify consumer needs and address them by shipping the most performant and upgradable blockchain technology.

The company claims to be creating the safest and most scalable Layer 1 blockchain. Its services are being used by Coinbase, Paymagic, Paxos, BNB Chain and many more.

The company currency supports the finance, gaming, social network and media industries, with plans to launch into other markets.

In a blog post announcing the funding, Aptos said, ?Thank you to all of our partners, who instantly recognized the second-to-none talent, technical excellence and executional capabilities of our team.

?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.span>

Last week, BlockSec raised $8m for its seed round. The company, which was founded in 2021, aims to build security into blockchain infrastructure.

FTX Ventures recently joined the $23m funding round of Cogni, a digital banking platform aimed at improving consumer lifestyles. The company is focused on bridging the gap between web2 and web3.

Jump Crypto recently led the $150m pre-Series B round of KuCoin, a global crypto exchange. The funding round put the company valuation at $10bn.

Copyright ? 2022 FinTech Global

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