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

Binance Labs, the venture capital arm and innovation incubator of Binance, has made a strategic investment in Aptos Labs, a Layer 1 blockchain built by a number of creators, researchers, designers, and builders. Initial construction of the Diem blockchain, to accelerate the adoption of ecosystem decentralization.

Aptos and Binance will work closely together on growing the Aptos ecosystem through development, code reviews, infrastructure building, hackathons and more – all coming soon!

As a new, independent project focused on providing the most secure and highly scalable Layer 1 blockchain to everyone, Aptos is adding more team builders and backers with new funds to be ensured.

One of the values ​​that Binance Labs sees in future portfolio companies is ‘how this project could change the industry’ and ‘how many people will use the product when it’s launched. market’. “In that view, Aptos can contribute to bringing 100 million users to the crypto space with a mission to create fair and global access to decentralized assets for billions of people,” said. know Jeffrey Ma, Chief Investment Officer 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“We believe in the same vision that Aptos sees – building a blockchain that is more reliable and scalable for everyone. Ultimately, blockchain that can be used by many people will be able to drive mass adoption of users in a variety of applications and accelerate technological and business innovation in those areas. Users can expect a secure and seamless blockchain experience. “

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The project recently raised $200 million in a strategic round led by a16z cryptocurrency with participation from Multicoin Capital, Katie Haun, 3 Arrows Capital, ParaFi Capital, IRONGREY, Hashed, Variant, Tiger Global , BlockTower, FTX Ventures, Paxos, Coinbase Ventures, and many more.

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