Aptos Built By Meta’s DEV Team (FB) Raised $150M For Series A

Blockchain project Aptos continues to announce other huge fundraising information from many reputable investment funds in the cryptocurrency industry.

Aptos Successfully Raised $150M

On July 25, Aptos, the blockchain project that emerged from the collapse of Facebook’s Diem, announced the successful completion of a Series A funding round with a value of up to 150 million USD.

This latest investment round has the participation of many big names in crypto venture capital, including FTX Ventures, Jump Crypto, a16z, Multicoin Capital and Circle Ventures.

Notably, this is already the second hundred million dollar funding round of this new blockchain project in 2022, after the $200 million round in March. The raised money will be used to further develop projects and ecosystem expansion. Aptos has so far not released information about the coins used on the network nor the associated tokenomics.

In the wake of the collapse after years of development, the Diem stablecoin core team immediately launched a new platform to revive what was left of Diem, thus Aptos was born. Two former key Diem members, Mo Shaikh and Avery Ching, will act as CEO and CTO for this new project. Both left the company in December, before Diem was sold to Silvergate Capital in February of this year.

Even so, this ecosystem is still in the early stages of development and does not have many notable projects.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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