* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Crypto startup Aptos raises $200M in hope to revive Diem blockchain

Date:

Share post:

Aptos on Tuesday announced that it has raised $200 million. Founded by former Meta employees who worked on Diem, Meta Platform Inc’s abandoned digital currency project, Aptos says it aims to “create universal and fair access to decentralized assets for billions of people”.

The round was led by venture fund a16z crypto with participation from Multicoin Capital, Katie Haun, Three Arrows Capital, ParaFi Capital, Tiger Global, and others.

Palo Alto-based Aptos employs around 25 people. Chief executive officer MO Sheikh explained to Bloomberg Quint why he and co-founder Avery Ching decided to launch the startup, “We did not feel right that something like this couldn’t make its way to market despite all the work that we had done.”

“Over the past months we’ve talked with hundreds of developers, brands, and companies about their projects; there’s a lot to be excited about. They’re building next-gen social media platforms, rich NFT experiences, Web3 games, creator-first media and entertainment businesses, cheap and secure payments, DeFi-integrated fintech products, and so much…

Read more…

Related articles

VeChain based NFT blockchain MMORPG launches whitepaper in trillion-$-market

VeChain-backed gaming metaverse ExoWorlds has launched its Whitepaper. The protocol aims to bolster user experience...

ChromaWay and the Inter-American Development Bank Collaborate to Improve Property Registration using the Chromia Blockchain

Stockholm, Sweden, 1st February, 2023, Chainwire According to a recent report published by the IADB,...

Fintech Engage People to Enable bp Customers to Pay with their Reward Points at the Pump

Engage People, which claims to be the only loyalty network that enables program members to pay with points...

Letter: Argentina and Brazil should heed fate of the Bolivarian ‘sucre’

The idea that Brazil and Argentina would benefit from a common single currency to replace their respective legal...