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After leaving Meta, ex-Diem employees raise $200 million for new blockchain project Aptos

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  • Ex-Diem employees have raised $200 million for a new blockchain project called Aptos.
  • The blockchain network plans to live sometime between July to September this year.
  • The founders are happy to be free of scrutiny after moving on from its parent Meta (formerly Facebook).

Mark Zuckerberg may have
given up on the idea of creating a cryptocurrency, but ex-Diem employees behind the project are happy to have a fresh slate to kick off their new blockchain project, Aptos.

Since departing Meta – formerly Facebook – we have been able to put our ideas into motion, ditch bureaucratic red tape, and build an entirely new network.

Statement by Aptos

The startup has raised $200 million to launch the new network after being
sold off by Facebook-parent Meta in February. According to the founders, former Meta employees Mo Shaikh and Avery Ching, leaving Facebook has been a blessing in disguise for the company – especially when it comes to scrutiny from the law.

The funding round was led by capital venture firm Andreessen Horowitz (a16z), which has pumped money into at least 50 crypto…

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