OKX Ventures and Aptos Basis unveiled a $10 million fund to assist the expansion of the Aptos ecosystem and widespread adoption of Web3.
OKX Ventures is the funding arm of main crypto trade and Web3 know-how firm OKX, and Aptos Basis is constructing the Aptos blockchain, a scalable Layer 1 Proof-of-Stake (PoS) blockchain that makes use of the Transfer programming language to make on-chain transactions extra dependable, easier-to-use, and safe.
The fund shall be used to develop an accelerator program, operated in partnership with Ankaa and supposed to bolster the expansion of high quality tasks and functions constructed on Aptos.
The accelerator will present chosen Aptos ecosystem tasks with enterprise assist, targeted mentorship, go-to-market publicity, and entry to the in depth community of specialists from OKX, Ankaa and Aptos Basis mixed.
A panel of judges from the Aptos Basis, OKX Ventures and Ankaa groups will kick off this system by selecting 5 promising tasks to incorporate on this September’s inaugural accelerator cohort.
Ankaa will function the preliminary investor in accepted tasks and run the accelerator’s day by day operations. The accelerator’s key focus areas will initially embrace, however should not restricted to, infrastructure, DeFi, RWA, gaming, social, AI, and different dApps essential to the expansion and evolution of the Aptos ecosystem and Web3 on the whole.
“We see immense potential in Aptos, particularly due to its use of the Move programming language – a game-changer for creating secure and efficient smart contracts in the DeFi space,” stated OKX Ventures companion Jeff Ren, in a press release. “As we witness the next wave of adoption – spurred not only by the Ethereum and Bitcoin networks but beyond – we’re enthusiastic about the prospect of Aptos becoming a major player in the blockchain space.”
Ren added, “We’re fully committed to supporting Aptos ecosystem projects that enhance the fundamental infrastructure of the blockchain and Web3 space, and warmly welcome all interested developers to reach out to us.”
Over the previous two years, OKX Ventures has invested in over 300 tasks throughout 5 continents with a fund dimension of roughly $1 billion, masking virtually all funding tracks. Via the partnership with Aptos Basis, OKX Ventures goals to double down its assist and exploration of cutting-edge blockchain innovation and high-quality tasks, committing to driving long-term worth for the ecosystem.
“OKX Ventures’ vast network and robust expertise in supporting virtually all areas of the Web3 space is an invaluable resource for the Aptos ecosystem,” stated Aptos Basis head of grants and ecosystem Bashar Lazaar, in a press release. “The team’s commitment to fostering a conducive environment for innovation and growth aligns perfectly with our vision for Aptos. We’re excited to leverage their insights and resources to further foster the development of the Aptos ecosystem, and get some incredible projects off the ground.”
“With OKX and Aptos Foundation at the helm, this joint ecosystem growth fund and accelerator will prove critical to cementing Aptos as the Move-based L1 to prove out elusive use cases and onboard Web2 developers into Web3,” stated Mo Shaikh, CEO of Aptos Labs, in a press release. Aptos Labs’ ecosystem shall be offering blockchain assist and advisory efforts for the joint accelerator.
Purposes for the Ankaa accelerator program are set to open this August. OKX Ventures, Aptos Basis, and Ankaa welcome all builders and tasks to attach with their groups by way of this hyperlink.
