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Ex-Meta Engineers Raises $200M Backed By A16z Crypto To Build Layer-1 Blockchain Aptos
Summary: Aptos, a layer-1 blockchain developed by former Meta engineer Mo Shaikh and others, announces it has raised $200 million in a strategic funding round led by a16z crypto with participation from Multicoin Capital, Katie Haun, 3 Arrows Capital, ParaFi Capital, IRONGREY, Hashed, Variant, Tiger Global, BlockTower, FTX Ventures, Paxos, and Coinbase Ventures, among others. Aptos ...
Aptos, a layer-1 blockchain developed by former Meta engineer Mo Shaikh and others, announces it has raised $200 million in a strategic funding round led by a16z crypto with participation from Multicoin Capital, Katie Haun, 3 Arrows Capital, ParaFi Capital, IRONGREY, Hashed, Variant, Tiger Global, BlockTower, FTX Ventures, Paxos, and Coinbase Ventures, among others.
Aptos is aiming to build a scalable blockchain with faster transactions and lower fees than current blockchains like Ethereum or Solana. Aptos has officially launched its "devnet," which will allow developers to experiment and build on the Aptos blockchain ahead of a public release, which will be available in the third quarter.
The Aptos team said that a number of companies including Anchorage, Binance, Coinbase, Livepeer, Moonclave, Paxos, Paymagic, Rarible and Streaming Fast have partnered with the startup to provide feedback and contribute code on the devnet.
By Mary Liu
Tags: 3 Arrows Capital,a16z,Aptos,Crypto,Katie Haun,Meta,Multicoin Capital,ParaFi Capital
Link: Ex-Meta Engineers Raises $200M Backed By A16z Crypto To Build Layer-1 Blockchain Aptos [Copy]
