The “Scalable Blockchain for Billions of People” team Aptos has closed a $150M Series A funding round led by FTX Ventures and Jump Crypto.
Investments also came from Apollo, Griffin Gaming Partners, Franklin Templeton, Circle Ventures, Temasek’s Superscrypt, Andreessen Horowitz, and Multicoin.
Including a seed round in March 2022, the startup raised $350 million.
“Due to disruptions and downtime, current blockchains are not suitable for mass adoption. […] Aptos can be a solid foundation for Web3 . It will allow users from all over the world to experience the benefits of decentralization ,” said Mo Shaikh, CEO of the project.
The founders of Aptos have previously worked on Facebook’s Diem (formerly Libra) project. In February 2022, Diem Association announced the sale of intellectual property and other assets related to managing the payment network to Silvergate Capital Corporation.
On March 15, the team announced the launch of a testnet for developers. On May 16 and June 30, a broad audience got access to two testnets (two more were announced for July and August). Mainnet launch is expected before the end of the year.