FTX Ventures and Jump Crypto Back Aptos in a $150M Round

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 outages and downtime, current blockchains are not suitable for mass adoption. […] Aptos can become a reliable basis forWeb3. It will allow users from all over the world to experience the benefits of decentralization.”, — said the CEO of the project, Mo Shaikh.

Aptos founders worked on the project in the pastDiem (formerly Libra) by Facebook. In February 2022, Diem Association announced the sale of intellectual property and other assets related to the management of the payment network to Silvergate Capital Corporation.

On March 15, the team announced the launch of the test networkfor developers. On May 16 and June 30, a wide audience got access to two testnets (two more were announced for July and August). Mainnet launch is expected before the end of the year.

Recall that in December 2021, the Mysten Labs blockchain startup from another group of people from Meta raised $36 million, including from Andreessen Horowitz.

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