September 19, 2024
Foresight Ventures has invested a significant amount of money in Aptos, a Layer-1 blockchain platform. The goal is to help Aptos grow faster and increase its liquidity. Aptos' CTO, Avery Ching, said this partnership will help Aptos become more popular in Asia and develop new web3 applications. This collaboration will also make Aptos a key provider of blockchain technology for future web3 projects. Aptos' scalable and flexible blockchain is important for achieving this goal. Foresight Ventures plans to invest more in the Aptos ecosystem.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
Aptos | September 19, 2024 | Strategic Investment | Foresight Ventures | Layer 1 |
Their CEO, Forest Bai, said they want to create practical blockchain solutions and expand into new markets, especially in Asia. Aptos' fast and innovative technology, including Block-STM and the Move ecosystem, is attractive to developers. Foresight Ventures' investment will make Aptos even better, which will lead to more people using web3 and accessible blockchain solutions.
About Aptos
Aptos Labs is a company dedicated to advancing the future of Web3, which is the next generation of the internet focused on decentralization. The team at Aptos Labs consists of visionaries, researchers, strategists, designers, and builders who are committed to creating innovative products and applications for the Aptos blockchain. Their goal is to redefine the user experience and make decentralized technologies more accessible to everyone. Aptos Labs works on various projects, including the Petra Wallet for secure asset management and Aptos Names for creating unique Web3 identities.
Website: https://aptoslabs.com/
About Investor
Investor: Foresight Ventures
Foresight Ventures is an investment firm focused on supporting innovative blockchain projects. They manage multiple funds, including a venture capital fund, an actively managed secondary fund, a multi-strategy fund of funds (FOF), and a private market secondary fund. With assets under management exceeding $400 million, Foresight Ventures aims to drive the long-term adoption of decentralized technologies.
Location: Singapore
Website: https://www.foresightventures.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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