OKX Ventures and the Aptos Foundation jointly launch an ecosystem growth fund and accelerator to promote the growth of the Aptos ecosystem
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OKX Ventures and the Aptos Foundation jointly launch an ecosystem growth fund and accelerator to promote the growth of the Aptos ecosystem
The fund will launch an accelerator program to drive growth of key projects on Aptos in infrastructure, DeFi protocols, RWA, GameFi, and other areas.
Navigating Web3 tides with focused insightsOn August 1, 2024, OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, and the Aptos Foundation, a global blockchain leader, announced the launch of a new $10 million fund to support the growth of the Aptos ecosystem and broader adoption of Web3.
The fund will power an accelerator program operated in collaboration with Ankaa, designed to drive growth for high-potential projects and applications built on Aptos. Aptos is a scalable Layer 1 Proof-of-Stake (PoS) blockchain that uses the Move programming language to make on-chain transactions more reliable, user-friendly, and secure. The accelerator will provide selected Aptos ecosystem projects with venture funding, targeted mentorship, marketing exposure, and access to a combined network of experts from OKX, Ankaa, and the Aptos Foundation.
A jury composed of teams from the Aptos Foundation, OKX Ventures, and Ankaa will select five promising projects to join the first cohort of the accelerator this September. Ankaa will act as the initial investor for selected projects and manage day-to-day operations of the accelerator. Initial focus areas for the accelerator will include, but are not limited to, infrastructure, DeFi, RWA, gaming, social, AI, and other DApps critical to the development and evolution of the Aptos ecosystem and Web3.
Over the past two years, OKX Ventures has invested in over 300 projects across five continents, spanning nearly every sector, with a total fund size of approximately $1 billion. Through its partnership with the Aptos Foundation, OKX Ventures aims to increase support for cutting-edge blockchain innovation and high-quality projects, with a commitment to driving long-term value within the ecosystem.
Jeff Ren, Partner at OKX Ventures, said: “We see tremendous potential in Aptos, particularly due to its use of the Move programming language—a game-changer for building secure and efficient smart contracts in DeFi. As the next wave of adoption driven by Ethereum and Bitcoin networks unfolds, we are excited about Aptos’ potential to become a key player in the blockchain space. We are fully committed to supporting Aptos ecosystem projects, strengthening infrastructure in blockchain and Web3, and warmly welcome all interested developers to reach out to us.”
Bashar Lazaar, Grants and Ecosystem Lead at the Aptos Foundation, said: “OKX Ventures’ vast network and deep expertise in the Web3 space are invaluable assets for the Aptos ecosystem. Their team’s dedication to fostering innovation and growth aligns perfectly with our vision for Aptos. We’re thrilled to further accelerate the development of the Aptos ecosystem through their insights and resources, bringing some highly innovative projects to life.”
Mo Shaikh, CEO of Aptos Labs, said: “As a member of the Aptos ecosystem, Aptos Labs will provide blockchain support and advisory services to the joint accelerator. This joint ecosystem growth fund and accelerator, led by OKX and the Aptos Foundation, is crucial for solidifying Aptos’ position as the leading Move-based L1, validating novel use cases, and bringing Web2 developers into Web3.”
Applications for the Ankaa accelerator program will open in August. OKX Ventures, the Aptos Foundation, and Ankaa welcome all interested developers and projects to contact the team at https://ankaalabs.typeform.com/accelerator.
About OKX Ventures
OKX Ventures is the investment arm of OKX, a leading cryptocurrency exchange and Web3 technology company, with an initial capital commitment of $100 million. It focuses on identifying the best blockchain projects globally, supporting frontier technological innovation in blockchain, promoting healthy industry development, and investing in long-term structural value. OKX Ventures is dedicated to empowering entrepreneurs contributing to the blockchain industry by helping them build innovative companies and providing global resources and extensive experience to their projects.
https://www.okx.com/zh-hant/ventures
About the Aptos Foundation
The Aptos Foundation is committed to supporting the development of the Aptos protocol, decentralized network, and ecosystem, while promoting engagement with the Aptos ecosystem. By unlocking blockchains with seamless usability, the Aptos Foundation aims to bring the benefits of decentralization to the masses.
About Aptos Network
Aptos is a next-generation Layer 1 blockchain. Its breakthrough technology and Move programming language are designed to continuously evolve, enhance performance, and strengthen user protection. Visit https://www.aptosfoundation.org to learn more about the Aptos blockchain.
About Ankaa
Ankaa is a Web3 accelerator launched jointly by Aptos, OKX Ventures, and ALCOVE, dedicated to fostering innovation and helping founders thrive in Web3. Founded by experienced entrepreneurs and technical leaders from top Web2 and Web3 companies, Ankaa provides early-stage Web3 startups with funding, mentorship, and resources. Ankaa’s mission is to help visionary founders build blockchain applications and real-world use cases ready for mass adoption. Ankaa aims to transform innovative ideas into leading products and shape the future of the decentralized economy.
Disclaimer
This article is for informational purposes only and reflects the views of the author, not necessarily those of OKX. This article does not constitute (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Please consult your legal/tax/investment professionals regarding your specific circumstances. You are solely responsible for understanding and complying with applicable local laws and regulations.
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