TechFlow news — On March 15, Aptos, a new public blockchain project founded by former members of the Diem team, announced a $200 million strategic funding round led by a16z. Participants in the round include Multicoin Capital, Katie Haun, 3 Arrows Capital, ParaFi Capital, IRONGREY, Hashed, Variant, Tiger Global, BlockTower, FTX Ventures, Paxos, and Coinbase Ventures.
Aptos is a more scalable Layer 1 blockchain that will build its own decentralized network. Its devnet (development network) has now officially launched, allowing developers to experiment and build on the Aptos blockchain prior to its public release, which is expected in Q3 this year. The Aptos team stated that multiple companies—including Anchorage, Binance, Coinbase, Livepeer, Moonclave, Paxos, Paymagic, Rarible, and Streaming Fast—have already partnered with them to provide feedback and contribute code on the devnet.
According to reports last month, Aptos was aiming to raise $200 million at a $2 billion valuation to revive the Diem (formerly Libra) project.
