TechFlow News, September 15 — According to official announcements, Binance Labs has revealed an increased strategic investment in Aptos Labs, marking a follow-up to the initial funding round announced in March this year. The financial terms of the investment were not disclosed. To further build a secure and scalable blockchain infrastructure, Aptos will use the funds to expand its team and advance the development of its Layer 1 platform. The team also plans to develop ecosystem programs and tools to further grow the Aptos community.
Yi He, co-founder of Binance and head of Binance Labs, said: "We are excited to work closely with the Aptos team. At Binance, we've always believed in the power of blockchain technology to benefit the masses, much like the internet. However, infrastructure remains a bottleneck for the industry. We hope Aptos' technical capabilities can bring greater scalability to blockchain infrastructure and support new use cases in Web3."Original link
