OKX Ventures and Aptos Foundation jointly launch Ecosystem Growth Fund and Accelerator to promote Aptos ecosystem growth

August 1, 2024, the leading crypto assetexchangeOKX Ventures, the investment arm of Web3 technology company OKX, and globalBlockchainThe leader, Aptos Foundation, announced that it will jointly launch a new fund of US$10 million to support the growth of the Aptos ecosystem and the widespread adoption of Web3.

The fund will be used to develop an accelerator program, run in partnership with Ankaa, to drive growth for quality projects and applications built on Aptos. Aptos is a scalable Layer 1 PoS Blockchain, using the Move programming language to make on-chain transactions more reliable, easy to use andSafetyThe accelerator will provide selected Aptos ecosystem projects with venture support, focused mentorship, marketing exposure, and a joint network of experts from OKX, Ankaa, and the Aptos Foundation.

A jury consisting of the Aptos Foundation, OKX Ventures, and Ankaa team will select five promising projects and include them in the first batch of accelerator programs in September this year. Ankaa will serve as the initial investor in the selected projects and will be responsible for the daily operations of the accelerator. The initial focus areas of the accelerator will include but are not limited to infrastructure, DeFi, RWA, games, social,AIand others that are critical to the growth and evolution of the Aptos ecosystem and Web3DApp.

In the past two years, OKX Ventures has invested in more than 300 projects across five continents, covering almost all fields, with a fund size of approximately US$1 billion. Through its partnership with the Aptos Foundation, OKX Ventures aims to increase its investment in cutting-edgeBlockchainSupport and exploration of innovative and high-quality projects,Xiaobai NavigationCommitted to driving the long-term value of the ecosystem.

Jeff Ren, partner at OKX Ventures, said: “We see great potential in Aptos, especially because it uses the Move programming language, which was created in the DeFi space.SafetyEfficient intelligencecontract的游戏规则改变者。随着以太坊和比特币网络推动的下一波采用浪潮到来，我们对 Aptos 成为区块链领域重要角色的前景感到兴奋。我们完全致力于支持 Aptos 生态系统项目，增强区块链和 Web3 领域的基础设施，热烈欢迎所有感兴趣的开发者与我们联系。”

Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation, said: “OKX Ventures’ vast network and strong expertise in the Web3 space are invaluable to the Aptos ecosystem, and its team is committed to creating a favorable environment for innovation and growth, which is completely aligned with our vision for Aptos. We are excited to use their insights and resources to further the development of the Aptos ecosystem and promote the implementation of some of the most innovative projects.”

Mo Shaikh, CEO of Aptos Labs, said: “Aptos Labs is a member of the Aptos Ecosystem and will provide blockchain support and consulting work to the joint accelerator. Led by OKX and the Aptos Foundation, this joint ecosystem growth fund and accelerator will be critical to solidifying Aptos’ position as a Move-based L1, validating new use cases, and bringing Web2 developers into Web3.”

Applications for the Ankaa Accelerator Program will open in August this year. OKX Ventures, 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 a leading crypto assetexchangeThe investment arm of OKX, a Web3 technology company, has an initial capital of $100 million and focuses on discovering the best blockchain projects worldwide, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value. OKX Ventures is committed to supporting entrepreneurs who contribute to the development of the blockchain industry, helping them build innovative companies, and bringing global resources and rich experience to their projects.

https://www.okx.com/zh-hant/ventures

About Aptos Foundation

The Aptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem, and promoting interaction with the Aptos ecosystem. By unlocking blockchain 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. Aptos' breakthrough technology and programming language Move are designed to continue to evolve, improve performance, and strengthen user protection. Please visit https://www.aptosfoundation.org to learn more about the Aptos blockchain.

About Ankaa

Ankaa is a Web3 accelerator jointly launched by Aptos, OKX Ventures and ALCOVE, dedicated to promoting innovation and helping founders thrive in Web3. Founded by experienced entrepreneurs and technical leaders from top Web2 and Web3 companies, Ankaa provides funding, guidance and resource support to early Web3 startups. Ankaa's mission is to help visionary founders create blockchain applications and build real-world use cases 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 reference only and represents the author's views only, not the position of OKX. This article is not intended to provide (i) investment advice or investment recommendations; (ii) an offer or solicitation to buy, sell or hold digital assets; (iii) financial, accounting, legal or tax advice. Please consult your legal/tax/investment professional for your specific situation. Please be responsible for understanding and complying with local applicable laws and regulations.

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