Aptos Completes $200 Million Financing

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Today’s Cryptocurrency Headline

Aptos, a new public chain project established by former Diem team members, completed a strategic financing of US$200 million, led by a16z, and participating investors include Multicoin Capital, Katie Haun, 3 Arrows Capital, ParaFi Capital, IRONGREY, Hashed, Variant, Tiger Global, BlockTower, FTX Ventures, Paxos, and Coinbase Ventures, among others. It is reported that Aptos is a more scalable Layer 1 blockchain that will build its own decentralized network, and has officially launched its devnet (development network), which will allow developers to build on the Aptos blockchain prior to its public release. Experiments and builds are carried out on the platform, and the public release may be in the third quarter of this year. The Aptos team said that a number of companies including Anchorage, Binance, Coinbase, Livepeer, Moonclave, Paxos, Paymagic, Rarible and Streaming Fast have partnered with it to provide feedback and contribute code on the devnet.

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According to CoinShare, digital asset investment products saw $110 million in outflows for the week ended March 11 after reaching the highest inflows in three months the week before. BTC is almost flat over the last 24 hours, and it rose to an intraday high of $39,887 later in the session. Technical indicators are mostly neutral, and the trading volume is low, suggesting that a breakout or breakdown is likely this week.

 

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