More Support From Binance Labs for Aptos
Binance Labs is making an additional investment in the Aptos Labs layer-one blockchain, according to an announcement posted Sept. 15
Binance Labs is the venture capital arm of the world's largest cryptocurrency exchange Binance. The specific investment amount in Aptos was not disclosed.
We're excited to strengthen our partnership with @aptoslabs — a layer-1 blockchain designed to be upgradeable & evolve to support novel Web3 use cases.
This follow-on investment with Aptos represents #Binance Labs’ commitment to infrastructure building!https://t.co/GyAoPq8Fwd
— Binance Labs Fund (@BinanceLabs) September 15, 2022
Aptos said the newly raised money would help expand its development team and build more products for the ecosystem. The new investment follows Binance Labs’ initial investment in Aptos in March 2022, with a raised value of $200 million.
In July, Aptos continued to raise another $150 million from other supporters. Backers include...
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