• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Wednesday, July 6, 2022
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

Binance Labs unveils strategic investment in Aptos Labs

News
by Paul Carpenter
29 March 2022
Binance Labs unveils strategic investment in Aptos Labs

Source: Unsplash

Share on FacebookShare on Twitter

Binance Lab, a venture capital division of the major cryptocurrency exchange Binance, announced a strategic investment in the blockchain project Aptos Labs on March 28.

Founded in 2021, Aptos Labs is a layer 1 blockchain project led by some of the former team members of Meta’s now-dissolved stablecoin project Diem (formerly Libra). The project was shelved after it failed to overcome regulatory hurdles tossed its way.

Binance’s interest in the project came after Aptos Labs raised $200 million in its funding round just four months after launching. The round was led by Andreessen Horowitz, with Tiger Global, Multicoin Capital, Three Arrows Capital, Coinbase Ventures, FTX Ventures, Paxos, Hashed, ParaFi Capital, and Katie Haun as participants.

With the latest funding, Binance plans to support the fund throughout its development stages, infrastructure building, hackathons, and code review. Bill Qian, Head of Binance Labs, said in the announcement:

“We believe in the same vision that Aptos sees – building a more reliable and scalable blockchain for everybody. Eventually, the blockchain that can be used by the masses will be able to drive mass adoption of users in a wide variety of applications and accelerate technological and business innovation in those fields. Users can expect a secure and seamless experience of blockchains.”

As a smart contract platform, Aptos seeks to compete with layer 1 blockchains like Ethereum (ETH), Terra (LUNA), and Solana (SOL) by adopting “Move,” which is based on the Rust programming language. The company has already launched the testnet and its mainnet is expected to launch in the third quarter of 2022.

 

Previous Post

MicroStrategy subsidiary obtains $205M loan from Silvergate to buy more Bitcoins

Next Post

Ukrainian Rescue Token is Launching

Paul Carpenter

Paul Carpenter

Paul is an avid researcher and fintech enthusiast, he loves the integration of blockchain and non-blockchain industries and writes about the most current news that impacts the market. His extensive experience helps the audience connect to his written piece.

Related Posts

New bipartisan bill seeks to make CFTC official cryptocurrency regulator

New bipartisan bill seeks to make CFTC official cryptocurrency regulator

by Gauri Bhatia
29 April 2022

Some US bipartisan lawmakers have submitted a bill that seeks to foster innovation in the cryptocurrency space and build a...

Animoca Brands establishes joint venture with OneFootBall following $300M round

Animoca Brands establishes joint venture with OneFootBall following $300M round

by Gauri Bhatia
29 April 2022

Hong Kong-based Web 3 giant Animoca Brands has now formed a strategic joint venture with OneFootball, Football news and media...

Goldman Sachs issues its first Bitcoin-backed loan: report

Goldman Sachs issues its first Bitcoin-backed loan: report

by Damien Martin
29 April 2022

Goldman Sachs has taken another bullish step towards the digital asset space, now offering Bitcoin-collateralized loans to its customers, media...

No Result
View All Result

Recent Posts

  • Understanding the Tokenomics of ZNT: DeFi protocol Zenith’s official token
  • Huobi Incubator kicks off Web3 Hackathon to foster next generation of Web3 start-ups
  • Huobi Incubator concludes BeWater DevCon 2022 encouraging dialogue amongst developer communities
  • Huobi Global and PrimeEarn provide one of the best experiences and profits
  • Sharknado Co-Creator and Snowpiercer Producer Launch New Token $FLIX to Revolutionize Indie Film
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News