The next-generation layer-1 blockchain developed by Aptos Labs got constructed with security and user experience in mind and has received a strategic investment from Binance Labs, the venture capital arm and accelerator of Binance. This investment continues the initial round of funding announced in March of this year and strengthens Binance Labs’ dedication to infrastructure development. 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 Strategic Investment In Aptos Labs Yi He, Co-Founder of Binance and Head of Binance Labs, said, “We’re excited to be working closely with the Aptos team. At Binance, we’ve always believed in the power of blockchain technology to benefit the masses, just like the Internet.” However, the industry’s infrastructure gap continues to exist. The Aptos team’s technological prowess might boost the blockchain infrastructure’s scalability while supporting cutting-edge Web3 use cases. Aptos will use the cash obtained to grow the team and assist the development of its layer-1 infrastructure to keep creating a safe and scalable blockchain. The team will generate ecosystem initiatives and tools to help the Aptos community develop fur...
