Blockchain startup Aptus Labs, founded by ex-Meta employees and people who previously worked on the Dim project, is attracting more and more investors day by day. In the latest investments, Binance Labs, the venture capital arm of the Binance exchange, announced an increase in the capital allocated to this project.
According to Mihan Blockchain and quoted by BinCrypto, Yi He, one of the founders of Binance and the director of Binance Labs, announced that one of the reasons for the increase in investment in the Aptos project after the first round of funding in March (Esfand) is the programming language of It is used in the construction of this blockchain.
According to him, Move programming language which was previously supposed to be used for the development of the Dim blockchain, it is more efficient and secure compared to the BNB and Solana chains.
According to Yihe, these investments demonstrate Binance Labs’ commitment to infrastructure development, which remains a bottleneck in the cryptocurrency industry. In fact, recent hacker attacks and frequent outages of some blockchain networks show the importance of developing blockchain infrastructure.
In this regard, he added:
We believe that the technical competition of the teams will improve the scalability of the blockchain infrastructure and pave the way for the expansion of the use of the third generation web.
Binance Labs did not specify the amount of its investment in the Aptos project. However, it is said The value of this investment is about 4 billion dollars.
Aptos project financing
Before Binance’s investment in March, Aptus’ project was valued at more than $1 billion. However, the project went on to double its value by raising $200 million from investors such as Andreessen Horowitz and Three Arrows Capital (3AC), as well as another $150 million in July.
Meanwhile, Aptus competitor Mysten Labs announced last week that it raised $300 million in new capital. With this investment, the value of Misten Labs has now exceeded 2 million dollars. It is interesting to know that Misten Labs’ SUI project, like Aptos, was launched by ex-Meta employees using the Move programming language.