"We've known for a while that, due to issues like outages and downtime, current blockchains are not fit for purpose when it comes to mass Web3 adoption," Mo Shaikh, Aptos' co-founder and CEO, said in the press release. "That's why we're building a blockchain to be the reliable foundation for Web3 that ushers in users from around the world to experience the benefits of decentralization."

https://www.coindesk.com/business/2022/07/25/aptos-labs-raises-150m-to-revive-diem-in-ftx-ventures-led-funding-round/