Palo Alto based blockchain network developer raised $150m in Series A funding led by FTX Ventures.
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Aptos Labs raises $150m in Series A funding
"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."
