Binance Labs Doubles Down on Aptos Bet Ahead of Blockchain Launch
Binance’s venture capital wing said Thursday it is increasing its investment in upstart blockchain platform Aptos Labs.
In a blog post,
Bloomberg reported that Aptos Labs’ valuation is now up to $4 billion.
Aptos, staffed by former Facebook employees, is building a layer 1 blockchain using parts of the tech built for Facebook’s defunct Diem stablecoin project. It is approaching a mainnet launch expected for later this year and wooing decentralized finance (DeFi) builders in the run-up.