OKX Ventures and the Aptos Foundation have introduced a $10 million fund to support the growth and innovation of the Aptos ecosystem, focusing on DeFi, RWA, gaming, social, and AI projects.
Points
- Aptos leverages the Move programming language for secure transactions.
- The fund aims to support projects in DeFi, RWA, gaming, social, and AI sectors.
- OKX Ventures highlights the potential of Aptos in the DeFi space.
- The fund will provide venture funding, mentoring, and exposure for selected projects.
OKX Ventures, in collaboration with the Aptos Foundation, has launched a $10 million growth fund aimed at boosting the Aptos ecosystem. Aptos is a scalable, proof-of-stake-based Layer-1 blockchain that utilizes the Move programming language to enhance the security and reliability of on-chain transactions. This initiative underscores Aptos’s potential in various sectors, particularly DeFi.
Jeff Ren, President of OKX Ventures, emphasized the potential of Aptos in the DeFi sector due to its robust and efficient smart contract capabilities. He also highlighted the importance of integrating Artificial Intelligence （AI） with blockchain technology, believing that platforms like Aptos could revolutionize the sector.
The $10 million Ankaa fund, operated jointly by Aptos, OKX Ventures, and Alcove （Aptos’ accelerator）, aims to support projects in decentralized finance （DeFi）, real-world assets （RWA）, gaming, social, and artificial intelligence （AI）. The fund will focus on enhancing the utility of tokenized assets through new staking and re-staking processes, improving capital efficiency on supporting platforms.
The Ankaa accelerator program will provide selected Aptos ecosystem projects with venture funding, focused mentoring, go-to-market exposure, and access to the extensive network of experts at OKX, Ankaa, and the Aptos Foundation. A panel of judges from these organizations will choose five promising projects to include in the inaugural accelerator cohort starting in September.
Recent Developments
This partnership aims to democratize finance and serve underserved communities by introducing financial products that combine on-chain native and real-world asset yields.