OKX Ventures and the Aptos Foundation have launched a $10 million fund to accelerate innovation and growth within the Aptos ecosystem, focusing on DeFi, RWA, gaming, social, and AI projects.
Points
- The Ankaa fund supports projects critical to Web3 evolution.
- The partnership leverages OKX Ventures’ extensive network.
- Selected projects receive venture funding and focused mentoring.
- A panel will select promising projects for the inaugural accelerator cohort.
OKX Ventures and the Aptos Foundation have unveiled a $10 million fund to support and accelerate the growth of the Aptos ecosystem. The Ankaa fund aims to bolster projects in decentralized finance （DeFi）, real-world assets （RWA）, gaming, social, and artificial intelligence （AI）.
“OKX Ventures’ vast network and robust expertise in supporting virtually all areas of the Web3 space is an invaluable resource for the Aptos ecosystem,” said Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation.
The Ankaa fund will be operated jointly by Aptos, OKX Ventures, and Alcove, Aptos’ accelerator established last November. This partnership aims to introduce a range of financial products that leverage the strengths of both organizations.
https://x.com/okx/status/1818920121210917359
The fund will focus on:
– Developing projects around DeFi, RWA, gaming, social, and AI.
– Enhancing the utility of tokenized assets through new staking and re-staking processes.
– Improving capital efficiency on
supporting platforms.
The Ankaa accelerator program will offer selected Aptos ecosystem projects venture funding, focused mentoring, and go-to-market exposure. Participants will also gain access to the extensive network of experts at OKX, Ankaa, and Aptos Foundation. A panel of judges from these organizations will choose five promising projects for the inaugural accelerator cohort starting in September.
Recent Developments
In addition to the fund, recent developments include strategic investments by OKX Ventures in projects like Flock.io, a decentralized machine learning protocol, and MyShell, an AI application development platform. These initiatives demonstrate the commitment to fostering innovation in Web3, especially by integrating AI with blockchain technology.