Key Takeaways:
- OKX Ventures and Aptos Foundation launched a $10 million fund, Ankaa, to support the Aptos ecosystem and Web3 adoption.
- The fund, managed by Aptos, OKX Ventures, and Alcove, targets DeFi, real-world assets, gaming, social media, and AI projects.
- Aptos leverages Facebook’s Move programming language for reliable on-chain transactions, partnering with Microsoft, Brevan Howard, and SK Telecom.
The venture arm of cryptocurrency exchange OKX and the Aptos Foundation have launched a $10 million fund, named Ankaa, to support the growth of the Aptos ecosystem and promote broader Web3 adoption.
Managed by Aptos, OKX Ventures, and Alcove, the fund will focus on projects in decentralized finance (DeFi), real-world assets (RWA), gaming, social media, and AI.
Attention Builders, OKX Ventures is announcing 10M Fund and an Accelerator Program with Aptos, come and check out!!! https://t.co/RhwSokOoFe
— OKX Ventures (@OKX_Ventures) August 1, 2024
Aptos, a layer-1 blockchain, uses Facebook’s Move programming language to ensure reliable and efficient on-chain transactions, aiming to bridge DeFi with traditional finance and business institutions.
In April, Aptos developers announced partnerships with Microsoft, Brevan Howard, and SK Telecom to provide institutions with access to DeFi.
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