Venture Capital Firms Aptos Foundation and OKX Ventures Announce $10 Million Accelerator Program to Fuel Ecosystem Expansion
Aptos, OKX Ventures, and Ankaa Launch $10 Million Accelerator Program
Aptos Foundation, OKX Ventures, and Ankaa have joined forces to launch an accelerator program worth $10 million. The goal of this initiative is to support projects building on the Aptos blockchain and foster innovation in the Web3 space.
The Ankaa Accelerator acts as the operational arm of this partnership, utilizing Aptos Foundation's blockchain platform, OKX Ventures' investment expertise, and community support to drive development and adoption within the ecosystem.
Jeff Ren, a partner at OKX Ventures, is enthusiastic about Aptos becoming a major player in the blockchain space. He sees Aptos' Move programming language as a potential game-changer for creating secure and efficient smart contracts in the DeFi space.
Bashar Lazaar, Aptos' head of grants and ecosystem, shares Ren's excitement. He believes that leveraging OKX Ventures' insights and resources will help further foster the development of the Aptos ecosystem and get some incredible projects off the ground.
The program is designed to support projects critical to the growth and evolution of the Aptos ecosystem, particularly those focused on infrastructure, DeFi, RWA, gaming, social, and artificial intelligence.
The inaugural cohort of projects for the program will be selected by a panel of judges from Aptos Foundation, OKX Ventures, and Ankaa teams in September. Selected projects will receive venture support, focused mentorship, go-to-market exposure, and access to the extensive network of experts from OKX, Ankaa, and Aptos Foundation.
Alcove will serve as the initial investor in the selected projects and operate the program on a daily basis. The accelerator is open for interested projects to apply starting in August.
Bashar Lazaar views OKX Ventures' vast network and expertise in the Web3 industry as an invaluable resource for the Aptos ecosystem. He believes that the commitment of OKX Ventures to fostering a conducive environment for innovation and growth aligns perfectly with Aptos' vision.
In addition to the accelerator program, Aptos Foundation is partnering with OKX Ventures to launch a $10 million ecosystem and growth fund. This fund aims to further support the growth of quality projects and applications built on Aptos.
With this partnership, all three entities are demonstrating their commitment to the Aptos ecosystem and its future as a major player in the blockchain space.
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