Aptos Labs programming language motivates new funding
Increasing its investment in Aptos Labs, a blockchain business created by former Meta Platforms Inc. workers who worked on Diem’s failed stablecoin project, is Binance Labs, the venture arm of the largest cryptocurrency exchange in the world.
The programming language that Aptos employs to create its blockchain is one of the factors that led Binance Labs to decide to raise its investment in the firm.
The blockchain company is valued at up to $4 billion.
In March, the company disclosed its initial investment in Aptos Labs. Including Andressen Horowitz, Multicoin Capital, and the infamous crypto hedge firm Three Arrows Capital among its investors, Aptos Labs just raised $200M at a valuation of over $1B. Then, in July, Aptos Labs raised another $150M, surpassing the two to raise her score.
The Move language, which varies from BNB Chain and Solana in that it is more effective and safe, was intended to be utilized on the Diem blockchain, according to Binance co-founder and head of Binance Labs Yi He.