OKX Ventures and the Aptos Foundation, a global leader in blockchain technology, have jointly announced the launch of a new $10 million fund aimed at supporting the growth of the Aptos ecosystem and accelerating the adoption of Web3.

This fund will be used to develop an accelerator program in collaboration with Ankaa, designed to foster the growth of high-quality projects and applications on Aptos – a scalable Proof-of-Stake (PoS) Layer 1 blockchain that uses the Move programming language to make on-chain transactions more reliable, user-friendly, and secure. The accelerator will assist selected projects within the Aptos ecosystem by providing investment capital, expert guidance, market access opportunities, and connections to a vast network of experts from OKX Ventures, Ankaa, and the Aptos Foundation.

A panel of judges from the Aptos Foundation, OKX Ventures, and Ankaa will kick off the accelerator program by selecting five promising projects for its first cohort in September. Ankaa will be the initial investor in the accepted projects and will manage the day-to-day operations of the accelerator program. The initial focus areas for the accelerator program will include, but are not limited to, infrastructure, DeFi, RWA (Real-World Assets), gaming, social media, AI, and other key dApps that contribute to the development and evolution of the Aptos ecosystem and Web3 in general.

Over the past two years, OKX Ventures has invested in more than 300 projects across five continents with a capital scale of approximately $1 billion, covering most investment categories. Through its partnership with the Aptos Foundation, OKX Ventures aims to strengthen its support for advanced blockchain innovations and high-quality projects, committed to delivering long-term value to the ecosystem.

Applications for the Ankaa accelerator program are expected to open in August. OKX Ventures, the Aptos Foundation, and Ankaa encourage all interested developers and projects to reach out to the team via https://ankaalabs.typeform.com/accelerator.

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