Layer 1 Blockchain Aptos Raises $150M From FTX, Jump Crypto

Key Takeaways

• Aptos Labs, a blockchain startup led by a group of ex-Diem developers, has raised $150 million dollars in a Series A funding round led by FTX Ventures and Jump Crypto.
• The raise takes the capital Aptos has landed this year to $350 million and reportedly brings the firm’s valuation to $2 billion.
• The broader crypto community has raised questions about the project’s touted capabilities and the sum raised.