APT
by BSCN
August 1, 2024
The first cohort of projects will be chosen by a panel of judges in September.
OKX Ventures, the investment arm of crypto exchange OKX, has teamed up with the Aptos Foundation toย launch a $10 million ecosystem growth fund. The fund, named Ankaa, aims to accelerate the development of projects on the Aptos blockchain.
Calling all BUILDers ๐ช@OKX_Ventures and @aptos announced a new $10m fund and accelerator dedicated to advancing innovation in Web3.
โ OKX (@okx) August 1, 2024
The accelerator will support key projects that are critical to the evolution and growth of the ecosystem.
More ๐https://t.co/oWnpG3CFZp pic.twitter.com/J309qRHJ4o
The primary goal of the Ankaa fund is to support projects in decentralized finance (DeFi), real-world assets (RWA), gaming, social, and artificial intelligence (AI).ย
ย
"OKX Ventures' vast network and robust expertise in supporting virtually all areas of the Web3 space is an invaluable resource for the Aptos ecosystem," said Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation. "The team's commitment to fostering a conducive environment for innovation and growth aligns perfectly with our vision for Aptos."
The Ankaa fund will be operated jointly by Aptos, OKX Ventures, and Alcove, Aptos' accelerator established last November. This partnership aims to introduce a range of financial products that leverage the strengths of both organizations. The fund will focus on:
Developing projects around DeFi, RWA, gaming, social, and AI.
Enhancing the utility of tokenized assets through new staking and re-staking processes.
Improving capital efficiency on supporting platforms.
The Ankaa accelerator program will provide selected Aptos ecosystem projects with venture funding, focused mentoring, and go-to-market exposure, as well as access to the extensive network of experts at OKX, Ankaa, and Aptos Foundation.ย
ย
A panel of judges from the Aptos Foundation, OKX Ventures, and Ankaa teams will choose five promising projects to include in the inaugural accelerator cohort starting in September.
Just yesterday, the Aptos Foundationย announced the launch of Ondo Financeโs yield-bearing stablecoin, Ondo US Dollar Yield (USDY), on the Aptos blockchain.ย
ย
This partnership aims to democratize finance and serve underserved communities by introducing financial products that combine on-chain native and real-world asset yields..
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
Latest News
2h : 59m ago
Everything We Know About OpenSea's New SEA Token
5h : 29m ago
Story Protocol & The IP Token: Deepdive
6h : 14m ago
What is BNB Chain? The Ultimate L1
9h : 29m ago
Six Charged in a Crypto Kidnapping Case in ChicagoโWhat Happened
11h : 59m ago
Everything We Know About Pi Coin Exchange Listings
12h : 14m ago
Core Foundation and Aethirโs $100M Ecosystem Fund: Key Details
14h : 29m ago
Ethereum ETFs Could Soon Offer Staking Rewards: Details
February 12, 2025
What is Quai Network and What Makes it Special?