Companies are trying to expand their operations. However, it is impossible to achieve ambitious goals without money. Hopefully, Layer-1 blockchain developer Aptos Labs was able to find investors.

It has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups.

What’s interesting, the funding round was co-led by venture studios FTX Ventures and Jump Crypto, with additional participation from Circle Venture, Apollo, Andreessen Horowitz, and Franklin Templeton. The funding round more than doubled the startup’s valuation, which was over $1 billion as of March.

Layer-1 blockchain developer Aptos Labs was launched by former Meta employees Mo Shaikh and Avery Ching. They also had a role in advancing Mark Zuckerberg’s failed Diem project.

It is worth noting that Aptos’ blockchain uses Diem’s programming language, called Move, which reportedly makes transactions cheaper as well as more efficient. For example, Mysten Labs, another blockchain project to emerge from the ashes of Diem, also utilizes the Move programming language.

Even though the so-called crypto winter is upon us, venture capital continues to make strategic investments across the blockchain and crypto industries. Interestingly, venture firms invested $14.67 billion into the sector in the second quarter, basically matching first-quarter commitments. We need to mention that Web3, a broad concept that describes the next iteration of the blockchain-powered internet, attracted the most interest.

BitiCodes and users

Unfortunately, there is no lack of unverified information on the internet. One of the most important questions: “Is legit?” Yet, it is!

First of all, BitiCodes is a complete crypto auto-trading software. Its purpose is to help both beginner and expert traders make accurate and profitable trades. What’s important, BitiCodes offers quick and easy access to some of the most popular cryptocurrencies. Furthermore, with more than 560,000 current active users, it has made its place in the industry as one of the most reliable as well as accurate auto-trading software.

Lastly, the software is designed to catch opportunities in the market, and thanks to its highly accurate technology, it’s considered much safer than trading on your own, no matter what your experience level may be.

Aptos Labs and Mysten Labs

Apart from Aptos Labs, Mysten Labs, the research and development firm founded by former engineers from social media giant Facebook, also continues to expand its operations.

In December, it announced the completion of a $36 million funding round towards its goal of developing a Web 3.0 infrastructure platform.

It had raised $36 million in a Series A funding round led by Andreessen Horowitz with participation from Slow Ventures, Redpoint, Lightspeed, Coinbase Ventures, NFX, Scribble Ventures, Samsung NEXT, and others.

CEO Evan Cheng stated that the firm would use the funds to build the infrastructure necessary for cryptocurrency- as well as blockchain-focused firms to deliver technology.

In addition to developing Web 3.0 infrastructure, the firm said it planned to launch a “next-generation NFT platform for the Metaverse” in 2022.

Last but not least, founded in September 2021 by former cryptographical program engineers behind the blockchain architecture for Facebook’s crypto-payments platform Diem and mobile wallet Novi, Mysten Labs is led by CEO Evan Chang.

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