Foresight Ventures announces multimillion-dollar investment in Aptos to accelerate ecosystem growth
2024-09-19

Foresight Ventures has announced a multimillion-dollar strategic investment in Layer-1 blockchain Aptos.
The funding will be used to accelerate product development, enhance liquidity and support the advancement of Aptos' scalable and upgradeable Layer1 blockchain infrastructure, according to a press release.
Aptos CTO Avery Ching noted that the partnership will help expand the blockchain's presence in the Asia-Pacific region while promoting the development and innovation of web3 applications. "This collaboration will strengthen Aptos’ presence and resource allocation in the Asia-Pacific region, helping to realize our shared vision of creating broader web3 use cases, and further positioning Aptos as the core infrastructure for the next wave of web3 adoption," Ching said.
Foresight Ventures plans further support for the Aptos ecosystem
Foresight Ventures CEO Forest Bai echoed this vision, emphasizing both organizations’ commitment to building practical, user-friendly blockchain solutions aimed at advancing web3 adoption. Bai, who is The Block's Chairman, added that the investment marks the Foresight Ventures' initial step in supporting the Aptos ecosystem, with plans to allocate additional resources alongside ecosystem partners like Bitget.
"Aptos, with its high-performance infrastructure, innovations such as Block-STM, and the mature interoperability of the Move ecosystem, has built a robust, developer-centric ecosystem," Bai added. He emphasized that Foresight Ventures' investment would help unlock new markets while demonstrating their shared commitment to creating accessible blockchain solutions.
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