Layer 1 blockchain Aptos said on May 7 it will carry out a $50 million co-investment as part of efforts to expand artificial intelligence-based financial infrastructure.
The Aptos Foundation and Aptos Labs said the investment will allow them to continue developing their own financial platform and pursuing technical research, and they also plan to consider investing in companies in AI and institutional-grade asset management.
The investment will span existing investments and future plans, focusing on trading infrastructure and AI. Aptos has invested in related areas including projects incubated by Aptos Labs such as Decibel and Shelby.
Aptos Labs CEO Avery Ching (에이버리 칭) said, "Global capital and market participants have already settled into Aptos." He added, "This investment is to build infrastructure that meets the strict standards they require and to expand it into the next-generation AI economy."
Chi-gyu Hwang
delight@d-today.co.kr