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The next-generation layer-1 blockchain developed by Aptos Labs got constructed with security and user experience in mind and has received a strategic investment from Binance Labs, the venture capital arm and accelerator of Binance. This investment continues the initial round of funding announced in March of this year and strengthens Binance Labs' dedication to infrastructure development. https://twitter.com/BinanceLabs/status/1570420199647744000
Strategic Investment In Aptos Labs
Yi He, Co-Founder of Binance and Head of Binance Labs, said,
"We're excited to be working closely with the Aptos team. At Binance, we've always believed in the power of blockchain technology to benefit the masses, just like the Internet."
However, the industry's infrastructure gap continues to exist. The Aptos team's technological prowess might boost the blockchain infrastructure's scalability while supporting cutting-edge Web3 use cases. Aptos will use the cash obtained to grow the team and assist the development of its layer-1 infrastructure to keep creating a safe and scalable blockchain. The team will generate ecosystem initiatives and tools to help the Aptos community develop further. Mo Shaikh, CEO of Aptos, said,
"Aptos is inherently designed to address today's critical challenges around mainstream Web3 adoption."
Aptos Blockchain Is Continually Developing
With more than 350 developers working throughout the globe, Aptos has been creating its blockchain for the past three years. The Aptos blockchain will continuously develop and be upgradeable to accommodate both established and new Web3 use cases. The most creative developers in the world will have a place to call home at Aptos, where they can build robust applications for the future. The Aptos blockchain manages the crucial phases of a transaction using a parallelized and pipelined approach. Information distribution, metadata ordering, batch archiving, ledger certification, and other processes can all get carried out simultaneously. This layout best uses the available physical resources and increases hardware efficiency.