Jump Crypto and FTX Ventures led a $150m Series A round in Aptos Labs.

Jump Crypto, the cryptocurrency arm of the decades-old trading firm Jump Trading Group, and FTX Ventures, the venture capital arm of crypto exchange FTX, led a $150m Series A round in Aptos Labs, a layer 1 blockchain, with participation from Andreessen Horowitz, Multicoin Capital and Circle Ventures. "We've known for a while that, due to issues like outages and downtime, current blockchains are not fit for purpose when it comes to mass Web3 adoption. That's why we're building a blockchain to be the reliable foundation for Web3 that ushers in users from around the world to experience the benefits of decentralization," Mo Shaikh, Aptos CEO.