Binance Labs Boosts Investment in Solana Killer’ Blockchain Aptos

Blockchain startup Aptos Labs, founded by former Meta Platforms employees who worked on the defunct Diem project, is receiving increased investment from Binance Labs, the venture capital arm of the world’s largest cryptocurrency exchange. The increased funding in Aptos, coming after a first round of funding announced in March. Prior to Binance’s first investment in March, the company had been valued at over $1 billion. After having raised $200 million from investors including Andreessen Horowitz and the maligned crypto hedge fund Three Arrows Capital, Aptos raised another $150 million in July, more than doubling its valuation.