Former Meta employees create new blockchain 

There is no question that Meta is going all in with web3 and their metaverse innovations. The company has rebranded itself to focus on the new web initiative. The company has also undergone large layoffs and a more strict working environment. Some Meta employees have found themselves looking for new employment and some have begun creating their own projects.

Aptos is a new blockchain startup that has been created by former employees of the social media giant. This morning the company announced a funding round led by FTX Ventures and Jump Crypto that led to $150 million in funds. The funding was brought to the company through investments made by Griffin Gaming PArtners, Franklin Templeton, Circle Ventures and Superscrypt as well. FTX Venures had joined in March with A16z , Tiger Global, and Multicoin Capital.

This new blockchain hopes to bring the technology to a wider audience, stating that “billions of people” were the goal. The platform currently is operating on a series of test sets and has yet to have a mainnet release though the plan is to release it sometime later in 2022. 

This new amount of funding has now brought the total to $350 Million so far and that funding will be used to invest in development and growth of the Layer 1 technology.

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