The investment arm of popular cryptocurrency exchange, OKX, OKX Blockdream Ventures, has announced the initiation of a $10 million project to assist startups within Aptos ecosystem.
According to the announcement, interested users can apply by sending their application to a specified email. With the program, OKX Blockdream Ventures will offer support for projects within the Aptos ecosystem. The project is aiming to assist startups in numerous ways. These ways include helping startups to identify and improve products and services. Also, it will help entrepreneurs in getting effective business partnerships that will help connect them with relevant customers, investors, and consultants.
Additionally, OKX Blockdream Ventures will support entrepreneurs with needed resources from around the globe. The investment arm will seek support for entrepreneurs from mainland China, Silicon Valley, Southeast Asia, and Latin America. The investment ventures will leverage its international network of media, communities, and influencers.
Further, it will promote startups that have been able to attract investment on different trading platforms. The Ventures, through the project, will recommend qualified startups to OKX. Then, the cryptocurrency exchange will provide access to these startups to use its products, user traffic data, brand endorsement, publicity resources, and others.
Reaction to the project
Meanwhile, the initiative has attracted the attention of a top executive of OKX Blockdream Ventures. The founder of OKX Blockdream Ventures, Dora Yue, said “We are delighted to partner with Aptos and look forward to working together to empower high-quality projects while supporting their development.”
Yue added that “OKX Blockdream Ventures looks forward to providing continuous support to companies built on Aptos. We will collaborate with these companies to create value for the blockchain industry while continuing to expand the sector and its user volume.”
Sidenotes about OKX Blockdream Ventures and Aptos
The investment arm of OKX is dedicated towards assisting entrepreneurs that contribute to the enhancement meant of the blockchain industry. OKX Blockdream Ventures has an initial capital of $100 million. Similarly, the firm is committed to attracting global resources for blockchain advancement.
Aptos is a layer-1 network that has high technical efficiency that addresses some shortcomings on Ethereum and the usual downtime on Solana. More so, the developer of Aptos built the network using Rust programming language. Using Move, Aptos can effectively provide solutions to problems with Ethereum.