Public Chain Project Aptos Closed $200 Million in Financing Led by a16z

Aptos, a public chain project launched by former Diem team members, has closed a $200 million strategic funding round led by a16z with participation from Tiger Global, Katie Haun, Multicoin Capital, Three Arrows Capital, FTX Ventures and Coinbase Ventures. Aptos is said to be a scalable Layer1 blockchain and has formally launched its devnet, which will allow developers to experiment and build on the Aptos blockchain ahead of a public release, which the team hopes will happen sometime in Q3.