Mark Cuban-Backed Multichain Wallet Launches $3 Million Aptos Ecosystem Fund to Onboard New Users – Featured Bitcoin News

Blocto is a multichain wallet that has launched a $3,000,000 Aptos Ecosystem Fund. This fund will be used to onboard new Aptos users. Besides financially supporting projects, the Aptos fund will be used to back standout projects when they get to the “user acquisition phase.”

Access to Aptos’ in-House and External Investor Base

Blocto is a multichain wallet that also acts as a crypto ecosystem and has launched a $3,000,000 Aptos Ecosystem Fund. This fund will be used to onboard new Aptos users, which are layer 1 proof-of-stake blockchains. The launch of the fund follows Blocto’s recent integration with Aptos which reportedly saw “more than 300,000 users set up an Aptos wallet within the first week.”

According to News’s statement, Blocto has announced that it will use Aptos Ecosystem Fund funds to support mutually beneficial projects. Besides extending financial support, Blocto will also back standout projects when they get to the “user acquisition phase.” The statement added that only select Aptos teams will gain access to Blocto’s “in-house and external investor base and financial marketing support.”

‘Prosperous Ecosystem Growth in the Future’

Commenting on his firm’s integration with Aptos, Hsuan Lee, the co-founder and CEO at Blocto said:

We’ve been on the lookout for promising blockchain ecosystems with long-term potential, and Aptos has caught our attention. It aims to make blockchain accessible for average users — a big focus for us at Blocto — and has accumulated a lot of momentum in the dev community, even in the current market situation.

Lee’s fellow co-founder and Blocto’s chief operating officer (COO) said the firm entities shared a similar vision and both are optimistic that a “prosperous ecosystem growth in the future” is in the offing.

Mo Shaikh, the co-founder and CEO at Aptos, said he expects Blocto’s integration with the Aptos ecosystem “to reinforce this [ecosystem] for the community.”

Lee also shares his views on projects that are built when the market is bearish in this statement.

“Many from the Blocto team have been in the Web3 industry for several years already. This bearish market, we know, is the ideal time to develop and refine products for crypto adoption. Historically, those projects continuing development during downturns create the most impact when sentiment reverses,” Lee explained.

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Terence Zimwara

Terence Zimwara was a Zimbabwe award-winning journalist and writer. His work has covered both the economic woes of African countries, as well as digital currencies that can be used to provide an escape path for Africans.

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