The venture capital arm of cryptocurrency exchange OKX Ventures and the Aptos Foundation announced the creation of the $10 million Ankaa fund to fuel the growth of the Aptos ecosystem and expand the adoption of Web3. The Ankaa gas pedal fund will support projects based on the Aptos blockchain, with a particular focus on DeFi, real assets, gaming, social media and artificial intelligence. The fund will be co-managed with Alcove, a gas pedal established last November.

Aptos, a Tier 1 blockchain, uses Move, a programming language developed by Facebook, to make transactions simple and secure. One of Aptos' main goals is to bridge the gap between DeFi and traditional financial and business institutions. In April, the developers announced a partnership with Microsoft, Brevan Howard and South Korean operator SK Telecom to provide institutions with an entry point into the DeFi world.

Investments and support from major players such as OKX Ventures and Aptos Foundation are creating a positive backdrop for the growth and adaptation of Web3 technology, accelerating new financial solutions and innovation across industries. The Ankaa Foundation will be an important step in integrating decentralized technologies into everyday life and business, providing new resources and support to projects for successful development.

The creation of such initiatives and the active participation of major players indicate a stable interest in the development of Web3 and cryptocurrencies. In the current market volatility, such funds can serve as a catalyst for new innovations and attract additional investors. This cooperation can significantly strengthen Aptos' position in the market and create new opportunities for projects in the field of decentralized technologies