Web3 Evolution: OKX and Aptos Launch $10M Fund. Learn More!

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Goals and Priorities of the Ankaa Fund
  2. Partnership and Governance Structure
  3. Recent Developments and Prospects

    4. The development of projects on the Aptos blockchain is set to receive a significant boost, thanks to a new $10 million fund jointly launched by OKX Ventures and the Aptos Foundation. Named Ankaa, the fund aims to accelerate the growth of projects in the realms of DeFi, real-world assets (RWA), gaming, social platforms, and artificial intelligence (AI).

    Goals and Priorities of the Ankaa Fund

    The Ankaa fund will focus on supporting projects in these key areas:

    • Decentralized Finance (DeFi)
    • Real-World Assets (RWA)
    • Gaming Industry
    • Social Platforms
    • Artificial Intelligence (AI)

    Not only does the fund aim to foster growth in these sectors, but it also seeks to enhance the utility of tokenized assets through innovative staking and re-staking processes, improving capital efficiency on supporting platforms.

    Partnership and Governance Structure

    The Ankaa fund will be jointly operated by Aptos Foundation, OKX Ventures, and Alcove, Aptos' accelerator established last November. Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation, said:

    “OKX Ventures' vast network and robust expertise in supporting virtually all areas of the Web3 space is an invaluable resource for the Aptos ecosystem. The team's commitment to fostering a conducive environment for innovation and growth aligns perfectly with our vision for Aptos.”Bashar Lazaar

    The Ankaa accelerator program will offer selected Aptos ecosystem projects venture funding, focused mentoring, and go-to-market exposure through the extensive networks of experts at OKX, Ankaa, and Aptos Foundation. Five promising projects will be chosen for the inaugural accelerator cohort starting in September.

    Recent Developments and Prospects

    Recently, the Aptos Foundation launched a yield-bearing stablecoin, Ondo US Dollar Yield (USDY), developed by Ondo Finance on the Aptos blockchain. This initiative aims to democratize finance and provide underserved communities with financial products that combine on-chain native and real-world asset yields.

    The launch of the Ankaa fund represents a strategic move to strengthen and develop the Web3 ecosystem through innovative projects and collaboration. Projects supported by Ankaa will receive access to unique expertise and resources, accelerating their growth and increasing investment in the blockchain industry.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

US Treasury Targets BitBank in Sanctions Evasion Crackdown

The US Treasury has sanctioned BitBank, an Iranian exchange involved in facilitating Bitcoin payments for shipping companies in the Strait of Hormuz.

user avatarLi Weicheng

Solana Reclaims 105 Price Level After Market Dip

Solana's price recently fell to 96 after a marketwide dip but has since rallied to reclaim the 105 mark, experiencing a 56% increase in the last 24 hours.

user avatarAisha Farooq

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.