MEXC Ventures, Foresight Ventures, and Mirana Ventures have partnered to establish a fund aimed at supporting promising projects on the Aptos platform.

Supporting Key Web3 Projects

The fund aims to provide financial and resource-based support to developers building projects using Aptos technology. It will play a pivotal role in the expansion of the Aptos ecosystem by supporting initiatives like the Aptos Code Collision, the flagship hackathon program for the Aptos community. MEXC Ventures, Foresight Ventures, and Mirana Ventures position themselves as key players in nurturing the development of the Aptos ecosystem.

Expanding Bitcoin's Role in Aptos

Recently, Aptos caught attention for its integration with Stacks, Bitcoin's layer-2 solution. This integration will enable Bitcoin to be used across dApps built on the Aptos network. A key feature of this integration is sBTC, a 1:1 BTC-backed asset that facilitates Bitcoin transactions on layer-2 networks like Stacks.

Partnership with Ripple and DSF Initiatives

In addition to venture capital funding, Aptos recently announced a partnership with Ripple and Hedera to launch the DLT Science Foundation (DSF). This nonprofit initiative aims to promote blockchain technology adoption across industries and academia. One of the first DSF initiatives is the launch of the MiCA Crypto Alliance to improve coordination among industry players navigating the regulatory landscape in the European Union.

The fund initiative and Bitcoin integration highlight Aptos' significance in the modern blockchain ecosystem, fostering innovation and growth.