Back to News

Aptos Foundation Partners With Thala Labs

Twitter icon  •  Published 1 year ago on September 28, 2023  •  Hassan Maishera

The Aptos Foundation informed developers via X (formerly Twitter) on Wednesday that it has partnered with Thala Labs, a DeFi hyperapp, to launch a new $1M grant fund, igniting an ecosystem-wide DeFi initiative.

Aptos Foundation Partners With Thala Labs

The Aptos Foundation informed developers via X (formerly Twitter) on Wednesday that it has partnered with Thala Labs, a DeFi hyperapp, to launch a new $1M grant fund, igniting an ecosystem-wide DeFi initiative.

The DeFi initiative arrives with a fresh infusion of $1 million in grant funding, with sights already set to scale the grant fund to $5M as protocols launch. The Aptos Foundation will grant each project $250,000 and is targeting five talented projects. The projects will also receive other support, such as GTM guidance, engineering assistance, and more. 

Aptos is a scalable layer-1 blockchain based on Move programming language. APT is the native token of the project. APT is up by 2% and is trading at $5.3622 per coin.

XRP Leads Market Rebound, BTC Tops $97k
Next article XRP Leads Market Rebound, BTC Tops $97k

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.