Binance’s venture capital wing said Thursday it is increasing its investment in upstart blockchain platform Aptos Labs.
Bloomberg reported that Aptos Labs’ valuation is now up to $4 billion.
Aptos, staffed by former Facebook employees, is building a layer 1 blockchain using parts of the tech built for Facebook’s defunct Diem stablecoin project. It is approaching a mainnet launch expected for later this year and wooing decentralized finance (DeFi) builders in the run-up.
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