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Blocto announces a $3M fund for the Aptos ecosystem

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Multi-chain crypto wallet and ecosystem, Blocto, has created a $3 million fund to support the Aptos Ecosystem.

Aptos blockchain houses several dApps that have gained attention in the crypto space such as wallets (Petra wallet, Martian wallet, Fletch Aptos wallet), and NFTs, (Aptos Monkeys NFTs, and Rekt Dogs).

Aptos blockchain is the product of former Meta employees, Mo Shaikh and Avery Ching. The Aptos Lab before the network went live had raised $350 million with participating investors such as Andreesen Horowitz and FTX Ventures.

Hsuan Lee, CEO and co-founder of Blocto explained that the track record of the Aptos project aligns with the goal of Blocto. The Aptos ecosystem has “accumulated a lot of momentum in the dev community, even in the current market situation,” he added.

Breakdown of the fund

The Blocto team shared that the grant will be in three different forms: 

  • Initial grant (General Grant, Early Bird Grant, and Exclusive Access that gives 1k worth of $BLT to all projects, 2K worth of $BLT to first ten projects accepted, and exclusive deals respectively.)
  • Boosted Grant that will be given to Aptos projects based on the number of users they onboard.
  • Blocto Morning Star Program where one project gains multiple advantages including access to investors, funds, marketing support and more.

Further requirements shows applicants must have a project, 1000 Twitter followers, integrate with the Blocto wallet, and fill the Blocto Fund application form.

The Blocto team also stated that further communication with interested projects will be via its official email, and team members of any project are not allowed to use individual accounts. The application started at the end of October, and will end in three months.

Read also;

Aptos Launches Mainnet and Token Amid Controversy, Price Nosedives

Aptos vs. Avalanche. What you should know

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