Share this article
Crypto Wallet Blocto Launches $3M Fund for Aptos-Based Projects
The layer 1 blockchain from ex-Meta employees made its mainnet debut last month with a limited ecosystem.
By Brandy Betz
Updated May 9, 2023, 4:01 a.m. Published Nov 3, 2022, 1:00 p.m.
Blocto, a Mark Cuban-backed multi-chain crypto wallet and ecosystem, has opened a $3 million Aptos Ecosystem Fund to help projects onboard new users, according to a press release provided to CoinDesk.
Aptos Labs, the company behind Aptos, was co-founded by Mo Shaikh and Avery Ching, former Meta employees who helped create the tech giant’s failed stablecoin known as diem. The high-profile layer 1 blockchain raised $200 million in a March funding round led by noted investment firm Andreesen Horowitz and then raised another $150 million in a July round led by FTX Ventures and Jump Crypto. However, the mainnet debut last month was shaky, with initially slow transaction times and a limited ecosystem as dozens of projects were still waiting to launch.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Blocto was founded in Taipei in 2019 by parent company portto and offers a wallet application and ecosystem that aims to make it easier for new users to enter the Web3 space through features such as email logins and universal gas or transaction fees. Blocto, which has raised $8.8 million in funding, according to Crunchbase, also supports the Ethereum, Solana, Flow, BNB Chain, Polygon and Tron blockchains.
"We've been on the lookout for promising blockchain ecosystems with long-term potential, and Aptos has caught our attention,” said Blocto co-founder and CEO Hsuan Lee in the press release. “It aims to make blockchain accessible for average users – a big focus for us at Blocto – and has accumulated a lot of momentum in the dev community, even in the current market situation."
Alongside the funding, Blocto will also offer the selected projects operational support, including access to Blocto’s investor base, financial marketing team and its developers.
Read more: Aptos Debuts Its Blockchain, Putting Millions in VC Dollars to the Test
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase rolls out stock trading, prediction markets and more in bid to become the ‘Everything Exchange’
Coinbase is dramatically expanding the assets available to trade on its platform, including novel cryptocurrencies, perpetual futures, stocks and prediction markets, starting with Kalshi.
What to know:
- Coinbase is expanding offerings on its platform, introducing hundreds of top stocks based on market cap, trading volume, etc, with plans to add thousands of additional stocks and ETFs over the coming months.
- Coinbase users will also be able to trade on the outcomes of real-world events like elections, sports, collectibles, and economic indicators, starting with Kalshi and more to be integrated over time.
- A new AI-driven wealth management advisory service has been introduced, as well as Coinbase Business to help startups and small businesses incorporate crypto.
Top Stories
