recently released aptos (APT) for a blockchain cryptocurrency wallet, Martian has completed a $3 million preliminary round led by Race Capital.
According to a statement from the company, other backers include FTX Ventures, Superscrypt, Jump Capital and Aptos itself. No information was provided about Martian’s valuation.
Aptos (APT) Ecosystem’s New Crypto Wallet Receives Investment from Big Names
Martian is a web3 wallet that helps users manage their cryptocurrency holdings in the APT ecosystem. Coming out of the first Aptos hackathon earlier this year, the startup was founded by Utkarsh Sinha and Siddharth Jain, who are both in their final year of graduate studies at Columbia University.
Aptos is a new blockchain founded by Avery Ching and Mo Shaikh, who both previously worked on Meta’s Diem project. The blockchain was launched on the mainnet only last week, following public trading of its native token APT. FTX has raised $350 million this year alone from venture investors including Andreessen Horowitz and Multicoin Capital.
The chain uses Move, a programming language built on top of the Rust language used on the Solana blockchain. The Move language is one of the reasons why Sinha and Jain are excited to develop on Aptos.
“As a network, it has all the other features Solana has to offer like high speed, transaction processing, low gas fees, but Move is a great way for more developers to build in this ecosystem and make it more compatible with blockchain programs,” Sinha said.
*Not investment advice.
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