Aptos Labs and Jump Crypto announced that they will contribute to the $1 billion fund Binance plans to establish.
According to the published press release, Aptos Labs and Jump Crypto are both partners of Binance. Recovery Initiative (IRI) to the fund Contribution worth $50 million they will be found.
Fund planned to be established under the leadership of Binance Polygon Ventures, Animoca Brands, GSR, Kronos and Brooker Group also supports.
The $1 billion fund is dedicated to financially struggling crypto projects. will be used to support.
According to the statements made by Binance, the size of the fund, up to $2 billion in the near future if needed removable.