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Aptos Foundation Launches $100,000 Accelerator Program In California

Major layer-1 smart contract platform’s Aptos Foundation has launched an accelerator program with its partner Outlier Ventures. The california-based in person program will allow the web 3 startups to receiver mentorship and funding. It will also accelerate the growth of Aptos ecosystem by onboarding many dapps.

The participants will need to attend the program in-person in Palo Alto, California. The initiative is a result of the latest partnership between Aptos Foundation and Outlier Ventures. Teams will be using the Move programming language to build different decentralized applications.

Move is the programming language of Aptos blockchain. The language on which the whole Aptos blockchain is built was first introduced byMeta (Facebook) for its Diem blockchain project. However, the stablecoin project was discarded by Meta after it ran into some regulatory issues in the US.

Aptos Foundation Partners With Outlier Ventures

Outlier Ventures is a UK-based web3 accelerator that is already running several programs. Since its foundation in 2019, the firm has helped more than 200 projects in the web 3 space. It is also significant to note here that Aptos is not the only layer-1 partnering with Outliers Ventures. The UK-based web3 incubator is already running similar programs with Polygon, Filecoin and Zero-Knowledge (ZK) proof technologies.

The Aptos x Outlier Move Accelerator

The new addition in the Outlier Ventures’ accelerator programs will be known as ‘The Aptos x Outlier Move Accelerator’. The applications of the program have opened from today. The shortlisted early-stage projects will receive up to $100,000 in funding.

Aptos Total Locked Value – Source DeFi Llama

Crypto industry has seen a significant increase in accelerator programs since last year. This shows that the capital is still flowing into the industry as the projects keep building in the bear market. Aptos is relatively still a new ecosystem as the blockchain launched just a few months ago. However, its ecosystem is growing at a very rapid pace. The project has gained a lot of hype since its launch as it is lead by ex-Meta (formerly Facebook) employees.