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Blocto Sets Up $3 Million Aptos Ecosytem Fund to Drive Growth

Blocto, a multichain wallet and cryptocurrency ecosystem, has established a $3 million Aptos Ecosystem Fund. The facility will assist projects in bringing new users onto the Aptos platform. Funding for prospective Aptos projects will be available through the Ecosystem Fund to advance the Aptos community and their shared mission. Both Blocto and Aptos have the same overarching goal of facilitating widespread use of blockchain applications.

Looking beyond the funding for the Aptos and Blocto ecosystems

Blocto won’t just give money to great projects; they’ll also help them through the difficult but essential step of finding and acquiring new users. It will also provide select Aptos teams with access to its internal and external investor networks. Also, it will provide marketing funding and a direct line of communication to the Blocto development staff. Blocto’s Aptos integration has been so successful that more than 300,000 people have created an Aptos wallet in just the first week, and the funding news follows on the heels of this success.

Blocto says it was drawn to Aptos because of the latter’s developer community momentum, despite the current market condition. Conversely, Aptos says Blocto fits well with the company’s unwavering dedication to the quality of the customer experience. The partnership will help Aptos projects expand faster. This, will, in turn, bring more people into the projects’ individual apps as well as their broader ecosystems.

Blocto is a multichain ecosystem and cross-chain wallet application. It was developed with the aim of making Web3 more accessible to a wider audience that isn’t tech-savvy. The onboarding process for the Aptos wallet in the app is so simple that users can complete it in under a minute. By October of 2022, Blocto had over 1.4 million users thanks to its accessibility. Furthermore, the ongoing bear market has reduced demand across the crypto industry, but portto, Blocto’s parent business, continues to turn a profit.