Foresight Ventures announced a multi-million dollar strategic investment in Layer-1 blockchain Aptos (APT). Following this development, the APT price began to rise rapidly.
Aptos CTO Avery Ching stated that this partnership will strengthen the presence of blockchain in the Asia-Pacific region and encourage the development of Web3 applications. Ching said, “This partnership will increase Aptos’ presence and resource allocation in the Asia-Pacific region. It is an important step towards realizing our vision of expanding Web3 use cases and positioning Aptos as the core infrastructure for the next wave of Web3 adoption.”
Forest Bai, CEO of Foresight Ventures, supported this vision, emphasizing that both parties are focused on developing user-friendly solutions in the blockchain space. “Aptos has built a strong developer-focused ecosystem thanks to its high-performance infrastructure, innovative features such as Block-STM, and the mature interoperability of the Move ecosystem,” Bai commented.
“The investment from Foresight Ventures will help open new markets and reinforce their shared commitment to creating accessible blockchain solutions.”
Foresight Ventures’ investment has been met with positive response in Aptos markets, with the APT price rising by more than 3% in the minutes following the announcement, according to TradingView data.
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