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Binance Labs Boosts Investment in Blockchain Startup Aptos

  • Aptos Labs’s programming language motivates new funding
  • Blockchain firm’s valuation is up to $4 billion: Binance Labs
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Binance Labs, the venture capital arm of the world’s biggest cryptocurrency exchange, is increasing its investment in Aptos Labs, a blockchain startup founded by former Meta Platforms Inc. employees who worked on the company’s failed Diem stablecoin project.

Binance Labs chose to add to its investment in Aptos in part because of the programming language the company is using to build its blockchain, according Yi He, co-founder of Binance and the head of Binance Labs. Called Move, the language was supposed to power the Diem blockchain, and “is different from BNB Chain and Solana and is more efficient and secure,” He said in an interview in Paris.