A $3 million Aptos-directed investment fund has been unveiled by Marc Cuban-backed Blocto, a multi-network portfolio company, with the aim of helping to recruit new Aptos users.

The Aptos Fund will be used to support exceptional ideas as well as provide financial support to projects.

Hswan Lee, co-founder and CEO of Blocto, commented on his company’s integration with Aptos:

We have been looking for promising blockchain systems with long-term potential, and Aptos caught our attention.

The project aims to make blockchain more accessible to regular users which is a big focus for us too at Blocto and it has gained a lot of momentum in the development community, even in the current market situation.

Read:Extension on Google Chrome steals private keys of cryptocurrency from its users

The statement also noted that only a select few Aptos teams will have access to Blocto’s internal and external investor base and financial marketing support.

Blocto’s merger with the Aptos ecosystem, according to Mo Shaikh, co-founder and CEO of Aptos, will enhance this environment for the community.

Commenting on the launch of the investment and partnership, Lee continued by saying:

Many of the Blocto team have been working in the Web 3.0 industry for several years now.

We know that this bear market is the best time to build and improve products in preparation for the next wave of cryptocurrency adoption.

Historically, continued development of these projects during downturns has the greatest impact when sentiment is reversed.

The introduction of the fund comes right after Blocto’s recent merger with Aptos, which reportedly resulted in more than 300,000 people creating an Aptos wallet within the first week.

Read:From History: Learn the story of the Bitcoin hack in 2010

Read also:

The “ImmuneFi” project launches a ranking list of rewards for those who reveal security vulnerabilities in Web 3.0 projects and protocols

Bitcoin closes at the highest daily candle since September 12, 2022