Hassan Maishera
The Aptos Foundation informed developers via X (formerly Twitter) on Wednesday that it has partnered with Thala Labs, a DeFi hyperapp, to launch a new $1M grant fund, igniting an ecosystem-wide DeFi initiative.
The DeFi initiative arrives with a fresh infusion of $1 million in grant funding, with sights already set to scale the grant fund to $5M as protocols launch. The Aptos Foundation will grant each project $250,000 and is targeting five talented projects. The projects will also receive other support, such as GTM guidance, engineering assistance, and more.
Aptos is a scalable layer-1 blockchain based on Move programming language. APT is the native token of the project. APT is up by 2% and is trading at $5.3622 per coin.
