“We know this bearish market is the best time to build and refine products in preparation for the next wave of crypto adoption. Historically, those projects continuing development during downturns create the most impact when sentiment reverses.”
Blocto has announced a $3 million Aptos Ecosystem Fund to help projects onboard new users to Aptos.
Blocto is a cross-chain wallet application and multichain ecosystem built for non-technical users. Blocto supports the Ethereum, Solana, Flow, BNB Chain, Polygon, and Tron networks, and has recently integrated Aptos as well, driving more than 300,000 users to set up an Aptos wallet within the first week.
The $3 million destined for the Aptos acosystem will provide financial support to promising Aptos projects furthering their mutual mission. Standout projects will also be provided with support from Blocto during the challenging user acquisition phase.
Aptos projects will grow faster, with new users on their own apps
The best Aptos projects will gain access to Blocto’s in-house and external investor base, financial marketing support, and a communications channel with Blocto’s developer team in order to grow faster, attracting new users to their own applications,
Setting up an Aptos wallet in the Blocto’s app takes as little as 30 seconds, the firm said, having surpassed 1.4 million users in October 2022.
Hsuan Lee, co-founder and CEO at Blocto, commented: “We’ve been on the lookout for promising blockchain ecosystems with long-term potential, and Aptos has caught our attention. It aims to make blockchain accessible for average users — a big focus for us at Blocto — and has accumulated a lot of momentum in the dev community, even in the current market situation.
“Many from the Blocto team have been in the Web3 industry for several years already. We know this bearish market is the best time to build and refine products in preparation for the next wave of crypto adoption. Historically, those projects continuing development during downturns create the most impact when sentiment reverses.”
Edwin Yen, co-founder and COO at Blockto, said: “We share the same vision with Aptos in aiming to bring blockchain applications to mass-market adoption. With the security and performance provided by Aptos, empowered by Blocto’s user-friendly onboarding UX and UI, we are expecting prosperous ecosystem growth in the future.”
Mo Shaikh, co-founder and CEO at Aptos, stated: “Aptos places a laser focus on user experience, and we are happy to have Blocto join the Aptos ecosystem to reinforce this for the community.”