AptosLaunch on course to raise $2 million in token round
AptosLaunch, a crypto startup offering a platform for Aptos-based projects to launch their tokens before an exchange listing, is on course to raise about $2 million in a token round. AptosLaunch's native ALT token but ultimately received commitments of more than $18 million, two people with direct knowledge of the matter told The Block.
AptosLaunch was set up in September by three pseudonymous founders named PC, ProfessorZundapp and Loco, according to a project summary document obtained by The Block. The project began raising funds last month. Aptos is a new Layer 1 blockchain co-founded by Mo Shaikh and Avery Ching, both former Meta employees who worked on the social media giant's Diem blockchain. Aptos launched its mainnet late last month. A number of new Aptos-based projects have also raised funds in recent weeks, including Thala Labs, Martian and Souffl3.
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