Building on Aptos? There's a New Web3 Accelerator for That

By Will McCurdy

The Aptos Foundation and web3 investor and accelerator Outlier Ventures have partnered to launch a new Web3 accelerator.

The Aptos Foundation works to promote the growth of the layer-1 blockchain Aptos, by building its network and developer ecosystem.

The in-person program, running out of Palo Alto, California, is set to provide early-stage crypto startups with mentorship, education, and $100,000 in funding.

Teams using Aptos’s Move language across use cases for DeFi, NFTs, and infrastructure projects will also receive customized support.

The Move language, which the Aptos blockchain is built on, allows developers to create smart contracts and was originally created to power Meta's now-defunct Diem blockchain project.

In addition, participants in the scheme will reportedly receive bespoke support in areas such as “product roadmap, community building, and entity structuring.“

The program kicks off this May and will last for 12 weeks. Applications for the program open today and will close in mid-April, 2023.

Aptos and Outlier investments

Outlier Ventures already has its fingers in many pies across the world of Web3.

Launched in 2014 by CEO Jamie Burke, Outlier Ventures has made around 199 investments as per Crunchbase data and has reportedly helped its projects to raise over $350 million in seed funding.

The Aptos Labs, the company behind the Aptos blockchain, which was only founded in 2021, has also been the target of investors of late.

The project raised a $200 million seed round in March 2022 with participation from notable investors such as Andreessen Horowitz, Tiger Global, and PayPal Ventures, which was followed by a $150 million Series A led by FTX Ventures in June 2022.

We’ve seen Aptos Labs make other investments in blockchain education in recent weeks.

Earlier this month, Aptos Labs announced a $50,000 grant award to Professor Lorenzo Alvisi of Cornell University in New York, a computer scientist working on distributed computing and game theory.

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