Aptos

Aptos is a [Layer 1](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) [Proof-of-Stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) (PoS) blockchain that employs a novel [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract) programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers. Aptos’s vision is a blockchain that brings mainstream adoption to [web3](https://coinmarketcap.com/alexandria/article/what-is-web-3-0) and empowers an ecosystem of [DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) to solve real-world user problems. The PoS blockchain can achieve a theoretical transaction [throughput](https://coinmarketcap.com/alexandria/glossary/throughput) of over 150,000 [transactions per second](https://coinmarketcap.com/alexandria/glossary/transactions-per-second) (tps) through parallel execution. In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round. Fast forward to July, the startup raised another $150 million in a Series A round led by Sam Bankman-Fried’s FTX Ventures and Jump Crypto. Two months later, Binance Labs made a strategic investment of an undisclosed amount in Aptos, bringing its valuation to $4 billion in September. On Oct. 18, 2022, Aptos announced the [mainnet](https://coinmarketcap.com/alexandria/glossary/mainnet) launch, while the Aptos genesis occurred on Oct. 12, 2022.