Aptos giving $20 million to artists willing to create on its blockchain

Quick Take
- Aptos’ investment in artists could help increase the number of people and developers engaging with its blockchain.
- Competition is stiff among blockchains and scaling solutions.
- The $20 million to be awarded will be on top of $3 million Aptos has already disbursed.
Aptosâ quest to set itself apart has taken a new turn as the company announced a grant program which will award $20 million to âsupport artists and creatives of all mediumsâ who are willing to use the blockchain to realize their vision.
The Andreessen Horowitz-backed blockchain has made a name for itself thanks to a developer-friendly programming language, which was originally created by tech giant Metaâs Novi team. But competition among blockchains and scaling solutions remains thick. Rival chains and established players like Ethereum, Solana, Polygon and Cosmos each provide strong alternatives to Aptos.
The grants coming from the Aptos Foundation are the latest effort aimed at increasing the number of people and projects engaging with and building on Aptosâ chain. Aptos has been doubling down on investments and partnerships to achieve the expansion of a brand which aspires to serve billions of people. Recently, Aptos Labs invested in a popular Indian social media app Chingari, a rival to TikTok that will use Aptosâ blockchain.Â
For the $20 million artists grant program, those who wish to apply can do so on the Aptos Foundation website. If successful, Aptos said it will provide both funding and âaccess to the infrastructureâ needed to âmake the mostâ of the companyâs ecosystem.
Aptos said it has already given $3 million to artists and creators keen to craft web3 projects using its chain.
(Corrects to clarify the grants are coming from the Aptos Foundation.)
1-on-1 with Aptos Co-Founder Avery Ching
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