Ex-Facebook Team's Blockchain Platform, Aptos Labs, Adds Prominent Global Advisors to Foster Decentralized Assets Adoption
Summary:
Aptos Labs, a layer-1 blockchain platform developed by ex-Facebook employees, has added new global advisers to its team, including ex-Google VP David Lawee. Its mission is to introduce decentralized assets to billions of people, using expertise from the new advisers to strengthen its ecosystem and further cryptocurrency usage. The news comes amidst upheaval in the cryptocurrency industry, with the collapse of firms like Three Arrows Capital from a lending crisis. Nonetheless, Aptos remains optimistic, with a market capitalization of $3.6 billion, ranking as the 31st largest cryptocurrency.
Aptos Labs, a blockchain platform designed by ex-Facebook workers, is making significant strides in its mission to provide billions of people access to decentralized assets. On May 9, the company announced the addition of global advisors, including a former Google executive, David Lawee. Lawee, who established Alphabet’s autonomous growth equity fund, Capital G, will leverage his extensive Web2 consumer expertise to push blockchain towards mainstream adoption.
Aside from Lawee, Aptos Labs also added Pamela Drucker Mann, Condè Nast Global’s chief revenue officer, and computer science professor at Stanford University, Dan Boneh, to its advisory board. Drucker Mann will concentrate on enhancing Aptos Labs’ ecosystem culture, whereas Boneh will be working on cryptography and cybersecurity research to further improve the platform's security and infrastructure.
According to Lawee, Aptos Labs is undoubtedly determined to foster greater financial empowerment, digital experiences, and global social connections. He expresses excitement in collaborating with the forward-thinking tech team to make Web3 reality for everyone.
This announcement comes approximately a year after Lawee left his position as CapitalG’s head in March 2023. He had been with Alphabet for 17 years, and upon his departure, Laela Sturdy became the new head of CapitalG.
During his tenure at CapitalG, Lawee gradually ventured more into the cryptocurrency industry. In 2021, CapitalG collaborated with Digital Currency Group (DCG), a leading cryptocurrency company ruled by CEO Barry Silbert. Lawee believed DCG would be among the few pioneers shaping the crypto industry's future.
However, a year after Lawee made these predictions, the crypto industry was struck with a lending crisis, resulting in the downfall of companies like Three Arrows Capital (3AC). This caused a chain reaction that significantly affected firms, including DCG. It incurred severe financial difficulties, causing some of its subsidiaries, like Genesis Global, to file for bankruptcy in January 2023.
Aptos Labs is where Lawee will resume his Web3 journey. The blockchain platform, founded by Mohammad Shaikh and Avery Ching in 2021, runs its native token, Aptos (APT), which ranks as the 31st largest cryptocurrency with a market capitalization of $3.6 billion as reported by CoinGecko.
From its inception, Aptos has secured $350 million in funding from investors, encompassing exchange venture capital arms such as Coinbase and Binance, and formerly solvent firms such as 3AC and FTX.
Published At
5/9/2024 4:00:00 PM
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