09 May

Former Facebook employees have developed Aptos Labs, a layer-1 blockchain platform, with the goal of providing decentralized asset access to billions of people. The team recently announced the addition of new global advisors, including David Lawee, Google's former vice president of corporate development and founder of Capital G, Alphabet's growth equity fund. Lawee brings his extensive experience in consumer technology from Web2 to promote blockchain adoption on a mainstream level. 

Pamela Drucker Mann, chief revenue officer at Condè Nast Global, and Dan Boneh, a computer science professor at Stanford University, also join Aptos Labs' advisory board. Mann will focus on strengthening the platform's ecosystem culture, while Boneh will contribute research on cryptography and cybersecurity to enhance infrastructure and security.

Lawee expressed his enthusiasm for Aptos Labs' mission, highlighting the team's dedication to expanding financial empowerment and digital connectivity globally. His involvement comes after stepping down as head of CapitalG in 2023, where he had begun exploring opportunities in the cryptocurrency industry, including partnerships with Digital Currency Group (DCG). However, DCG faced financial challenges following the crypto lending crisis, impacting its subsidiaries like Genesis Global.

Aptos, founded in 2021, operates the native token Aptos (APT), which is ranked 31st by market capitalization. Despite facing setbacks in the industry, Aptos has secured significant investments from various sources, including venture capital arms of prominent exchanges like Coinbase and Binance. Lawee's appointment signifies a strategic move for Aptos as it continues to navigate the evolving landscape of Web3 technology.

May 2024, Cryptoniteuae

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