PANews reported on October 14th that Aptos Labs co-founder Mo Shaikh and three former colleagues have established Maximum Frequency Ventures ( MF Ventures ), a crypto venture capital fund, and announced a $ 50 million fundraising round. The fund's LPs are family offices from the United States, East Asia, and Southeast Asia, with the four co-founders investing an undisclosed amount. MF Ventures has deployed $ 5 million to six startups, emphasizing the search for projects in Asia for incubation and deep engagement. Crypto VC investment in the second quarter fell 55% from the first quarter to $ 6.8 billion, bringing the total VC fundraising in the first half of the year to $ 50 billion. The Aptos token has a market capitalization of approximately $ 3 billion.