Business News Report Technology
August 09, 2023

Aptos Labs Partners with Microsoft to Develop AI-powered Dapps

Aptos Labs today announced a partnership with Microsoft to develop web3 solutions using Microsoft Azure OpenAI service. 

One of the notable initiatives in this partnership is the creation of Aptos Assistant, which serves as a chatbot and Web3 onboarding tool. Aptos Assistant aims to remove the barrier of entry to Web3 for non-crypto natives. Users will be able to ask the chatbot any question in natural language about the Aptos blockchain and receive answers. It can also guide developers towards relevant resources as they build smart contracts and dApps.

Another significant aspect of this collaboration is Aptos and Microsoft’s joint effort to explore the development AI and DeFi solutions, including asset tokenization, payments, and Central Bank Digital Currencies. These initiatives are aimed at driving Web3 adoption within financial services enterprises. In addition, Aptos will run validator nodes on Azure to enhance the reliabilty and security of the Aptos blockchain.

“The intersection of AI and blockchain is one of the most interesting combinations of emerging technologies and can generate transformational use cases,” said Rashmi Misra, General Manager, AI & Emerging Technologies, Microsoft.

“By fusing Aptos Labs’ technology with the Microsoft Azure Open AI Service capabilities, we aim to democratize the use of blockchain enabling users to seamlessly onboard to Web3 and innovators to develop new exciting decentralized applications using AI.”

This news comes ahead of a $30 million Aptos token unlock on Friday. According to a Coindesk report on Tuesday, 3.21 million tokens now worth $25 million will be distributed to the community, with the remaining going to the Aptos Foundation.

Following today’s announcement, the value of Aptos native token, APT, jumped over 9% from $6.73 to $7.93 at the time of writing this, according to CoinMarketCap. The 24-hour trading volume of APT has also surged by more than 500%.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

More articles
Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

Hot Stories

Top 10 Crypto Games to Invest in 2024

by Gregory Pudovsky
February 27, 2024
Join Our Newsletter.
Latest News

NFTs & Mining: A Digital Synergy

The rise in usage of the non-fungible tokens has changed the way we see and engage with ...

Know More

AI in Crypto

Explore the ever-evolving realm of artificial intelligence within the cryptocurrency sphere. Discover the transformative impact of AI ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Binance Labs Invests in Babylon Protocol to Support the Advancement of Bitcoin Staking
Business News Report
Binance Labs Invests in Babylon Protocol to Support the Advancement of Bitcoin Staking
February 27, 2024
Photoroom Raises $43M Funding to Expand Generative AI Photo-Editing Model
Business News Report
Photoroom Raises $43M Funding to Expand Generative AI Photo-Editing Model
February 27, 2024
Safe Partners with Base to Promote Smart Accounts as Ethereum’s Default Ownership Standard
Markets News Report
Safe Partners with Base to Promote Smart Accounts as Ethereum’s Default Ownership Standard
February 27, 2024
Aerodrome Finance’s AERO Witnesses 127% Surge after CB Ventures’ Token Acquisition
Business News Report
Aerodrome Finance’s AERO Witnesses 127% Surge after CB Ventures’ Token Acquisition
February 27, 2024
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.