Aptos Labs, a layer 1 blockchain platform, has announced a partnership with Microsoft to expand global access to Web3 technology. This collaboration aims to leverage Microsoft’s Azure OpenAI Service to streamline and scale decentralized applications (dApps) built on the blockchain network.
Following the announcement, the price of the Aptos token saw a surge, rising by 18% to reach highs of $7.92 in early afternoon trading on Wednesday.
The partnership with Microsoft will enable Aptos Labs to tap into the artificial intelligence (AI) expertise of the tech giant. Aptos will utilize Microsoft’s infrastructure, including the Azure OpenAI Service, to develop new AI and blockchain-based products. These tools will make it easier for developers to release innovative applications on the Aptos platform.
By combining AI and blockchain technologies, Aptos Labs and Microsoft aim to make this revolutionary technology accessible to more individuals and organizations than ever before. The convergence of these technologies has the potential to shape the evolution of the internet and society as a whole.
Among the new AI-powered tools developed through this partnership is Aptos Assistant, a chatbot designed to streamline access to information about the Aptos ecosystem. Aptos will also integrate its native programming language, Move, into Github’s AI-powered Copilot service. These advancements will provide Aptos network developers with valuable data and resources necessary for the deployment of smart contracts and dApps.
Rashmi Misra, the General Manager of AI & Emerging Technologies at Microsoft, expressed the joint vision of Aptos Labs and Microsoft to democratize blockchain technology and enable seamless onboarding to Web3. The partnership aims to foster the development of exciting decentralized applications using AI.
It is worth noting that the integration of AI technology in the blockchain space is a growing trend. As the mainstream tech sector continues to forecast significant growth in AI, new crypto projects are emerging to leverage this technology for innovative advancements.
The partnership between Aptos Labs and Microsoft represents a significant step towards the mainstream adoption of Web3 technology. By combining their expertise, these two entities are poised to accelerate the accessibility and development of blockchain-based applications, revolutionizing various industries in the process.