Aptos (APT<\/a>), the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft\u2019s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises.<\/p>\n This will be achieved by enabling the Aptos Network to tap into Microsoft\u2019s Azure OpenAI service to explore innovations in asset tokenization, on-chain payments and central bank digital currencies, Aptos<\/a> explained in an Aug. 9 statement.<\/p>\n Today, we’re making Aptos history.@AptosLabs<\/a> is partnering with @Microsoft<\/a> to unlock Web3 on the @Aptos_Network<\/a>.<\/p>\n As an @msPartner<\/a>, our joint suite of AI-supported tools will offer developers and users around the world effortless access to Web3. (1\/6) pic.twitter.com\/zWsrVWhSql<\/a><\/p>\n \u2014 Aptos Labs (@AptosLabs) August 9, 2023<\/a><\/p><\/blockquote>\n Mo Shaikh, the CEO of Aptos Labs who previously worked at Meta and BlackRock, signaled high hopes for AI-powered blockchain solutions:<\/p>\n “Artificial Intelligence and blockchain technologies are quickly converging for one important reason: they are both generational breakthroughs that profoundly impact the evolution of the internet and shape society.\u201d<\/p><\/blockquote>\n One of the new tools, Aptos Assistant \u2014 a ChatGPT-powered chatbot \u2014 will aim to help users navigate from Web2 to Web3 by offering virtual guidance with the onboarding process.<\/p>\n Microsoft will also boost the security of the Aptos Network<\/a> by allowing Aptos Labs to run validator nodes on Azure, according<\/a> to the cryptocurrency firm.<\/p>\n The news<\/a> \u2014 which was unveiled on Aug. 9, 12:30 pm UTC \u2014 immediately pushed APT up 17.6% to $7.92 within the first 50 minutes before cooling off to $7.51 at the time of writing, according<\/a> to CoinGecko.<\/p>\n Related: <\/em><\/strong>Superblock raises $8M for \u201cOver Protocol,\u201d a new layer 1 blockchain focusing on lightweight full nodes<\/em><\/strong><\/a><\/p>\n Despite the price pump, the Aptos token is still down 62.9% from its all-time high price<\/a> of $19.92 on Jan. 26, 2023, according to CoinGecko. <\/p>\n The Aptos Network launched on Oct. 17<\/a> after four years of development. Aptos was founded by former Meta employees Mo Shaikh and Avery Ching, who also had a role in Meta\u2019s failed Diem project. <\/p>\n It closed\u00a0$150 million in funding in July 2022<\/a> and $200 million in March 2022<\/a> from the likes of Andreessen Horowitz, Coinbase Ventures and FTX Ventures.<\/p>\n Magazine: <\/em><\/strong>China\u2019s blockchain satellite in space, Hong Kong\u2019s McNuggets Metaverse: Asia Express<\/em><\/strong><\/a><\/p>\n<\/div>\n\n
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