Aptos token rises 11.6% after Microsoft deal to marry AI with blockchain

Mo Shaikh, the CEO of Aptos Labs who formerly worked at Meta and BlackRock, signaled high hopes for AI-powered blockchain services:” Artificial Intelligence and blockchain technologies are rapidly assembling for one crucial reason: they are both generational breakthroughs that profoundly impact the advancement of the web and shape society.” One of the new tools, Aptos Assistant– a ChatGPT-powered chatbot– will aim to help users navigate from Web2 to Web3 by offering virtual guidance with the onboarding process.Microsoft will likewise improve the security of the Aptos Network by allowing Aptos Labs to run validator nodes on Azure, according to the cryptocurrency firm.The news– which was unveiled on Aug. 9, 12:30 pm UTC– instantly pushed APT up 17.6% to $7.92 within the very first 50 minutes prior to cooling off to $7.51 at the time of composing, according to CoinGecko.APT pumped almost 18% after the announcement. The Aptos Network released on Oct. 17 after 4 years of advancement.

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Aptos (APT), the cryptocurrency powering layer-1 blockchain Aptos Network, is up roughly 11.6% since revealing it will take advantage of Microsofts suite of expert system tools to advance Web3 adoption amongst banks and financial enterprises.This will be achieved by enabling the Aptos Network to take advantage of Microsofts Azure OpenAI service to explore innovations in possession tokenization, on-chain payments and main bank digital currencies, Aptos explained in an Aug. 9 statement.Today, were making Aptos history.@AptosLabs is partnering with @Microsoft to unlock Web3 on the @Aptos_Network. As an @msPartner, our joint suite of AI-supported tools will offer designers and users around the globe effortless access to Web3. (1/6) pic.twitter.com/zWsrVWhSql— Aptos Labs (@AptosLabs) August 9, 2023