BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home Uncategorized

Aptos Digital Coin Teams Up with Microsoft to Elevate Finance Tech

by BlockNews Team
August 11, 2023
in Uncategorized
Reading Time: 3 mins read
A A
1
SHARES
13
VIEWS
Share on XShare in TelegramShare on Reddit
  • Aptos Network’s own currency, Aptos (APT), jumps 12% in value after announcing a tie-up with Microsoft.
  • Microsoft’s Azure OpenAI tools will now be a part of the Aptos Network, sparking new opportunities in the finance sector.
  • Microsoft boosts the Aptos platform’s user experience and security, solidifying its position in the evolving Web3 environment.

The world of digital money is buzzing with the recent news that the cryptocurrency Aptos, managed by the Aptos Network, has declared its collaboration with tech leader Microsoft. This merger is laser-focused on pushing forward the future internet, widely known as Web3, into the corners of the banking world.

With this newfound relationship, the Aptos Network has gained access to Microsoft’s coveted Azure OpenAI tools. This is expected to break new ground in financial operations, ushering in features like transforming regular assets into digital ones, easing the process of online monetary exchanges, and laying down the groundwork for new-age digital currencies that central banks might back. Aptos spilled the beans on this exciting development with a public announcement made on August 9.

The brains behind Aptos Labs, Mo Shaikh, whose resume boasts stints at well-known outfits like Meta and BlackRock, can’t hide his excitement about blending AI and blockchain. In Shaikh’s eyes, these advanced tools hold the promise to reshape how the internet works, making a positive dent in the world.

To sweeten this partnership even more, Microsoft recently unveiled the Aptos Assistant, a smart chatbot with ChatGPT at its core. This virtual helper is all set to ease the shift for users transitioning from the familiar Web2 setting to the new-age Web3 atmosphere, offering guidance when they first dive in.

Taking things a step further, Microsoft is also putting its weight behind strengthening the safety nets of the Aptos Network. They have given Aptos Labs the thumbs up to set up validator nodes using Azure, ensuring smoother and safer deals on their platform.

But there’s a twist in the tale. Even with Aptos (APT) witnessing a surge recently, it’s way off its peak, showing a 63% drop from its golden figure of $19.93 back in January, based on figures from CoinGecko.

The Aptos Network’s journey started on October 17, after a solid four-year prep period. Brainchild of Mo Shaikh and Avery Ching, both with Meta roots, they successfully pulled in hefty investments. The numbers tell the story, with a cool $150 million in July and a further $200 million in March 2022, bagging support from bigwigs like Andreessen Horowitz, Coinbase Ventures, and FTX Ventures.

Microsoft Continues Navigating Crypto Waters

In a move indicating their interest in the evolving cryptocurrency landscape, Microsoft actively educates the public on digital currencies. On their platform, they explain how virtual currencies like Bitcoin operate on decentralized systems and compare their fluctuating values to traditional stocks. The tech company, however, urges caution, pointing out the limited acceptance of these currencies by mainstream retailers. Taking their commitment a step further, Microsoft joined hands with Aptos Labs to meld AI and blockchain.

The collaboration birthed the Aptos Assistant chatbot, which aids in demystifying the Aptos platform for users. The joint venture also delves into pioneering areas, like blockchain financial services and tokenization. Reflecting on their history, Microsoft’s early adoption of Bitcoin in 2014 is a testament to their forward-thinking approach. Clearly, the tech behemoth is set on shaping the blockchain and crypto future.

Tags: Aptoscrypto adoptionMicrosoft
TweetShareShare
Previous Post

Star Trek’s NFT Chapter Begins After US Trademark Nod

Next Post

Around The Block: Aug 11 Week in News

DON'T MISS THESE! HOT OFF THE PRESS

XRP at a Crossroads: Only Two Ways This Can Go
CRYPTO

XRP at a Crossroads: Only Two Ways This Can Go

June 20, 2025
TRON Breaks Resistance: Is a $1+ Move Coming?
Uncategorized

TRON Breaks Resistance: Is a $1+ Move Coming?

June 19, 2025
Solana Price Dips, But Optimism Grows for 2025 and Beyond
Uncategorized

Solana Price Dips, But Optimism Grows for 2025 and Beyond

June 16, 2025
Bitcoin Eyes Breakout as Traders Stay Cautious, Ethereum Heats Up
Uncategorized

Bitcoin Eyes Breakout as Traders Stay Cautious, Ethereum Heats Up

June 11, 2025
Analysts Believe XRP Could Be Headed Toward a $3 Breakout, But This Needs to Happen First
Uncategorized

Analysts Believe XRP Could Be Headed Toward a $3 Breakout, But This Needs to Happen First

June 9, 2025
Shiba Inu Set for Explosive 200% Surge Next Week, Analyst Predicts
Uncategorized

Shiba Inu Set for Explosive 200% Surge Next Week, Analyst Predicts

June 6, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.