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

SPX6900: The 100x Meme Coin Redefining the 2025 Bull Run
CRYPTO

SPX6900: The 100x Meme Coin Redefining the 2025 Bull Run

July 18, 2025
BlackRock Wants Staking in Its ETH ETF—TradFi’s Quietly Going Full DeFi?
CRYPTO

BlackRock Wants Staking in Its ETH ETF—TradFi’s Quietly Going Full DeFi?

July 17, 2025
Trump Media Dives Into AI with ‘Non-Woke’ Plans for Truth Social
Uncategorized

Trump Media Dives Into AI with ‘Non-Woke’ Plans for Truth Social

July 16, 2025
Hyperliquid Eyes $56 as Momentum and Institutional Backing Stack Up
Uncategorized

Hyperliquid Eyes $56 as Momentum and Institutional Backing Stack Up

July 16, 2025
Stellar (XLM) Leads Crypto Market Gains as PayPal Pushes PYUSD Integration on Stellar Network
CRYPTO

Stellar (XLM) Leads Crypto Market Gains as PayPal Pushes PYUSD Integration on Stellar Network

July 13, 2025
Solana, Stellar & BlockDAG: Three Crypto Contenders Heating Up for 2025
Uncategorized

Solana, Stellar & BlockDAG: Three Crypto Contenders Heating Up for 2025

July 13, 2025
Load More

Related News

Here’s Why Dogecoin’s Jumping Again Today

Here’s Why Dogecoin’s Jumping Again Today

July 18, 2025
PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

PEPE’s Making Noise, But Is RTX the Sleeper Hit of 2025?

July 18, 2025
Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

Is Polkadot Dead or Just Getting Started? Here is the Shocking Truth

July 18, 2025
President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

President Trump Says Crypto is Good for the Dollar, Claiming Genius Act Will Ensure America’s Dominance

July 18, 2025
President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

President Trump Officially Signs Genius Act Into Law: Here is Why This is Game Changing

July 18, 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 US Web3 X 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.