{"id":20960,"date":"2023-08-10T02:40:55","date_gmt":"2023-08-10T02:40:55","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/aptos-token-rises-11-6-after-microsoft-deal-to-marry-ai-with-blockchain\/"},"modified":"2023-08-10T02:40:57","modified_gmt":"2023-08-10T02:40:57","slug":"aptos-token-rises-11-6-after-microsoft-deal-to-marry-ai-with-blockchain","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/aptos-token-rises-11-6-after-microsoft-deal-to-marry-ai-with-blockchain\/","title":{"rendered":"Aptos token rises 11.6% after Microsoft deal to marry AI with blockchain"},"content":{"rendered":"
Aptos (APT), 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 by allowing Aptos Labs to run validator nodes on Azure, according<\/a> to the cryptocurrency firm.<\/p>\n The news \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 to CoinGecko.<\/p>\n\n