Layer 1 Blockchain Aptos to Team Up with Microsoft for Digital Payments and Tokenization
In a bid to simplify the complex world of web3 and bridge the gap between blockchain’s potential and user apprehension, Aptos Labs has joined forces with tech giant Microsoft. The partnership that intends to revolutionize tokenization and digital payments while offering an easy entry point into the complex world of blockchain technology has caused a surge in the Aptos token.
Aptos Labs launched the Aptos Assistant to increase the user experience for onboarding new web3 users. The tool, which is hoped to simplify entry into web3, connects web2 and web3 seamlessly for the common internet user and organizations alike. The Aptos Assistant is a knowledgeable companion, answering Aptos blockchain queries in plain language. In addition to providing tutorials for new users, it also points developers in the direction of pertinent resources as they build smart contracts and decentralized apps.
The CEO of Aptos Labs, Mo Shaikh, emphasized the fusion of AI with blockchain, which he claims is a significant change, reshaping the digital environment. “Together with Microsoft, our shared vision is to ensure that this technology is accessible to more people and organizations than ever before,” Shaikh affirms.
Rashmi Misra, General Manager at Microsoft, echoed the idea and said, “the intersection of AI and blockchain is one of the most interesting combinations of emerging technologies and can generate transformational use cases.”
The partnership is an ambitious move forward in the growth of web3 usage in financial services and may include asset tokenization, payments, and even central bank digital currencies. Aptos will also increase the security and dependability of its blockchain by hosting validator nodes on Microsoft’s Azure network.
Aptos Labs’ driving force consists of talented engineers who have dealt with the intricacies of blockchain on a large scale. Their experience highlights Microsoft and Aptos’ joint commitment to decentralization.
Aptos Token Up
Aptos Labs, the brainchild of Mo Shaikh and Avery Ching, is the developer behind layer 1 blockchain Aptos with its native APT token. The former Facebook employees aim to streamline network tools and improve usability, bringing the advantages of decentralization to a wider audience. Several well-known investors, including a16z, Jump Crypto, Apollo Global, Franklin Templeton, Dragonfly, PayPal Ventures, and Coinbase Ventures, have raised more than $400 million for the company.
The relationship between Aptos and Microsoft has the potential for democratizing blockchain usage and ushering in an era of cutting-edge digital solutions as they set their sights on a collaborative future.
At the time of writing, APT, the Aptos token is at $7.34, up 9.34% in the past 24 hours, data from CoinMarketCap shows.
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