Aptos (APT) recently announced that it would harness the power of Microsoft’s AI tools to boost Web3 adoption in banks and financial institutions. It is believed that the feat would be achieved by paving the way for the Aptos (APT) network to tap into Microsoft’s Azure OpenAI services to explore additional innovations in asset tokenization, which also includes on-chain payments as well as central bank digital currencies.
The CEO of Aptos, Mo Shaikh, expressed a sense of high hopes for AI-powered blockchain solutions following the announcement. Shaikh stated:
‘‘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.’’
The platform also announced the introduction of one of its new GPT-powered chatbots, dubbed the Aptos Assistant. The chatbot would play a fundamental role in helping users steer from Web2 to Web3 by offering continuous virtual guidance with the onboarding process. At the same time, Microsoft would ensure to boost the overall security of the Aptos network by allowing it to run a series of validator nodes on Azure.
Aptos (APT) continues Making Moves
The announcement immediately pushed the trading price of Aptos (APT) upwards by a staggering 17.6%. At the time of writing, the surge has cooled down considerably, as the token is trading for approximately $7.31 but it is still 10.68% higher than its last day’s price. The total market cap of Aptos (APT) currently stands at the $1.6 billion mark. Despite the extraordinary increase in its trading price, it is still necessary to remember that the APT token is still down by a whopping 62.9% from its all-time high of $19.92 on Jan 26, 2023.
Aptos Labs was launched after almost four years of development by former Meta employees to bring the company’s abandoned Diem project back to life. Currently, Aptos Labs is paving the way for the integration of Move, the platform’s programming language, onto Github’s Copilot service, which is an AI programming tool to support contract development, unit testing, formatting, and prover specifications.
It is a fact that blockchain developers throughout the crypto space have flocked to adopt AI technology over the course of the previous few months following the success of a series of AI tools. Venture capitalists are also diligently focusing more on AI as they plan on making its integration a key to fundraising and courting tech talent.