{"id":172530,"date":"2024-10-03T11:04:21","date_gmt":"2024-10-03T11:04:21","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172530"},"modified":"2024-10-03T11:04:29","modified_gmt":"2024-10-03T11:04:29","slug":"aptos-labs-expands-in-asia-with-hashpalette-blockchain-integration","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/aptos-labs-expands-in-asia-with-hashpalette-blockchain-integration\/","title":{"rendered":"Aptos Labs Expands in Asia with HashPalette Blockchain Integration"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Aptos Labs Acquires HashPalette<\/span><\/strong><span data-preserver-spaces=\"true\">: Aptos Labs has expanded into the Asian market by acquiring Japanese NFT service provider HashPalette Inc., aiming to integrate Japanese businesses into its blockchain ecosystem.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Strengthening Presence in Japan<\/span><\/strong><span data-preserver-spaces=\"true\">: The acquisition will see HashPalette\u2019s Palette Chain migrate to the Aptos Network by early 2025, aligning with Aptos\u2019 role as the exclusive digital wallet provider for Expo 2025 in Osaka.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Market Reactions<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: The acquisition led to an 8% increase in Aptos (APT) price, while the Palette Chain\u2019s governance token (PLT) dropped by 15%, reflecting mixed market sentiments.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-aptos\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Aptos<\/span><\/a><span data-preserver-spaces=\"true\"> Labs<\/span><\/strong><span data-preserver-spaces=\"true\">, the developer behind the Aptos Network, <\/span><strong><span data-preserver-spaces=\"true\">has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/medium.com\/aptoslabs\/aptos-labs-to-acquire-hashpalette-major-move-into-japan-701be216e470\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">announced <\/span><\/a><span data-preserver-spaces=\"true\">a significant expansion into the Asian market by acquiring HashPalette Inc<\/span><\/strong><span data-preserver-spaces=\"true\">., a prominent Japanese NFT service provider. This strategic move aims to integrate Japanese businesses into Aptos\u2019 blockchain ecosystem and advance Web3 innovation in the region.<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BIG NEWS: We&#39;ve agreed to acquire <a href=\"https:\/\/twitter.com\/hashpalette_en?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@hashpalette_en<\/a>, the pioneers behind Japan&#39;s Palette Chain! This is a game-changer for Japan &amp; the Aptos ecosystem. \ud83c\udf0f<\/p>\n<p>This underscores our commitment to Japan, supercharging their booming digital economy with <a href=\"https:\/\/twitter.com\/Aptos?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Aptos<\/a> cutting-edge tech \u26a1\ud83c\udf10 <a href=\"https:\/\/t.co\/NjAYhT7ez1\" target=\"_blank\">pic.twitter.com\/NjAYhT7ez1<\/a><\/p>\n<p>&mdash; Aptos Labs (@AptosLabs) <a href=\"https:\/\/twitter.com\/AptosLabs\/status\/1841630980333044108?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 3, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Aptos Labs Plans to Enhance Blockchain Presence in Japan<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The acquisition,<\/span><\/strong><span data-preserver-spaces=\"true\"> announced on October 3, 2024, <\/span><strong><span data-preserver-spaces=\"true\">marks a pivotal step for Aptos Labs<\/span><\/strong><span data-preserver-spaces=\"true\"> as it seeks to strengthen its presence in Japan. <\/span><strong><span data-preserver-spaces=\"true\">HashPalette<\/span><\/strong><span data-preserver-spaces=\"true\">, previously a subsidiary of HashPort Inc., <\/span><strong><span data-preserver-spaces=\"true\">will migrate its Palette Chain<\/span><\/strong><span data-preserver-spaces=\"true\"> blockchain and associated applications <\/span><strong><span data-preserver-spaces=\"true\">to the Aptos Network<\/span><\/strong><span data-preserver-spaces=\"true\"> by early 2025. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This transition aligns with the upcoming Expo 2025 in Osaka, where Aptos will serve as the exclusive provider for the event\u2019s digital wallet system. <\/span><strong><span data-preserver-spaces=\"true\">Aptos Labs plans to leverage HashPalette\u2019s established relationships with Japanese businesses<\/span><\/strong> <span data-preserver-spaces=\"true\">to serve<\/span><span data-preserver-spaces=\"true\"> as a gateway to some of Japan\u2019s most influential companies.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172531\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/AptosLabsAndHashPalette.jpg\" alt=\"Aptos Labs Expands in Asia with HashPalette Blockchain Integration\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/AptosLabsAndHashPalette.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/AptosLabsAndHashPalette-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/AptosLabsAndHashPalette-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The integration will support local <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-web3\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Web3<\/span><\/a><span data-preserver-spaces=\"true\"> participants<\/span><\/strong><span data-preserver-spaces=\"true\">, including developers, NFT creators, and enterprises, with cutting-edge blockchain technology. Mo Shaikh, founder and CEO of Aptos Labs, emphasized the importance of this acquisition, stating: <\/span><\/p>\n<blockquote>\n<p style=\"text-align: center\"><span data-preserver-spaces=\"true\">\u201cThe agreement to acquire HashPalette and the migration of HashPort\u2019s Palette Chain into Aptos are critical first steps toward empowering Japanese enterprises and developers with advanced blockchain solutions<\/span><span data-preserver-spaces=\"true\">\u201d.<\/span><\/p>\n<\/blockquote>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Market Reactions and Future Prospects<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The market reacted favorably<\/span><\/strong><span data-preserver-spaces=\"true\"> to the announcement of the acquisition. <\/span><strong><span data-preserver-spaces=\"true\">Aptos (APT) saw a significant jump of almost 9%, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/coinmarketcap.com\/currencies\/aptos\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">climbing <\/span><\/a><span data-preserver-spaces=\"true\">to $8.32<\/span><\/strong><span data-preserver-spaces=\"true\">. This rise indicates that investors perceive the acquisition as a beneficial move for Aptos.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">In contrast, the price of PLT, the governance token of the Palette Chain, saw a decrease of 15%, reflecting uncertainty about the future of the Palette Chain as an independent entity.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The acquisition of HashPalette by Aptos Labs represents a significant milestone in the expansion of blockchain technology in Asia. By integrating HashPalette\u2019s resources and expertise, Aptos Labs is poised to redefine Japan\u2019s Web3 landscape and support the growth of blockchain innovation across the region.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Aptos Labs Acquires HashPalette: Aptos Labs has expanded into the Asian market by acquiring Japanese NFT service provider HashPalette Inc., aiming to integrate Japanese businesses into its blockchain ecosystem. Strengthening Presence in Japan: The acquisition will see HashPalette\u2019s Palette Chain migrate to the Aptos Network by early 2025, aligning with Aptos\u2019 role as the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Aptos Labs Expands in Asia with HashPalette Blockchain Integration\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/aptos-labs-expands-in-asia-with-hashpalette-blockchain-integration\/#more-172530\" aria-label=\"More on Aptos Labs Expands in Asia with HashPalette Blockchain Integration\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":172532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9345,74],"tags":[5577,4620,4733,5453],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172530"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172530"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172530\/revisions"}],"predecessor-version":[{"id":172534,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172530\/revisions\/172534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172532"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}