In a strategic union of cutting-edge technology, Aptos Labs, a blockchain Layer 1 platform established by former Meta employees, has announced an exciting partnership with tech titan Microsoft. This collaboration not only entails exploring “innovative solutions” encompassing asset tokenization, digital payments, and central bank digital currencies but also embraces the utilization of Microsoft’s Azure OpenAI Service.
Today, we're making Aptos history.@AptosLabs is partnering with @Microsoft to unlock Web3 on the @Aptos_Network.
— Aptos Labs (@AptosLabs) August 9, 2023
As an @msPartner, 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
As the curtains rise on this partnership, the preliminary focus seems to revolve around harnessing Microsoft’s AI capabilities. The shared aim is to streamline the user onboarding process to web3 through enhanced AI-driven functionalities while supporting developers in their quest to construct smart contracts and decentralized applications. This dynamic synergy is encapsulated in a joint statement by both companies.
Aptos Labs’ innovation is set to leap by introducing Aptos Assistant, an ingenious digital assistant poised to provide secure and user-friendly interactions with the Aptos blockchain. Powered by Microsoft’s AI prowess, this innovative assistant promises to offer insightful responses to inquiries related to the blockchain domain.
Aptos Labs’ journey culminated in launching its mainnet last year, marking a significant milestone in the blockchain landscape. With this partnership, the platform is poised to explore new avenues that leverage the fusion of AI and blockchain technologies. According to DeFiLlama data, the Aptos blockchain’s total locked value stands at approximately $53 million, a figure notably lower than that of Solana but surpassing its rival Sui.
Rashmi Misra, Microsoft’s General Manager of AI & Emerging Technologies, remarked on the potential of combining AI and blockchain, emphasizing their transformative influence on the evolution of the internet. She cited,
The intersection of AI and blockchain is one of the most interesting combinations of emerging technologies. By fusing Aptos Labs’ technology with the Microsoft Azure Open AI Service capabilities, we aim to democratize the use of blockchain.
Microsoft’s engagement with blockchain technologies has been punctuated by calculated moves, including a $10 billion investment in OpenAI earlier this year. Recent reports hinted at Microsoft’s foray into non-custodial crypto wallets for its Edge browser, demonstrating its commitment to advancing blockchain solutions.
Mo Shaikh, CEO of Aptos Labs, underscored the profound impact of AI and blockchain, labeling them as generational breakthroughs shaping the internet’s evolution. Aptos Labs and Microsoft embark on this transformative journey, and their collective objective remains to democratize and expand the accessibility of these groundbreaking technologies.
