Since announcing it would use Microsoft’s suite of artificial intelligence tools to accelerate Web3 adoption among banks and financial companies, Aptos (APT), the cryptocurrency driving layer-1 blockchain Aptos Network, has increased by about 11.6% to $7.30.
APT Token Rises 11.6% After Aptos and Microsoft AI Blockchain Partnership
According to a statement released by Aptos on August 9, this will be accomplished by enabling the Aptos Network to access Microsoft’s Azure OpenAI service to investigate advances in asset tokenization, on-chain payments, and central bank digital currencies.
Mo Shaikh, the CEO of Aptos Labs and a former employee of Meta and BlackRock, expressed great optimism for blockchain applications utilizing AI.
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.
Shaikh
APT Starts Falling as It Rises
According to the cryptocurrency company, Microsoft will also increase the security of the Aptos Network by allowing Aptos Labs to run validator nodes on Azure. APT rose 17.6% to $7.92 after 50 minutes before cooling off to $7.31 at the time of writing, according to CoinGecko. Despite the price increase, CoinGecko reports that the Aptos token is still down 62.9% from its all-time high price of $19.92 on January 26.
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