Recently, Microsoft, one of the world's largest technology companies, announced its cooperation with Aptos Labs, a leading blockchain company, to bridge the gap between artificial intelligence (AI) and Web3. Mo Shaikh, CEO of Aptos Labs, said the collaboration will allow Microsoftâs AI models to be trained on the crypto companyâs verified blockchain data. Additionally, Aptos will run its blockchainâs validator nodes on Microsoft Azure, one of the leading cloud computing solutions. Shaikh explained that the move is intended to provide more reliability and security to Microsoft's services.
The cooperation between Microsoft and Aptos caused the price of Bitcoin to break through the psychological barrier of $30,000, with a 24-hour increase of more than 1.65%. Other important altcoins were also in the green on the day, with Ethereum, Ripple, and Solana gaining 1.5%, 3.8%, and 5.6% respectively.
Although it's still early days for Aptos to partner with Microsoft, it could be a long-awaited catalyst for the blockchain company that has been in the spotlight since last year. Aptos Labsâ native cryptocurrency APT benefited the most from the news, rising more than 16%.
Itâs worth noting that while Aptos is often touted as Ethereumâs ultimate competitor, itâs nowhere near the second-largest cryptocurrency. Especially after its launch in October 2022, the coinâs price dropped dramatically as the blockchainâs promise of 100,000 transactions per second completely failed to materialize. However, earlier this year, this new layer network hit an all-time high, driven by strong demand for NFTs. At press time, the cryptocurrency was trading at $7.77.
