• Aptos Labs has announced a collaboration with Microsoft, integrating its Azure OpenAI Service into the layer 1 blockchain.
• The two companies will explore AI and DeFi innovations such as asset tokenization, payments, and Central Bank Digital Currencies (CBDC).
• As part of the deal, Aptos Labs will host validator nodes on Microsoft’s cloud computing platform, Azure and receive exposure of large financial institutions via Microsoft.
Aptos Partners With Microsoft
Aptos Labs has announced integrating Microsoft’s Azure OpenAI Service into the layer 1 blockchain led by ex-Meta employees. This collaboration with Microsoft is expected to ramp up accessibility for people to explore Web3 and for creators to build.
Exploring AI and DeFi Innovations
The two companies will also explore AI and DeFi innovations such as asset tokenization, payments, and Central Bank Digital Currencies (CBDC) in a bid to advance Web3 adoption from financial enterprises.
Integration of Tech Goliath’s AI
As part of the deal, Aptos Labs will host validator nodes, or servers, that help secure a blockchain and process transactions on Microsoft’s cloud computing platform, Azure. Meanwhile, Github which is another platform owned by the tech company will also integrate Aptos’s programming language Move into Copilot which is an AI model that auto-completes code for developers.
Exposure To Financial Institutions
Aptos Labs will receive the exposure of large financial institutions via Microsoft that are inclined towards building blockchain-powered applications on top of Azure. This integration marks a “crucial turning point” in the Web3 space as it provides more accessibility for people to explore Web3 and for creators to build simple solutions using their resources.
Conclusion
The partnership forged between Aptos labs and Microsoft is expected to be beneficial for both parties as they look forward to advancing Web3 adoption from financial enterprises while exploring AI and DeFi innovations like asset tokenization payments etc.