Microsoft teams up with Aptos blockchain for AI and web3 integration

Share IT

Key takeaways:

  • Microsoft provides Aptos with AI technology for onboarding and development initiatives.
  • Collaborative exploration of “innovative solutions” in asset tokenization, digital payments, and central bank digital currencies.

In the fast-evolving landscape of technology, groundbreaking partnerships often serve as catalysts for innovation. A recent collaboration that has sent ripples through the tech world is the union of Microsoft and Aptos Blockchain. This partnership aims to revolutionize the realms of Artificial Intelligence (AI) and the decentralized web, commonly referred to as Web3

Aptos Labs, founded by former Facebook employees to revive the abandoned Diem (formerly Libra) project, is broadening its offerings with the integration of Microsoft’s artificial intelligence technology. The Aptos token (APT) experienced almost a 15% surge to $7.70 following this announcement.

 By collaborating with Microsoft, Aptos Labs is empowering developers with cutting-edge AI tools to elevate their applications and services in the realm of web3.

An exciting addition is the Aptos Assistant, an AI chatbot designed to bridge web2 and web3 for everyday users and organizations. It serves as a responsible, secure, and user-friendly intermediary, facilitating the transition into the decentralized space. Aptos Labs, leveraging the original team from Meta’s shelved Diem project, aims to realize the vision of the abandoned initiative.

The Aptos Assistant AI chatbot serves a dual purpose: educating users about the Aptos blockchain and streamlining their entry into Web3. Additionally, it offers valuable support to developers, enabling them to craft decentralized apps and smart contracts.

Microsoft’s focus lies in obtaining credible data to train models in a transparent manner, and this is where Aptos comes into play, explained Shaikh. He noted, “To achieve this, you need an incredibly efficient blockchain with high throughput.”

Aptos’ blockchain boasts an impressive throughput, capable of handling up to 160,000 transactions per second. The team aims to further enhance its capabilities, targeting the capacity to process “hundreds of thousands by the end of the year,” as highlighted by Shaikh. 

The network’s swiftness is also noteworthy; it ranks among the fastest blockchain networks, alongside Avalanche, boasting a time-to-finality of under one second, as per Messari research.

The integration of the assistant aligns with Microsoft Azure’s Open AI initiative, aiming to democratize blockchain usage. Rashmi Misra from Microsoft expressed the goal to enable smooth onboarding to Web3 for users and empower innovators to create novel decentralized applications using AI.

Share IT
Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

Can’t find what you’re looking for? Type below and hit enter!