Just moments ago, the announcement caused APT Coin price to surge in double digits. The collaboration with Microsoft has sparked excitement among investors. Many cryptocurrencies have signed agreements with various popular companies. These agreements, such as research and development or infrastructure support, demonstrate that cryptocurrencies are now being taken into account by corporate giants.
Why is Aptos (APT) Rising?
The layer1 network, initiated to bring the suspended Diem project (formerly known as Libra) by former Facebook employees to life, is expanding its tools and services using Microsoft’s artificial intelligence (AI) technology.
According to the recent press release, the Aptos Foundation is leveraging Microsoft’s infrastructure to launch new products that combine artificial intelligence and blockchain, including the Aptos Assistant, a new chatbot that will answer user questions about the Aptos ecosystem and provide resources to developers building smart contracts and decentralized applications.
Mo Shaikh, CEO of Aptos Labs, said:
“Artificial intelligence and blockchain technologies are rapidly converging for an important reason: both are significant breakthroughs that deeply impact the evolution of the internet and shape society.”
With the news, APT Coin price surpassed $7.71 and continues to rise with a 15% increase.
