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Solana (SOL) rival Aptos (APT) is reportedly partnering with tech giant Microsoft on a new push into artificial intelligence (AI) and web3 projects. According to a new TechCrunch report, Aptos Labs will integrate its blockchain technology with Microsoft's Azure OpenAI Service to quicken web3 adoption.

The partnership between Aptos Labs and Microsoft is aimed at tackling industry-specific challenges.

Aptos Labs and Microsoft have announced a strategic partnership to showcase the convergence of artificial intelligence (A.I.) and blockchain technologies.

Aptos said that the collaboration with Microsoft had been five years in the making.

Aptos Labs, the developer of layer1 blockchain network Aptos (APT), has partnered with Microsoft to “unlock Web3,” according to an Aug. 9 press statement shared with CryptoSlate. The blockchain network stated that the partnership would explore asset tokenization, payments, and Central Bank Digital Currencies (CBDCs).

Aptos Labs and Microsoft just signed a multiyear partnership to help drive Web3 adoption.

Aptos (APT) is on a massive bullish run today after the broader digital currency welcomed the news of its latest partnership with American multinational tech giant, Microsoft Incorporated. As announced by the protocol, the partnership will involve both firms exploring asset tokenization solutions as well as doubling down on digital payments and Central Bank Digital Currencies (CBDCs).

Microsoft is convinced that the future is AI and wants to leverage Aptos blockchain's proven capabilities in AI deployment in Web3.

Microsoft and Aptos Labs have announced a collaborative endeavor to integrate Microsoft's Azure OpenAI Service, thereby accelerating the mainstream adoption of web3 technologies. Aptos Labs, co-founded by Mo Shaikh and Avery Ching, has been at the forefront of blockchain innovation, having raised over $400 million from industry stalwarts like a16z, Jump Crypto, and Apollo Global.

On Wednesday, Microsoft and Aptos Labs announced a partnership to build an artificial intelligence chatbot while also exploring asset tokenization. Aptos will also run validator nodes on cloud platform Azure, aiming to enhance the “reliability and security” of the Aptos blockchain.

On August 9, Aptos Labs announced that it was partnering with Microsoft in order to drive Web3 into the mainstream. Aptos Labs will introduce Aptos Assistant, which will help bridge web2 to web3 for everyday internet users.

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the key $30,000 level on Wednesday. Ethereum (CRYPTO: ETH) also moved higher, trading above the key $1,800 mark this morning.

Microsoft, which is a big player in the field of AI, has unveiled a strategic partnership with Aptos Labs, a layer-1 blockchain entity. This partnership represents a significant moment where advanced AI meets the emerging realms of web3 and blockchain technology.

Aptos Labs has announced a partnership with tech giant Microsoft, leading to a 17% surge in the price of its native token APT.

Layer 1 blockchain Aptos partners with Microsoft as it seeks to use the tech giant's AI tech to foster development of web3 apps.

Aptos, a reincarnation of Facebook's Diem blockchain, is integrating Microsoft's AI infrastructure to support users and developers.

APT has decreased by over 3.2% in the past 24 hours performing worse than bitcoin (BTC) and ether (ETH), per CoinDesk market data.

DAO, GMT, ICP, BMEX, APT, and SAND token unlocks are lined up this week.

As Aptos sets its sights on the next decade, the blockchain platform faces a critical period of growth and development. The ever-changing dynamics of the market, technological advancements, and shifting adoption trends will play a pivotal role in shaping Aptos's journey from 2023 to 2032.

In the ever-evolving world of cryptocurrencies, Ethereum is asserting its dominance, as market dynamics witness a significant transformation. A closer look at the crypto landscape reveals that risk factors are shifting away from Bitcoin to Ethereum-specific aspects, making it the center of attention among traders and investors alike.

At least 15 cryptocurrencies in the top 100 rankings will unlock fresh tokens worth millions of dollars in August. Historical data analysis provides insight into the price impact of a potential token sell-offs in August.

Cryptocurrency markets are witnessing a new era of innovation as blockchain projects like Aptos redefine payment systems in the digital landscape. With a strategic partnership that could change the face of the crypto industry, Aptos has emerged as a promising player that aims to create a seamless payment experience for users.

Aptos could linger in the $6.8-$7 area for a few more days as bulls gather their strength. The possibility of a sudden upward move cannot be ruled out.

These three high-flying cryptos are ones that long-term investors may want to consider on dips for potential diversification plays.