In
a
significant
development
for
the
growth
and
adoption
of
digital
assets
in
the
Asian
region,
the
Aptos
Foundation
has
announced
a
collaboration
with
Alibaba
Cloud,
the
digital
technology
and
intelligence
backbone
of
the
Alibaba
Group. 

This
partnership
aims
to
expand
Japan’s

Web3
ecosystem

and
improve
regional
accessibility,
marking
a
milestone
in
developing
Asia’s
Web3
landscape.

Aptos
Foundation
And
Alibaba
Cloud
Launch
Alcove

As

announced

on
Friday,
the
collaboration
has
led
to
the
launch
of
Alcove,
Asia’s
first
co-branded
Move
developer
community,
which
seeks
to
foster
innovation
and
boost
digital
accessibility
across
the
region. 

 

Alcove’s
primary
goal
is
to
amplify
the
impact
and
proliferation
of
the
Move
smart
contract
programming
language
among
developers.
By
leveraging
Move
on
Aptos’s
security,
speed,
and
scalability,
the
partnership
aims
to
drive
mass
adoption
of
digital
assets
in
the
Asia-Pacific
region.

According
to
the
Foundation,
Japan,
with
its

regulatory
framework

and
“tech-savvy
populace,”
is
uniquely
positioned
to
promote
the
benefits
of
Web3
and
digital
assets
globally. 

In
addition,
to
accelerate
on-chain
development,
the
Aptos
Foundation
spearheads
a
series
of
initiatives
through
Alcove. 

The
first
of
these
initiatives
is
a
Move
developer
meetup
co-hosted
by
OKCoin
Japan
and
Alibaba
Cloud
to
provide
developers
and
equip
them
with
tools
and
knowledge
to
realize

real-world
use
cases.

Web3
Development
And
Innovation

The
announcement
also
revealed
that
the
Aptos
Foundation
will
organize
a
series
of
hackathons
for
the
Alcove
community
using
technology
provided
by
Alibaba
Cloud. 

These
hackathons
are
designed
to
cultivate
emerging
talent
in
the
Web3
space,
allowing
participants
to
learn
from

industry
leaders

and
inspire
the
next
generation
of
Web3
developers
and
innovators.

Bashar
Lazaar,
Head
of
Grants
and
Ecosystem
at
Aptos
Foundation,
expressed
enthusiasm
for
the
collaboration,
stating: 

Partnering
with
the
Alibaba
Cloud
team
and
with
the
help
of
their
technology,
we
aim
to
create
a
vibrant
environment
that
allows
Japan’s
growing
interest
in
Web3
and
IP
strengths
to
flourish.
As
the
foundation
working
to
expand
Aptos’
ecosystem
worldwide,
we’re
committed
to
creating
the
best
user
experiences
for
the
next
generation
of
developers,
in
Japan,
APAC,
and
beyond.

Overall,
this
collaboration
between
the
Aptos
Foundation
and

Alibaba
Cloud

represents
a
significant
step
toward
advancing
Japan’s
role
in
the
global
Web3
landscape. 

At
the
time
of
writing,
Apto’s
native
token
APT
was
trading
at
$7.00,
representing
a
24%
price
decline
in
the
monthly
time
frame,
following
the
steps
of
the
largest
cryptocurrencies
in
the
market,
which
also
recorded
price
corrections
in
the
past
month.
APT
is
trading
65%
lower
from
its
all-time
high
of
$19.92,
reached
on
January
2023. 

 

Featured
image
from
DALL-E,
chart
from
TradingView.com

Go to Source
Author: Ronaldo Marquez

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