Bitrabo Editorial
The Aptos Foundation has partnered with Alibaba Cloud, a key digital technology player in the Alibaba Group, in a move set to boost the growth and acceptance of digital assets in Asia.
This collaboration is focused on broadening Japan’s Web3 ecosystem and enhancing regional accessibility, signaling a significant development in advancing Asia’s Web3 environment.
Aptos Foundation and Alibaba Cloud Introduce Alcove
Through the launch of Alcove, the first co-branded Move developer community in Asia, the partnership aims to drive innovation and improve digital accessibility across the region.
Alcove’s main objective is to promote the adoption of the Move smart contract programming language among developers. By capitalizing on Move’s security, speed, and scalability on Aptos, the collaboration seeks to stimulate the widespread use of digital assets in the Asia-Pacific sphere.
With Japan’s regulatory structure and tech-savvy population, the Foundation believes the country is well-placed to advocate for the advantages of Web3 and digital assets on a global scale.
To accelerate on-chain development, Aptos Foundation leads various initiatives through Alcove, starting with a Move developer meetup in partnership with OKCoin Japan and Alibaba Cloud to empower developers with the necessary tools and knowledge for real-world applications.
Advancing Web3 Development and Innovation
Furthermore, the Aptos Foundation plans to host hackathons for the Alcove community using Alibaba Cloud’s technology. These hackathons aim to nurture new talent in the Web3 sector, offering participants insights from industry experts and inspiring the next wave of Web3 developers and pioneers.
Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation, expressed optimism for the collaboration, emphasizing the goal of creating a thriving environment for Japan’s growing interest in Web3 and intellectual property strengths.
This collaboration marks a significant stride in strengthening Japan’s position in the global Web3 landscape, indicating a promising future for digital asset adoption in the region.
Currently, Apto’s native token APT is valued at $7.00, reflecting a 24% dip in price over the past month, aligning with corrections observed in major cryptocurrencies. APT stands 65% lower than its all-time high of $19.92, recorded in January 2023.
Featured image from DALL-E, chart from TradingView.com