Microsoft has announced a partnership with Aptos Labs, a layer-1 blockchain network that aims to accelerate the adoption of web3. The collaboration will leverage Microsoft's Azure OpenAI Service, a suite of artificial intelligence tools that can generate natural language, images, and code, to enhance the user experience and innovation potential of Aptos Labs' blockchain ecosystem.
Web3 is a term that refers to the next generation of the internet, where decentralized applications (dApps) run on peer-to-peer networks without intermediaries. Web3 promises to offer more security, privacy, and transparency for users and developers, as well as new opportunities for creativity and collaboration. However, web3 also faces some challenges, such as the complexity of onboarding new users, the lack of trust in AI-generated content, and the scalability of blockchain networks.
“Artificial Intelligence and blockchain technologies are quickly converging for one important reason: they are both generational breakthroughs that profoundly impact the evolution of the internet and shape society,” said Mo Shaikh, CEO of Aptos Labs. “Together with Microsoft, our shared vision is to ensure that this technology is accessible to more people and organizations than ever before.”
To address these challenges, Microsoft and Aptos Labs will work together to develop solutions that combine AI and blockchain technologies. The partnership will also explore other innovative use cases for AI and blockchain, such as asset tokenization, payments, and central bank digital currencies (CBDCs), that will further advance the adoption of web3 from financial services enterprises. Additionally, Aptos Labs will run validator nodes on Azure, enhancing the reliability and security of the Aptos blockchain network.
Aptos Assistant AI Chatbot
One of the first products of this partnership is Aptos Assistant, an AI-based chatbot that will act as a bridge between web2 and web3 for everyday internet users and organizations. Aptos Assistant will enable users to seamlessly onboard into web3 by asking any kind of question regarding the Aptos blockchain ecosystem using natural language. It will also guide developers as they build smart contracts and dApps in the ecosystem and direct them to relevant resources.
“The intersection of AI and blockchain is one of the most interesting combinations of emerging technologies and can generate transformational use cases,” said Rashmi Misra, General Manager, AI & Emerging Technologies, Microsoft. “By fusing Aptos Labs' technology with the Microsoft Azure Open AI Service capabilities, we aim to democratize the use of blockchain enabling users to seamlessly onboard to Web3 and innovators to develop new exciting decentralized applications using AI.”