Aptos Labs, a pioneering participant in the blockchain space, announced on Wednesday strategic cooperation with IT giant Microsoft in a ground-breaking move that has triggered the interest of the cryptocurrency and tech industries.

According to the official statement from Aptos Labs, the two companies would be collaborating on what they termed an “ambitious multiyear project.” The statement explained that the partnership’s primary goal is to advance the global adoption of Web3 technology.

The statement says that the company intends to combine the advantages of Microsoft’s Azure OpenAI Service with Aptos Labs’ cutting-edge blockchain technology. Aptos Labs plans to integrate Microsoft’s Azure OpenAI Service into its network as part of this partnership. It is believed that the Aptos ecosystem’s user interaction will likely undergo a revolution due to this integration.

It is also stated that the collaboration will involve an AI-powered chatbot that will serve as a customer care agent for customers looking for information about the network and developers working on projects within it. Also, this AI-driven chatbot hopes to improve a streamlined user experience and foster a more fluid and intuitive ecology.

Experts in the industry have hailed this alliance as a major step in bridging the gap between cutting-edge blockchain technology and the promise of AI-driven applications. Matt Di Salvo, an analyst with Decrypt, said that the collaboration should help both businesses advance their goals of influencing the future development of smart contracts, artificial intelligence, and decentralized applications.

Recent observations showed that the cryptocurrency market immediately felt the effects of the statement. Hours after the news broke, Aptos Token (APT) saw a sharp increase of 13% in its market value. Investors and analysts are now closely monitoring how this relationship will develop in the upcoming months due to this quick increase in value, which has sparked enthusiasm among traders and investors alike.

Aptos Counts More Success, Moves To Form More Partnerships

Further investigation into this history of collaboration by Aptos revealed that Microsoft is not the only company  Aptos has succeeded in allying with. Aptos has established itself in the market by working with various popular companies like Google Cloud, Mastercard, NBC Universal, KYD Labs, and Franklin Templeton, which have all integrated their payment systems on their different platforms.

Experts believes that this expanding list of alliances cements Aptos’ status as a dominant player in the blockchain and decentralized application industry. The cryptocurrency industry is currently watching the possible outcome of this alliance. Salvo added that “There is hope that this partnership will promote Web3 technology globally as well as improve the capabilities of the Aptos network because both businesses are leaders in innovation in their respective sectors.”

The statement by Aptos also revealed that the collaboration between the two companies has long been facilitated from the onset. It also disclosed that the expert team from Aptos, comprised of Web3 developers and PhDs, is constantly working with the team from Microsoft AI to train and integrate the new AI model before formally introducing it to the Aptos Assistant elements.

In his press statement, Mo Shaikh, the CEO of Aptos Labs, said that the company is working on introducing its native programming language to GitHub’s Copilot service. According to Shaikh, this is a way of supporting unit testing, proper specifications, and developing the company’s contacts.