Aptos Foundation Collaborates With Alibaba Cloud To Develop Japan’s Web3 Ecosystem

In an important development for the growth and adoption of digital assets in the Asian region, the Aptos Foundation has announced a partnership with Alibaba Cloud, the core of the digital technology and intelligence of the Alibaba Group.

This cooperation aims to expand Japan The 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 partnership led to the launch of Alcove, Asia’s first community of Move developers, which aims to stimulate innovation and improve digital accessibility throughout the region.

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

According to the Foundation, Japan, and the regulatory framework and the “tech-savvy community,” is uniquely positioned to promote the benefits of Web3 and digital goods around the world.

In addition, to accelerate on-chain development, the Aptos Foundation is leading a series of initiatives with Alcove.

The first of these programs is the Move developer conference co-hosted by OKCoin Japan and Alibaba Cloud to provide developers and equip them with the tools and knowledge they need 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 industry leaders and inspire the next generation of Web3 developers and designers.

Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation, expressed his excitement about the partnership, saying:

In collaboration with the Alibaba Cloud team and with the help of its expertise, we aim to create a healthy environment that allows Japan’s growing interest in Web3 and IP capabilities to flourish. As a foundation working to expand the Aptos ecosystem globally, we are dedicated to creating the best user experience for the next generation of developers, in Japan, APAC, and beyond.

Overall, this collaboration between the Aptos Foundation and Alibaba Cloud represents an important step in developing Japan’s role in the global Web3 landscape.

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

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