According to a new TechCrunch report, Aptos Labs will integrate its blockchain technology with Microsoft’s Azure OpenAI Service to quicken web3 adoption.
Says Mo Shaikh, co-founder of Aptos Labs,
“The primary focus for both of us is solving our respective industries problems.”
Daniel An, Microsoft’s global director of business development for AI and web3, says that AI’s role in web3 development will start expanding within months.
“We predict that AI will be infused into web3 solutions at greater scale in the coming months and years.”
An also says that blockchain technology can help build trust around AI technology through verification and transparency.
“For example, how do we know that LLM (large language model)-generated outputs are authentic [and] trustworthy? How do we know that the training data is bias free in the first place? Blockchain-based solutions can help with verifying, time-stamping and attributing content to its source, thereby improving credibility in a distributed digital economy.
The openness and immutability of blockchain can improve the trust that people place in AI-generated content and provide confidence that they’re making the right decisions.”
According to a press release, Aptos Labs will launch an AI-based chatbot, Aptos Assistant, which will answer questions about the Aptos ecosystem and offer guidance to developers building smart contracts and decentralized apps (dApps) in the ecosystem.
The collaboration will also explore “asset tokenization, payments and Central Bank Digital Currencies (CBDCs), that will further advance the adoption of web3 from financial services enterprises.”
With the announcement, Aptos soared from a 24-hour low of $6.66 to a high of $7.92, a nearly 19% increase.
At time of writing, Aptos is trading for $7.35, up 10.1% in the last 24 hours.
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