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Microsoft, Aptos Labs Team Up on New Blockchain AI Tools
The price of Aptos' token is surging on news of the collaboration.
Updated Aug 11, 2023, 8:07 p.m. Published Aug 9, 2023, 12:30 p.m.
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Aptos Labs, the developer of a layer 1 blockchain started by former Facebook employees to bring the company's scrapped Diem project (formerly Libra) to life, is expanding its tools and services using Microsoft's (MSFT) artificial intelligence technology.
The Aptos token (APT) surged about 15% to $7.70 after the announcement was made.
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Read more: Overheard at EthCC — Is Crypto Back, Boosted by Artificial Intelligence?
According to a press release Wednesday, Aptos is leveraging Microsoft's infrastructure to deploy new offerings that combine AI and blockchain technology, including a new chatbot called Aptos Assistant, which will answer user questions about the Aptos ecosystem and provide resources to developers who are building smart contracts and decentralized apps. The chatbot is powered by Microsoft's Azure OpenAI Service.
"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,” Aptos Labs CEO Mo Shaikh said in the release.
Aptos is also integrating Move, its native programming language, onto GitHub's Copilot service, an AI programming tool, to support "contract development, unit testing, formatting and prover specifications."
“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," said Rashmi Misra, general manager of AI and emerging technologies at Microsoft.
The two companies have also agreed to explore blockchain-based financial-service products, including asset tokenization, payment options and central bank digital currencies to expand the use cases of blockchain. Aptos will run validator nodes on Microsoft Azure to enhance the security of its network.
A representative for Aptos told CoinDesk that Microsoft and Aptos Labs are working closely to bring these tools to life.
“This is a collaboration from day one," the rep said. "Aptos Labs’ team of AI experts, Ph.Ds and Web3 developers are working directly with Microsoft’s AI team to train models, integrate AI technology into the Aptos Assistant and GitHub elements integrating with Aptos’ blockchain, and determine the best resources for developers and casual visitors who want to learn more about building on Aptos — or ask questions about the Aptos ecosystem, more broadly.”
Blockchain developers across the spectrum have rushed to adopt AI technology in recent months following the breakout success of tools like ChatGPT. Venture capitalists are also focusing more onAI, making the integration of AI key to fundraising and courting tech talent.
Read more: Aptos CEO Defends 'Fair' Tokenomics That Prompted Community Backlash
UPDATE (Aug. 9, 2023, 14:08 UTC): Adds token move in second paragraph.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Tristan Thompson launches prediction market turning NBA stats into stock
NBA veteran Tristan Thompson launched basketball.fun, a new prediction market platform that turns top athletes into tradable assets.
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How it works: The platform differentiates itself from standard betting by treating the NBA's top 100 players as individual financial assets to collect.
- Users can buy and open "packs" of players, mimicking the nostalgic experience of buying physical trading cards.
- Player "share prices" luctuate based on real-time performance, rising if a player records a triple-double or dropping if they struggle after an injury.
- Users can trade these player shares on a secondary marketplace.
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