Aptos Launches Alcove in Collaboration With Alibaba to Improve Japan’s Web3 Ecosystem

Aptos Foundation, the company behind the independent Layer 1 blockchain Aptos Protocol, has joined forces with cloud computing company Alibaba Cloud, to launch a new initiative Alcove to enhance Japan’s web3 ecosystem.

As web3 and blockchain technology continue to gain momentum, impressive products and collaborations spring up to advance the benefits globally. The partnership marks a major milestone in Japan’s endeavor to become one of the top global players in the web3 landscape. Against the backdrop of this announcement, APT, the native token of the Aptos network has enjoyed a notable price jump of 2.21%, currently trading at $7.08.

Aptos and Alibaba Cloud Partners to Improve Web3 Accessibility in APAC

Earlier today, the Aptos Foundation announced the latest development on X (formerly Twitter), creating excitement among community members. According to the announcement, Alcove, the first co-branded Move developer community, will promote smart contract programming languages in the Asia-Pacific region (APAC) with expert-led hackathons, education, and others

1/ Aptos Foundation & @alibaba_cloud are back to grow Web3 in another emerging Web3 hub – Japan!

Through their initiative @Alcove_pro, Asia's first co-branded Move developer community, efforts are underway to boost Web3 in Japan, with expert-led hackathons, education, & more. pic.twitter.com/qmdTGMIYcA

— Aptos (@Aptos) June 28, 2024

The hackathons will be hosted utilizing Alibaba’s Cloud technology to advance the development of Japan’s on-chain ecosystem and to encourage emerging web3 talents in the Alcove Japan community. With this joint initiative, the two giant entities Aptos and Alibaba are creating an avenue for developers in the region to succeed and innovate with the hopes of leading the next phase of digital transformation.

Over the years, Japan has positioned itself as one of the champions of web3 technology and cryptocurrency globally as a result of its tech-enthusiastic population and also a robust and advanced regulatory framework.

Aptos to Lead Alcove Series of Alcove Initiatives

As part of the collaboration, the Aptos Foundation will spearhead several Alcove initiatives. To begin, Aptos alongside OKCoin Japan and Alibaba Cloud will host a Move developer meetup, an event that aims to provide developers with the right tools and technical knowledge they need to create real-world use case products and exhibit the advantages of web3 and cryptocurrency in Japan.

Additionally, the hackathons will allow participants to learn from industry experts while inspiring the next generation of innovators and web3 developers. Bashar Lazaar, the Head of Grants and Ecosystem at Aptos Foundation, expressed Alcove’s commitment to creating a good user experience for the next generation of developers.

“Partnering with the Alibaba Cloud team and with the help of their technology, we aim to create a vibrant environment that allows Japan’s growing interest in Web3 and IP strengths to flourish”…”We’re committed to creating the best user experiences for the next generation of developers, in Japan, APAC and beyond,” he said.

With this partnership, Japan’s position in the global Web3 scene will advance significantly, paving the way for a new era of Aptos-powered digital innovation.

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