All Smoke And Mirrors? Why The Aptos-Microsoft Deal Is A Reason To Short APT

All Smoke And Mirrors? Why The Aptos-Microsoft Deal Is A Reason To Short APT
Aptos (APT) has scored a major deal with tech giant Microsoft yesterday. However, the announcement of a “partnership” between Aptos Labs and tech giant Microsoft has raised eyebrows and ignited debates across the crypto community if this is just smoke and mirrors. With the APT token witnessing a surge of nearly 20% following the news, and a significant token unlock looming, the timing and nature of this partnership have come under scrutiny. Aptos-Microsoft Deal Just A Click? In the official press release, Aptos Labs revealed its plans to integrate Microsoft’s artificial intelligence (AI) technology. The collaboration aims to introduce a range of tools and services, including the Aptos Assistant chatbot, powered by Microsoft’s Azure OpenAI Service. The chatbot is designed to assist users with queries about the Aptos ecosystem and offer resources to developers crafting smart contracts and decentralized applications. Related Reading: Aptos Labs’ Collaboration With Microsoft Sends APT Soaring By 17% CEO Mo Shaikh commented on the convergence of AI and blockchain, stating, “Artificial intelligence and blockchain technologies are quickly converging for one important reason: They ..

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