Layer 1 blockchain platform Aptos has announced a partnership agreement with Google Cloud.
Cat’s out of the bag: we’ll be working with @googlecloud on some exciting projects to serve the community! Follow us and stay tuned for more updates. https://t.co/mGVOLnMCiH
— Aptos Labs (@AptosLabs) November 10, 2022
The announcement was shared during a panel at Token2049 in London. Mo Shaikh, co-founder and CEO of Aptos, and Simon Baksys, business development leader of Google’s web3 division, shared the details of the partnership. “I think it’s the first time a web2 and a web3 company have come together in such a meaningful way,” Shaikh said.
Shaikh, also on Twitter account He also made statements about the partnership through “This is just the beginning!” said. He also said that Google Cloud will validate the nodes and join the Aptos mainnet. In addition, the Aptos blockchain will be indexed and made available on Google Cloud’s BigQuery service.
After this announcement, the altcoin price took action. APT’s daily low was $3.60. The general decline in the market caused the altcoin price to regress to these levels. However, the market recovery and the announced partnership caused the altcoin price to rise to $5.39. This represents an increase of 49.72%.
What is aptos?
Many consider Aptos to be the “Solana Killer”. The altcoin project is a “scalable, secure, reliable and upgradeable” network that has been in development for over three years and has just launched its mainnet. We can compile brief information about Aptos as follows:
- Aptos is a layer-1 blockchain developed by Aptos Labs.
- Aptos Labs was founded by Diem.
- It uses Proof-of-Stake (PoS) for the consensus algorithm.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.