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Buying Microsoft services leads to a rise? Aptos purchases Microsoft AI services, APT surges by 12%

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Buying Microsoft services leads to a rise? Aptos purchases Microsoft AI services, APT surges by 12%

It is not uncommon for public blockchain teams to purchase cloud services from Google, Microsoft, and Amazon to set up nodes as a way to promote "collaboration." Recently, the emerging public chain Aptos has also joined this trend by announcing a partnership with Microsoft, leading to a 12% surge in its native token APT.

Aptos and Microsoft's "Collaboration" Details

Aptos, through the news platform CISION, stated:

  • Adopting AI Chatbot: Aptos Assistant will allow users to ask questions about the Aptos blockchain ecosystem in natural language, seamlessly entering Web3. It can also guide developers in building smart contracts and decentralized applications, and help them access relevant, available resources. This feature is provided by Microsoft Azure OpenAI Service.
  • Collaboration on more innovative solutions such as asset tokenization: Aptos and Microsoft have also agreed to explore more innovative solutions, such as asset tokenization, payments, and central bank digital currencies, which will further drive financial services enterprises to adopt Web3. Furthermore, Aptos will run verification nodes on Azure to enhance the reliability and security of the Aptos blockchain.

Following the announcement, Aptos' token APT surged, with APT showing a 12% increase in the past 24 hours according to CoinGecko data.

Netizens Criticize: Buying Microsoft Services Leads to Pumping?

Netizens expressed doubts, questioning whether Aptos paying Microsoft for Microsoft Azure services truly caused a 15% surge.

It seems like negative news; a public chain still lacks users, with an $8 billion valuation, infinite token supply, and a 100% annual issuance rate.

Aptos token issuance schedule and quantity:

Aptos token issuance schedule and quantity

Should APT Be Shorted? KOL's Three Reminders

KOL @thiccythot_ cleverly answered this question. Before deciding to short APT, you should ask three questions:

  • Have they announced a cloud service partnership?
  • Have they had a Ticker Change? A change in stock symbol, usually indicating an acquisition.
  • Have they improved token economics?