The Aptos Foundation and Alibaba Cloud are partnering to boost Japan’s Web3 ecosystem

This collaboration aims to improve access and encourage innovation across the region.

Aptos Foundation and Alibaba Cloud are joining forces to boost Web3 in Japan. This collaboration will enhance accessibility and foster innovation throughout the region.

According to a post on their X platform, the aim is to make the technology more available in the Asia-Pacific region. They have launched Alcove, the first co-branded Move developer community in Asia.

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

Aptos Foundation, Alibaba Cloud to Host Hackathons for Alcove Community in Japan

The Aptos Foundation will organize hackathons for the Alcove community in collaboration with Alibaba Cloud. These events aim to nurture Web3 talent by providing opportunities to learn from industry leaders and inspiring the next generation of Web3 developers and innovators.

The first initiative, a Move developer meetup, will be held in Japan. Co-hosted by OKCoin Japan and Alibaba Cloud, this event will empower builders with the tools and knowledge to develop real-world Web3 use cases.

Being the first region in the Asia Pacific to benefit from this collaboration, Japan's blockchain and crypto-friendly regulatory environment makes it an ideal place to lead global Web3 and digital asset innovations.

Alcove's mission is to expand the use of the Move smart contract programming language among top developers. To support this mission, the Aptos Foundation will use Alibaba Cloud's technology to host hackathons and educational events. These efforts will help emerging Web3 talents in the Alcove Japan community and accelerate the development of Japan’s on-chain ecosystem.

Aptos Active Users Increased by 59%

Aptos saw the most significant growth in active users among blockchain platforms. According to Token Terminal, the number of active users on Aptos increased by 59.3% this month, reaching 3.55 million.

The Digital Assets Committee, part of the Commodity Futures Trading Commission (CFTC), oversees and regulates digital assets like cryptocurrencies. To handle the complexities of cryptocurrency regulation, the committee has formed a 34-member subcommittee.

Mo Shaikh, CEO of Aptos Labs, has been appointed to this subcommittee. Other members include executives from BlackRock, Polygon Labs, Uniswap Labs, and BNY Mellon. In another development, Aptos Labs has partnered with Google Cloud to launch Aptos GameStack. This new platform aims to enhance the development and experience of live service games using web3 technologies.

READ ALSO