The partnership between the Aptos Foundation and Alibaba Cloud has ignited a series of Alcove initiatives aimed at propelling the adoption of the Move smart contracts programming language in Asia. Through a Move developer meetup co-hosted by OKCoin Japan and Alibaba Cloud, Aptos Foundation is paving the way for developers to explore the benefits of Web3 and showcase their capabilities. This strategic collaboration is set to enhance the impact and adoption of the Move programming language, which offers unparalleled security, scalability, and speed advantages. The joint effort between Aptos Foundation and Alibaba Cloud is poised to revolutionize the Web3 landscape in Asia, starting with Japan as the primary focus. Japan's conducive regulatory environment for blockchain and cryptocurrencies positions it as an ideal hub for steering Web3 innovations on a global scale. The recent positive market response, with a 2.96% increase in the value of Aptos' native crypto, APT, underscores the significance of this collaboration. Through Alcove initiatives such as hackathons and developer meetups, Aptos Foundation aims to foster talent and inspire the next generation of Web3 developers and innovators in the region and beyond.
Collaboration Between Aptos Foundation and Alibaba Cloud Sparks Alcove Initiatives in Asia

by Giorgi Kostiuk
2 years ago

Other news
Hong Kong to Issue Crypto Licenses in March 2026 Amid China’s Ban

Hong Kong is set to issue crypto licenses in March 2026, despite ongoing cryptocurrency restrictions in mainland China.

BRICS Dedollarization Concerns Impact Hong Kong's Crypto Licensing

Concerns about BRICS dedollarization are complicating crypto licensing in Hong Kong, as stablecoins challenge China's monetary control.

HBAR Faces Technical Challenges Amidst Subdued Market Momentum

Hedera HBAR is trading around the 0.09 mark, testing a key support level while facing bearish trends.

XRP Ledger Expands Escrow Functionality with Token Escrow XLS85 Activation

On February 12, 2026, the XRP Ledger activated Token Escrow XLS85 on its mainnet, enhancing escrow capabilities to include Trustline-based tokens and MultiPurpose Tokens.

XRP Approaches Critical Moment Amid Regulatory Uncertainty

Finance expert Coach JV discusses the potential impact of regulatory developments on XRP's future, highlighting regulatory delays and policy uncertainty as key factors influencing the token's next moves.

Bitcoin's Combined Market Index Falls to Low Levels

A recent report indicates that Bitcoin's Combined Market Index (BCMI) has dropped to historically low levels, suggesting a potential shift towards a bear market.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter