Aptos

According to Wu Blockchain the Aptos Foundation, in partnership with Alibaba Cloud, which is China's largest cloud service provider, recently announced the launch of Alcove. Alcove is considered as Asia's initial Move developer community that is co-branded. 
&nbsp;Its primary goal is to advance the adoption and usage of the Move smart contract programming language among skilled developers throughout the Asia-Pacific region.
<h3 id="span-span-data-font-font-size-style-font-size-18px-aptos-and-alibaba-cloud-forge-alliance-to-propel-web3-development-in-asia-span-span">Aptos and Alibaba Cloud Forge Alliance to Propel Web3 Development in Asia</h3>
The official Aptos X account has announced a new partnership and provided a brief description of it. Aptos, in collaboration with alibaba_cloud, is focusing on growing Web3 in Japan through their initiative called Alcove pro, which is Asia's first co-branded Move developer community.&nbsp;
Their efforts include conducting expert-led hackathons, educational activities, and more to promote Web3 in Japan. Their debut event, the Aptos Kyoto Meetup "<a href="https://www.coingabbar.com/en/crypto-currency-news/bitmex-ceo-hayes-foresees-aptos-solana-and-dogecoin-etf" title="Aptos" class="f-link" rel="noopener noreferrer nofollow">Aptos</a> Mover: Innovation Ripples from Kyoto," will feature high-profile partners and projects at a location in Kyoto, Heian Shrine on July 3rd.
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfsuxzBx6sxQrr9ye6Oj8LbA4NyQ0ATiY2MjcovpGeKEgNw1WZaGN1HnL6tiNmjp8cx1fAIWbVlYgtW65ojbqzdBKBhLyBK4Fjst0tYDbCz4Ic9oO5ypAGqFRtG_Aae5iO4Y85Q7dC_OfZaP1MNMfmblwHo?key=w2rqkqR9Le-KqDVvTL-jqg" width="484" height="522">
Source: X
Builders are encouraged to connect with core developers from the Aptos ecosystem, leading Aptos project founders, and key figures from investment institutions to discuss <a href="https://www.coingabbar.com/en/crypto-currency-news/cause-ethereum-eth-price-rise-like-aptos-apt" title="Aptos ecosystem" class="f-link" rel="noopener noreferrer nofollow">Aptos ecosystem </a>development at the event.&nbsp;
The Aptos team has also extended an invitation to interested individuals and provided guidance on event registration. Finally, they hinted at upcoming innovations powered by Alibaba cloud technology and built on Aptos, promising more developments with Alcove Pro in the future.
<h4>Aptos On Technical Chart Performance&nbsp;</h4>
On the technical chart, Aptos is trading below the key moving averages of 20, 50, and 200-Day showcasing weakness in the crypto price.
<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd9f_J53-b78bXNQAyNRcOddZ87Kz07TE8iiUza9CGJAS5PfPXDylhQRBXbslRgdC3THtD3K_bzJCFwPN4aFpLOTFaNLF0C8H_KGTcQpCpGba_GZjCy_mWoifLFOejohBbh3ecaUaZH2FBbwRO4MAyycIRo?key=w2rqkqR9Le-KqDVvTL-jqg" width="624" height="287">
Source: Tradingview
At the time of writing the Aptos price was trading at $7.02 with an intraday surge of 2.56%. APT has a market cap of $3,177,741,922 and a 24-hour trading volume was $90,541,109 with a 7.80% surge in volume.
However, the APT price took support at the $6.36 level and headed in the upward direction. If APT price breaks the 50-day and 200-day EMA levels it might start a new bullish rally.
<h4>Conclusion</h4>
The strategic partnership between the Aptos Foundation and Alibaba Cloud heralds a significant leap forward for the Web3 space in Asia. With the launch of Alcove, the first co-branded Move developer community in the region, this alliance is set to catalyze the adoption of the Move programming language, fostering a new wave of innovation and collaboration among developers.
Also read: <a href="https://www.coingabbar.com/en/crypto-currency-news/vaneck-files-for-solana-etf-in-the-united-states" title="VanEck Files for Solana ETF in The United States" class="f-link" rel="noopener noreferrer nofollow">VanEck Files for Solana ETF in The United States</a>

Aptos and Alibaba Cloud Unite to Elevate Web3 in Asia

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