In a significant move to bolster Japan's Web3 ecosystem and enhance regional accessibility in the Asia-Pacific area, the Aptos Foundation and Alibaba Cloud have announced a new collaboration.

Through this partnership, the Aptos Foundation and Alibaba Cloud have launched Alcove, the first co-branded Move developer community in Asia.

With Alcove, Aptos Foundation and Alibaba aim to create a nurturing environment for developers to innovate, thrive, and spearhead the next wave of digital transformation.

As part of this initiative, Aptos Foundation will collaborate with Alibaba Cloud to enhance regional accessibility across the APAC region, with Japan being the first to benefit from this collaboration.

Bashar Lazaar, a senior executive at the Aptos Foundation, commented on the new partnership:

“By teaming up with the Alibaba Cloud team and leveraging their technology, we aim to foster a dynamic environment that supports Japan's growing interest in Web3 and capitalizes on its IP strengths.

“As the foundation works to expand Aptos' ecosystem globally, we are dedicated to creating the best user experiences for the next generation of developers in Japan, APAC, and beyond.”

Following the announcement of this collaboration, the price of APT increased. APT has risen by 2.6% in the last 24 hours and is trading at $7.03 at the time of writing. #AltcoinGains #Altcoins👀🚀 #CryptoNewsCommunity #Cryptocurrencies #CryptoNewss