Aptos Labs, the developer of Aptos Network, has signed an agreement to acquire Japanese NFT service provider HashPalette in a bid to expand its presence in Asia.

On October 3, HashPalette announced its decision to become a wholly owned subsidiary of Aptos Labs. The acquisition will bring the Palette Chain blockchain and existing HashPalette applications to Aptos Network.

Aptos Labs said the acquisition will play a key role in expanding into the Asian market. Aptos aims to increase collaboration with influential companies in Japan and support local Web3 participants.

Share your thoughts in the comments.