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Cryptocurrency News Articles
Aptos Foundation and Ignition AI Accelerator Join Forces to Drive AI Innovation in APAC
Sep 21, 2024 at 04:00 am
The partnership will provide blockchain infrastructure and financial backing for startups accepted into the accelerator program.
Aptos Foundation has joined forces with Ignition AI Accelerator, an Nvidia-backed initiative to propel the growth of artificial intelligence (AI) startups in the Asia-Pacific (APAC) region, through a strategic partnership announced on Monday. This collaboration will leverage Aptos’ blockchain technology to drive innovation within the APAC AI landscape.
The partnership unites the resources of the Aptos Foundation and the AI Ignition Accelerator, which is supported by NVIDIA, Tribe, and Digital Industry Singapore. Together, they aim to push the next phase of AI development, focusing on startups in APAC.
Highlighting the broader potential of the collaboration, Ng Yi Ming, director at Ignition AI Accelerator, said, "This partnership will not only accelerate the growth of AI startups in the region but also create a powerful global synergy by combining our unique resources and expertise to support emerging talent in the field."
The initiative will provide both blockchain infrastructure and financial backing for startups accepted into the accelerator program, according to an announcement shared on X (formerly Twitter) by the Aptos Foundation. The foundation will also be harnessing Microsoft’s OpenAI Service to "break down barriers to AI adoption, enabling entrepreneurs in the ecosystem to integrate AI seamlessly."
The Aptos blockchain ecosystem continues to expand, supporting various sectors, including decentralized finance (DeFi), gaming, stablecoins, and AI-focused projects. The platform also enables innovations such as non-fungible tokens (NFTs), decentralized physical infrastructure networks, and blockchain bridges.
In June 2024, Aptos entered into a long-term collaboration with NBCUniversal, integrating its blockchain for gaming and fan engagement purposes. This followed an initial partnership between the two companies in September 2023.
Furthermore, the blockchain platform has been involved in other ventures, including a July 2024 partnership with event ticketing platform KYD Labs and a collaboration with streaming service myco to introduce Web3-based entertainment.
Launched in May 2024, Ignition AI Accelerator is a Singapore-based initiative that aims to foster AI innovation by providing resources, mentorship, and funding to startups in the APAC region. The program is backed by government accelerator Tribe and chipmaker NVIDIA. This latest partnership with Aptos strengthens its proposition, combining blockchain technology with cutting-edge AI to help entrepreneurs in the region achieve greater success.
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