They’ve just signed an agreement to acquire HashPalette, a Japanese NFT service provider, as part of their strategy to grow in Asia.
This move positions Aptos Labs to bring Japanese businesses into their blockchain ecosystem and drive Web3 innovation.
Aptos Labs Strengthens Global Presence in Blockchain
On October 3, HashPalette announced that it would become a wholly-owned subsidiary of Aptos after an agreement was made with its previous owner, HashPort. As part of the deal, HashPalette’s blockchain, called Palette Chain, and its existing applications will move over to the Aptos Network. This is a major step for Aptos Labs as they expand into the Asian market.
[Notification]
HashPalette Inc. has decided to transition from a wholly owned subsidiary of HashPort Inc. (@hashport_io ) to a wholly owned subsidiary of Aptos Labs, developer of the Aptos Network(@Aptos ), pursuant to an agreement between HashPort and Aptos Labs. Accordingly,…
— HashPalette_Global (@hashpalette_en) October 3, 2024
Aptos is known for its innovation in blockchain technology. By acquiring HashPalette, they aim to help Japanese businesses and developers tap into the power of Web3.
A Gateway to Japanese Business
Aptos Labs is excited about this acquisition for the chance to connect with Japan’s influential companies. HashPalette already has strong relationships with Japanese businesses, and Aptos Labs wants to build on those connections. They aim to make blockchain technology more accessible in Japan by partnering with local developers, NFT creators, and enterprises.
Japan’s tech prowess make it a vital stronghold for Web3. With @AptosLabs and @hashpalette_en leading the charge, Japan cements itself at the epicenter of innovation.
This groundbreaking agreement paves the way for Aptos to join forces with Japan’s leading firms.
Let’s MOVE https://t.co/hx70Fmt1zm
— Aptos (@Aptos) October 3, 2024
According to Mo Shaikh, the founder and CEO of Aptos Labs, this acquisition is a crucial first step. It will empower Japanese businesses with cutting-edge blockchain technology. By doing so, Aptos Labs hopes to create new opportunities for Web3 innovation in Japan.
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This articles is written by : Fady Askharoun Samy Askharoun
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