Aptos Foundation is teaming up with the decentralized AI platform FLock.io which is working on developing tools to ease coding in Move, the custom language developed for the blockchain. FLock.io has created a large language model designed for Move within the Aptos infrastructure.
The first tests show it to be outperforming the likes of ChatGPT-4, with superior accuracy and readability issues targeted specifically to Move-coded programs.
Once AI tools were available widely, coders began using chatbots such as OpenAI’s ChatGPT or Anthropic’s Claude in efforts to boost their coding capabilities. All crypto developers are now accustomed to these platforms, not only for producing smart contract’s code but also for carrying out the audit of the codes.
FLock.io CEO Speaks on Aptos Foundation Collabo
Move programming language was developed originally by Meta (formerly Facebook) for the Diem stablecoin (Libra) project. Move is often regarded as a much easier language than the Solidity language used in Ethereum.
Nonetheless, given the newness of Move as a programming language, it remains underutilized. One of the leading adoption barriers regarding Move was succinctly captured by Bashar Lazaar, head of grants and ecosystem at the Aptos Foundation, saying that “adoption could be daunting without the right tools.” Move is also used in other smart contract-centric networks, such as Sui and Movement.
“By focusing on Move, we’re not just enhancing a programming language; we’re empowering developers with tools that make complex blockchain operations simpler, more secure, and more efficient,” FLock.io CEO Jiahao Sun said.
Franklin Templeton’s Onchain Fund Now Live on Aptos Blockchain
The Aptos Foundation has acquired the Franklin OnChain US Government Money Fund (FOBXX) through a partnership between the Franklin Templeton investment management company and the Aptos Foundation.
This integration enables the layer-1 blockchain embedded with the Move programming language, to broaden its operational capability to support the treasury-backed fund.Moving assets to non-Ethereum virtual machines is also a win.
Invested in U.S. government-backed securities and cash, and agreements for the repurchase of government-backed assets such as treasury bills. As of this date, it boasts assets under management over $427.95 million.
This is the first US registered mutual fund utilizing Blockchain technology for transactions and share ownership records that started off with the Stellar network. Fund shares tokenize into BENJI tokens that are kept safely in digital wallets.
How Mo Shaikh Leveraged Technology to Create Aptos Foundation
Aptos was founded by Mo Shaikh and Avery Ching, both of whom were previously involved in Meta’s blockchain project, Diem. When Meta decided to close Diem, Shaikh and Ching saw an opportunity to use its technology to create Aptos.
Since then, activity on the Aptos network has exceeded expectations, hitting an astonishing 115.4 million transactions in a single day in May this year. Aptos has processed over 1.7 billion transactions since its introduction in October 2022. According to DefiLlama’s statistics, this blockchain currently has a Total Locked Value of $545 million.
The tokenization of funds is revolutionizing the classical financial instruments as it allows people to own parts of assets. Regarding asset tokenization, companies like BlackRock along with ParaFi Capital are tokenizing funds in millions which represents a huge step in the way assets are held and obtained.
The Aptos Foundation’s partnership with FLock.io is making coding in the Move language more efficient. FLock.io’s large language model, specifically built for Move, is already outperforming popular AI tools like ChatGPT-4 with better accuracy and readability. Originally developed by Meta for the Diem project, Move is considered easier to learn than Ethereum’s Solidity. Aptos’s recent acquisition of Franklin Templeton’s OnChain Fund (FOBXX) further highlights its push to blend blockchain with traditional finance.
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