APT Surges 7% After Bold Acquisition of Japanese Blockchain Developer HashPalette
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 04 2024Aptos Acquires HashPalette: Aptos, a Layer 1 blockchain network, has acquired Japanese developer HashPalette to expand its presence in the Japanese blockchain market, resulting in a 7% increase in Aptos token value. The integration of HashPalette's Palette Chain into Aptos is expected before Expo 2025, enhancing options for users in NFTs and dApps.
Market Reactions and Future Prospects: Following the acquisition announcement, Aptos' native token APT surged by over 7%, while HashPalette's PLT token dropped by 15% due to uncertainty about its future. Aptos aims to leverage the upcoming Expo 2025 in Osaka to showcase its blockchain capabilities and further establish itself in Asia's digital asset landscape.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
