Aptos Labs' acquisition of HashPalette could lead into its integration into Japan's footprint

<div><div><p>Welcome back to Aptos’ Weekly Overview. The best place for Aptos community members to get up to speed on the chain’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place. </p><p><em>New here? Subscribe here to get updates to your inbox. Every Thursday. </em><span>🔔</span></p><h3><strong>By The Numbers</strong></h3><ul><li><p>Aptos transactions this week: 22.4M (+49.5%)</p></li><li><p>Network transactions per second (TPS): 37</p></li><li><p>Active users: 1.5M (-0.5%) </p><ul><li><p>New users this week: 647.4K  </p></li></ul></li><li><p>Total staked APT: 870.72M (-0.7%) </p></li><li><p>Aptos total value locked (TVL): $553.6M (+0.60%)  </p></li><li><p>NFT weekly sales: 2.9K (+65.1%) </p></li></ul><p><em><span>The percentages and metrics are based on a 7-day timeframe from Flipside</span><a href="https://flipsidecrypto.xyz/cristinatinto/aptos-weekly-stats-d9Jj90" rel="" target="_blank"> data</a><span> as of Sept. 30, unless noted otherwise.</span></em></p><h3><strong>Inside the blockchain</strong></h3><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F22335ef8-97c8-4675-9e1c-a45c3959dbfe_1395x745.jpeg" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/10/04/trmctttmroev.png'/></picture></div></a></figure></div><p><strong>🌐What happened:</strong><span> Aptos Labs </span><a href="https://medium.com/aptoslabs/aptos-labs-to-acquire-hashpalette-major-move-into-japan-701be216e470" rel="" target="_blank">announced</a><span> it acquired </span><a href="https://hashpalette.com/en/" rel="" target="_blank">HashPalette Inc.</a><span>, a subsidiary of HashPort Inc., and the main developers of the Palette blockchain.</span></p><p><strong>🌐Why does it matter: </strong><span>This acquisition looks to provide Aptos with exposure to the Japanese market. HashPort, a key player in Japan’s blockchain consulting scene, will be able to access Aptos’ scalability, enhanced security, and various developer tools that it has to offer. This could build a new avenue for traditional enterprises and decentralized infrastructure collaboration.</span></p><p><span>Additionally, the Palette blockchain plans to launch by January 2025, which will align with </span><a href="https://www.expo2025.or.jp/en/" rel="" target="_blank">Expo2025</a><span>, one of the largest technological conventions in Japan. Aptos will power the event’s digital wallet, opening access to digital assets and blockchain-powered experiences for millions of participants.</span></p><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9c8f97bb-8b4b-4d76-9d04-83b1ec4184e7_784x422.png" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/10/04/s33mtttmrorf.png'/></picture></div></a></figure></div><p><span>Aptos Labs' acquisition of HashPalette will also migrate the Palette network and applications to its blockchain. This integration aims to position the Aptos ecosystem in regions that it didn’t have deep exposure in previously. It also opens the chain to more subsectors like manga, sports, music NFTs and more, as Aptos Labs cofounder Mo Shaikh </span><a href="https://x.com/moshaikhs/status/1841823277968457855" rel="" target="_blank">noted on X</a><span>.</span></p><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F369fa1e8-1130-491c-8066-08f9dc7dd1d0_1280x720.jpeg" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/10/04/cb9ptttmrozc.png'/></picture></div></a></figure></div><p>Different countries and enterprises will have varying outlooks when it comes to web3 technology. For Japan, it has traditionally been open toward new innovations, like blockchain technologies.</p><p><strong>🌐The big picture: </strong><span>In general, Japan has been known as a leader for its technological innovations, so the HashPalette acquisition points to the country's continued efforts to stay up to date in a rapidly evolving space.</span></p><p>Blockchains are being ushered into more everyday use cases, and this acquisition could establish Aptos as a key player in Japan’s web3 ecosystem. </p><p>Separately, Aptos' role as the provider of Expo2025’s digital wallets can offer a real world demonstration of blockchain being applicable in everyday use cases. If this partnership is rolled out successfully from a user experience standpoint, it could encourage more enterprises to partner with blockchains on a nationwide scale.</p><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fefcd84f1-396c-4f6a-abfd-70bd73414876_864x158.png" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/10/04/lnngtttmrope.png'/></picture></div></a></figure></div><p>Aptos integrating into Japan’s technological footprint can help drive more mainstream acceptance of blockchain technology as well as integrate cultural sectors like anime into the industry. </p><h3><strong>Ecosystem wins </strong></h3><ul><li><p><strong>Franklin Templeton</strong><strong>launched</strong><span> its OnChain U.S. Government Money Fund (</span><a href="https://x.com/FTI_DA/status/1841463821296115789" rel="" target="_blank">FOBXX</a><span>) on the Aptos network - currently over $20M of BENJI already in subscriptions</span></p></li><li><p><strong>Aptos Labs partnered</strong><span> with </span><a href="https://x.com/CalBlockchain/status/1841206516734419439" rel="" target="_blank">Cal</a><span>, a student-run organization at UC Berkley focused on blockchain research </span></p></li><li><p><strong>RD Technologies raised</strong><a href="https://rd.group/news/press-releases/RDTechnologies_Series_A1_Financing/" rel="" target="_blank">$7.8M in its Series A</a><span> funding round with, and saw investments from Aptos Labs, among others</span></p></li><li><p><strong>Amnis Finance</strong><span>, a liquid staking protocol on Aptos, hit $197.9M in TVL on Sept. 28, marking an all-time high, </span><a href="https://defillama.com/protocol/amnis-finance#information" rel="" target="_blank">according to DefiLlama data</a></p></li><li><p><strong>Speaking of TVL… </strong><span>Aptos hit $573.4M on Sept. 30, an all-time high for the network (chart below)</span></p></li></ul><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F89288a88-beb3-4fb5-a7ab-39af52c29215_1600x484.png" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/10/04/a99mtttmroqo.png'/></picture></div></a></figure></div><h3><strong>The community is makin’ Moves  </strong></h3><ul><li><p><strong>Hear from</strong><span> the co-founders of Overlai and what they’re building on Aptos in </span><a href="https://www.youtube.com/watch?v=fTuoCL-ZRnI" rel="" target="_blank">this video</a></p></li><li><p><strong>Spooks Labs hosted</strong><span> an </span><a href="https://x.com/SpooksLabs/status/1841146261547647204" rel="" target="_blank">X space</a><span> that covered NFTs on Aptos in Q3</span></p></li><li><p><strong>Read about</strong><span> emojicoin, an emoji-centric platform built using Aptos technology, in </span><a href="https://x.com/xorkiki/status/1839392971260821754" rel="" target="_blank">this thread</a><span> by X user xorkiki</span></p></li><li><p><strong>Rarible integrated </strong><a href="https://x.com/rarible/status/1841846766213464562" rel="" target="_blank">Aptos Connect</a><span> to its NFT trading platform</span></p><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F1fdace3c-29a5-4d60-9150-e5bd72c69647_1500x500.jpeg" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/10/04/dgigtttmrovb.png'/></picture></div></a></figure></div></li></ul><h3><strong>By the headlines </strong></h3><p><em>You might have seen these Aptos-related headlines recently…</em></p><ul><li><p><span>Franklin Templeton’s onchain money fund goes live on Aptos blockchain (</span><a href="https://cointelegraph.com/news/franklin-templeton-onchain-money-fund-live-aptos-blockchain?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound" rel="" target="_blank">Cointelegraph</a><span>)</span></p></li><li><p><span>Aptos blockchain aims to disrupt payments with instant, low-cost transactions (</span><a href="https://www.thestreet.com/crypto/innovation/aptos-blockchain-aims-to-disrupt-payments-with-instant-low-cost-transactions" rel="" target="_blank">The Street</a><span>)</span></p></li></ul><h3><strong>Join in the fun   </strong></h3><p><span>Want to dive into the ecosystem full-time? Find the latest job postings on Aptos Foundation </span><a href="https://www.linkedin.com/jobs/search/?currentJobId=3866613767&amp;f_C=79119792&amp;geoId=92000000&amp;origin=COMPANY_PAGE_JOBS_CLUSTER_EXPANSION&amp;originToLandingJobPostings=3866613767%2C3866613769%2C3866617360%2C3866619178%2C3866618246%2C3866614730%2C3866613765%2C3866617359%2C3866612993" rel="" target="_blank">here</a><span>. </span></p><ul><li><p><span>Applications for the Movementum Accelerator program are open until Oct. 7 - apply </span><a href="https://aptosbuilder.io/" rel="" target="_blank">here</a></p></li><li><p><span>Apply to join </span><a href="https://protocolcamp.shardlab.com/" rel="" target="_blank">Protocol Camp</a><span>, a web3 boot camp program in SouthEast Asia dedicated to builders on Aptos, until Oct. 6</span></p></li><li><p><span>Registrations for </span><a href="https://aptosfoundation.org/events/code-collision" rel="" target="_blank">Code Collision</a><span>, a global hackathon hosted by Aptos, are currently live until Oct. 15</span></p></li></ul><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5a171f2a-bde5-438a-8ad0-75a607b413d6_867x852.jpeg" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/24/10/04/uycxtttmrok0.png'/></picture></div></a></figure></div><p><strong>To get this newsletter delivered to your inbox every week, subscribe here. </strong></p><p><em><span>This product was built by </span><a href="https://token-relations.com/" rel="" target="_blank">Token Relations</a><span>.</span></em></p><p><em>This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.</em></p></div></div>

Aptos Labs acquires HashPalette, expanding the network’s exposure in Japan