Aptos Labs Acquires HashPalette, Becomes Blockchain Provider for Expo 2025, Boosts Japan's Web3

Oct 3, 2024, 12:32 AM

Aptos Labs has announced an agreement to acquire HashPalette Inc., the developer of Japan's Palette blockchain, from its parent company HashPort Inc. The acquisition marks a significant move in the blockchain industry, with HashPalette transitioning to become a wholly owned subsidiary of Aptos Labs. As part of the deal, the Palette ecosystem will join Aptos, and Palette Chain will migrate to the Aptos Network, enhancing its capabilities with Aptos's cutting-edge technology. This strategic acquisition is considered a game-changer for both Japan and the Aptos ecosystem, empowering Japan's incredible builders and creators to shape Web3 technology. Additionally, Aptos will serve as the exclusive blockchain provider for the EXPO2025 DIGITAL WALLET at Expo 2025 in Osaka, Kansai, Japan. This move underscores Aptos Labs' commitment to investing in Japan's digital economy, supercharging the world's fourth largest economy with advanced Web3 solutions.