Aptos Blockchain Rewards Go Live on Jio for 500M Users
India’s Reliance Jio has partnered with the Aptos Foundation and Aptos Labs to launch Aptos blockchain rewards on its network for 500 million subscribers. In a beta test, 9.4 million users are already earning benefits via the high-speed, low-cost Aptos Layer-1 network. Aptos Labs will provide technical support and developer tools to scale the rewards program across Jio’s vast user base. While this marks a major expansion of Jio’s Web3 services, the APT token fell 5% amid a broader market downturn. Traders should monitor APT token price movements and user uptake as key indicators of market sentiment and institutional appetite for telecom-based blockchain rewards.
Bearish
The launch of Aptos blockchain rewards on Jio’s network is a significant Web3 milestone, but the APT token’s 5% drop amid a broader market downturn indicates short-term selling pressure. In the near term, traders may remain cautious, reacting to token price volatility and awaiting user adoption metrics. Over the longer term, successful scaling and strong uptake could drive renewed demand for APT, but immediate sentiment remains negative due to the recent price slide.