Movemaker and alcove Launch US$200K Open-Source Initiative to Establish Secure Contract Library for Aptos Developers
Creating a Gold Standard for Truly Trustworthy, Reusable, and Auditable Infrastructure with the Aptos Move Secure & General Purpose Base Library
HONG KONG, June 2, 2025 /CNW/ -- Movemaker, Aptos' official Chinese-speaking community, and alcove, the first Asia-based Move developer organization, today announced the launch of the Aptos Move Secure & General Purpose Base Library, an open-source initiative to standardize and strengthen the Aptos smart contract ecosystem. The initiative comes in response to growing concerns over on-chain security and fragmented development practices in the Web3 space.
Backed by an initial US$200,000 in seed funding from Movemaker, the initiative will create a rigorously audited, reusable library of smart contract modules – covering critical areas such as access control, upgrade tools, DeFi primitives, and utility functions. The project aims to mirror the role of OpenZeppelin in the EVM ecosystem while leveraging the unique technical advantages of Move and Aptos, including resource-oriented programming, strong typing, and parallel execution.
"Despite Move's inherent safety, we've seen developers repeatedly rebuild essential modules with varying quality and minimal audit coverage," said Kaito, Core Contributor at Movemaker. "This project aims to eliminate duplication, improve security, and accelerate dApp development by providing a trusted foundation for all Aptos developers."
The initiative is open to all Aptos builders and will be governed through transparent, community-led development on GitHub, incorporating automated testing, formal verification via Move Prover, peer reviews, and bounty incentives.
A full suite of tools and support will be provided for developers:
Core Module Library: Reusable components including access control, module upgrades, DeFi primitives, and security utilities.
Multi-language SDKs: Support for TypeScript, Python, Rust, Go, etc., to simplify on-chain operations.
Standardized APIs: Easier blockchain data access and interaction interfaces for app developers.
Developer Tooling Support: VS Code plugins, CLI extensions, debugging tools, and more for a better coding experience.
Templates and Example Projects: Ready-to-use boilerplates to help you build your own dApps quickly.
Developers can review details of the proposal and submit a PR here: https://github.com/ALCOVE-LAB/aptos-movekit
The Aptos Move Secure & General Purpose Base Library initiative welcomes contributions from project teams, independent developers, and security experts to collaborate together and help shape a robust, reusable foundation for the future of Move-based smart contract development.
About Movemaker
Movemaker is an official community organization authorized by the Aptos Foundation, jointly launched by Ankaa and BlockBooster, focused on developing and expanding the Aptos ecosystem within Chinese-speaking regions. As Aptos' official representative in the region, Movemaker has received multi-million-dollar support and resources from the Aptos Foundation and is committed to building a diverse, open, and thriving ecosystem by connecting developers, users, capital, and partners.
From DeFi and AI to payments, stablecoins, and RWA, Movemaker supports the deployment of innovative applications and drives real-world connections for Aptos technology. As a key bridge for Aptos in Asia, Movemaker combines local narratives with global vision to inspire more developer participation in the ecosystem.
About alcove
alcove is the first Chinese-speaking Move developer community in Asia, co-built with the Aptos Foundation, focused on supporting developers in building the next generation of Web3 applications using Move. The community brings together a large number of developers experienced in Move low-level development, contract security, and tooling—and has contributed practical expertise to numerous Aptos projects.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
5 hours ago
- Globe and Mail
This Global REIT Is Riding Asia's AI Wave Straight to the Bank
Equinix (NASDAQ: EQIX) is a powerhouse in digital infrastructure and part of a new class of innovative real estate investment trusts (REITs) laying the groundwork to become the future of real estate investing. It has a strong history of capitalizing on international technology trends that traditional REITs can't match. With a strategic expansion in Indonesia, Equinix is positioning itself for explosive growth, and Wall Street is beginning to take notice. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Why this digital land grab is a big deal Asia is becoming the global epicenter of digital demand, and Indonesia is leading the charge. It's attracting major investments in cloud computing, artificial intelligence (AI), and fintech. By entering the market early and scaling aggressively, Equinix is developing a strategic advantage that will be tough for competitors to match. Indonesia's data center market is projected to grow at a compound annual growth rate (CAGR) of 8% to $3.79 billion through 2030. Cloud giants like Amazon Web Services and Alphabet 's Google Cloud have already announced major investments, but their platforms need physical infrastructure to function. That's what makes Equinix's expansion into Jakarta so strategic. Its newly opened data center is no ordinary server farm. Built to support intensive computing tasks like training and running AI systems, Equinix is creating the critical backbone necessary for digital business growth in Indonesia. This could make Equinix one of tech's most valuable players. The average analyst price target sees Equinix at $1,009, 10% percent higher than it currently sits, a nod to its forward-looking strategy and savvy market expansion. What gives Equinix the edge In addition to its Indonesian assets, Equinix operates 270 data centers across five continents and 35 countries. It has a great track record with its customers, retaining 98% of them. As of Q1 2025, Equinix reported over $2.1 billion in annual adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). This strong combination of global scale, customer loyalty, and reliable earnings is exactly what sets the stage for Equinix's move into Jakarta to be a success. While it's not the highest-dividend REIT, Equinix pays investors 2% annually. But considering its growth trajectory looks more like a tech company than a traditional REIT, that's not too bad. The risks to watch Equinix does face potential pressures though. Their total capital expenditures for 2025 are projected between $3.4 billion and $3.7 billion, with non-recurring expenditures accounting for around 95% of that. This significant investment is partly due to the need to modernize legacy data centers to meet new levels of demand. While these upgrades are essential, they represent a substantial financial commitment that could impact short-term profitability. That said, Equinix ended Q1 2025 with roughly $2.95 billion in cash and cash equivalents and an ample $7.6 billion in total available liquidity. The balance sheet looks sturdy enough to fund expansion without putting shareholders at undue risk. Geopolitical tensions are also on the periphery of investor concerns. As Equinix operates globally, it must navigate regulatory, monetary, and political risks in emerging markets. But these risks appear to be well managed by the company's leadership, and its long-term leases, high renewal rates, and diversified customer base provide stability. It's time to stake your claim in the future of tech real estate Some investors still think REITs are too risky and don't deliver enough value. Those perceptions are often based on underperforming traditional sectors like retail or office space. That's where tech-powered REITs like Equinix come in. Gone are the days when investing in real estate meant buying a piece of something on the ground. Now you're buying into the cloud. Even in comparison to peers like Digital Realty, Equinix still stands out. It has a stronger international footprint, a more premium client base, and better historical uptime. If you're looking for a REIT that combines growth potential with resilience in the digital age, Equinix is arguably a top-tier pick. AI is only as powerful as the infrastructure behind it, and Equinix is building the digital backbone on which the future will run. Jakarta may just be one dot on the map, but it signals Equinix is putting itself at the forefront of the global shift. With recurring revenue, global scale, and a pioneering foothold in high-growth markets like Indonesia, this REIT could quietly become one of the most important tech stocks of the next decade. Investors looking to profit from AI's global expansion without the volatility of pure-play tech stocks may want to give Equinix a closer look. It might not be a flashy choice, but it's in a solid state and could be the smartest upgrade your portfolio makes this year. Should you invest $1,000 in Equinix right now? Before you buy stock in Equinix, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Equinix wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor 's total average return is994% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Philippa Main has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Digital Realty Trust, and Equinix. The Motley Fool has a disclosure policy.


Toronto Sun
8 hours ago
- Toronto Sun
Canadian Centre for Cyber Security says network devices compromised in China-linked hack
Published Jun 21, 2025 • 1 minute read A person types on a neon computer keyboard. Photo by Uladzimir Zuyeu / iStock / Getty Images Canada's cybersecurity agency said Chinese-backed hackers were likely behind recent malicious activity targeting domestic telecommunications infrastructure, warning that three network devices registered to a Canadian company were compromised in the attacks. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The Canadian Centre for Cyber Security and the U.S. Federal Bureau of Investigation urged Canadian organizations to take steps to harden their networks against the threat posed by Salt Typhoon, a group linked to the Chinese government, in a bulletin issued late on Friday. 'The Cyber Centre is aware of malicious cyber activities currently targeting Canadian telecommunications companies,' the centre said. 'The responsible actors are almost certainly PRC state-sponsored actors, specifically Salt Typhoon,' it said, referring to the People's Republic of China. Separate investigations that revealed overlaps with malicious indicators consistent with Salt Typhoon suggest the cyber campaign 'is broader than just the telecommunications sector,' it said. The hackers will 'almost certainly' continue efforts to infiltrate Canadian organizations — especially telecom providers — over the next two years, the agency said. Beijing has repeatedly denied U.S. allegations of its involvement in Salt Typhoon, which was first reported by The Wall Street Journal last year. In January, the U.S. sanctioned a Chinese firm accused of 'direct involvement' in the infiltrations along with the country's Ministry of State Security. — With assistance from Thomas Seal. Columnists Columnists Toronto & GTA Columnists Toronto & GTA


Globe and Mail
10 hours ago
- Globe and Mail
'Largest of its Kind' Tesla Stock (NASDAQ:TSLA) Notches Up With New Battery Power Plant in China
While most of us tend to focus on electric vehicle giant Tesla (TSLA) for, well, its electric vehicles, there is one part of Tesla that tends to go oddly underappreciated: its batteries. The things that make the cars go also have a great potential to keep the lights on at our homes. And they may be about to do just that in China, as Tesla will be building a new 'grid-scale battery power plant' therein. The news sent Tesla shares up fractionally in Friday afternoon's trading. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The new plant that Tesla is looking to build represents something of a novel approach to wide-scale power generation. While more and more users are looking to renewables like wind and solar for some part of grid-power operations, even the most fervent supporters of same know that there is a problem there: the sun does not always shine, nor does the wind always blow. So battery plants are being considered more and more as a way to store energy in the good times, to be parceled out to the grid later on. And with Tesla's battery factory in Shanghai already having produced 100 Megapacks—the kind of battery that works at grid-level—in the first quarter alone, Tesla might be able to set up such a plant fairly rapidly. It will be quite a plant, too; reports note that the project will be '…the largest grid-side energy storage project in China,' Tesla representatives noted. Given that one Megapack can offer one megawatt for four hours, that could indeed be a serious power project. Try Before You Buy Want to test-drive a Tesla? Well, you may have an opportunity to do just that thanks to a partnership effort between Tesla and the Electrify Expo, which will allow users to take a Tesla home for the weekend and put it through its paces before returning it. Tesla is just the first such company to go in right now, as Electrify Expo is looking to bring in more carmakers to the deal. Though right now, this is limited to the Los Angeles show only, which starts tomorrow, expansions are likely to follow. Dubbed the 'Electrify Weekender' experience, the event is likely to expand to Chicago, Dallas, New York, San Francisco and Seattle by the end of the year, with the Los Angeles experience serving as a way to work out any kinks in the program. Is Tesla a Buy, Hold or Sell? Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 12 Holds, and nine Sells assigned in the past three months, as indicated by the graphic below. After a 75.97% rally in its share price over the past year, the average TSLA price target of $286.14 per share implies 11.93% downside risk. See more TSLA analyst ratings Disclosure