Movemaker and Alcove have announced a $200,000 initiative to develop an open source standard contract library for the Aptos blockchain. This collaboration aims to address common issues in the Aptos ecosystem, such as redundant development and insufficient security audits, by creating a standardized smart contract library. The project will focus on enhancing access control, module upgrades, and DeFi modules, leveraging the Move language's strengths. The initiative invites developers and security teams to contribute, with funding from Movemaker and coordination by Alcove, utilizing GitHub and security audits to ensure transparency and collaboration.