Source: https://twitter.com/woonomic/status/1355596070802259970
- NEAR Protocol and Alibaba Cloud have formed a partnership to accelerate Web3 adoption in Asia and the Middle East, providing developers with access to Alibaba Cloud’s developer network and infrastructure.
- The collaboration aims to enhance the NEAR ecosystem by enabling developers to issue new validators, offering streamlined infrastructure services such as remote procedure calls (RPC), and driving market growth with a surge of 12% in NEAR’s valuation following the announcement.
NEAR Protocol and Alibaba Cloud Join Forces to Drive Web3 Adoption
The NEAR Foundation and Alibaba Cloud have formed a groundbreaking partnership aimed at accelerating the growth and adoption of Web3 technologies in Asia and the Middle East. This collaboration provides the NEAR ecosystem with access to Alibaba Cloud’s extensive developer network, creating new opportunities for developers to build innovative applications on the NEAR Protocol. By leveraging Alibaba Cloud’s “plug-and-play” infrastructure, developers can easily issue new validators, enhancing the scalability and robustness of the NEAR ecosystem.
Empowering Developers and Users with Streamlined Infrastructure and Services
As part of the collaboration, the NEAR Foundation and Alibaba Cloud will offer remote procedure calls (RPC) as a service, enabling seamless interaction with the NEAR Protocol. This service facilitates efficient data retrieval and transaction execution, empowering developers and users to harness the full potential of the NEAR ecosystem. Additionally, the partnership incorporates multi-chain indexing, providing developers with a comprehensive data-query API for enhanced development capabilities. This streamlined infrastructure and service offerings create a conducive environment for innovation and growth within the Web3 space.
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Impressive Market Response Reflects Enthusiasm for NEAR and Alibaba Collaboration
The NEAR Protocol’s partnership with Alibaba Cloud has garnered significant attention and market enthusiasm, resulting in a surge in NEAR’s valuation. Shortly after the announcement, NEAR’s native token experienced a remarkable 12% surge, reflecting market confidence and excitement surrounding the collaboration. This positive market response underscores the potential impact of the alliance, as industry participants recognize the value and growth prospects that arise from the integration of NEAR Protocol and Alibaba Cloud’s resources and expertise.
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