February 21, 2024

The NEAR Foundation, the company behind NEAR Protocol Ecosystem It is being developed in cooperation with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group.

Strategic Alliance Aims to Inspire NEAR Foundation’s Impact on Alibaba Cloud Extensive Developer Ecosystem in Asia and middle East. Simplifying the process of rolling out new NEAR validators through Alibaba Cloud’s “plug-and-play” infrastructure, the partnership aims to attract more developers to build on the NEAR Protocol.

“Our partnership with Alibaba Cloud is an important milestone near Base.Proof that NEAR Protocol’s technology can truly lift restrictions around Web3 development, enabling more creators to build exciting applications and helping billions of Web2 users experience the possibilities of Web3. said Marieke Flament, CEO of the NEAR Foundation.

Tools and Infrastructure: Empowering Developers

NEAR Foundation and Ali Cloud We are teaming up to provide Remote Procedure Call (RPC) as a service to developers and users in the NEAR ecosystem. Combined with the multi-chain data index, the service provides developers with a data query API that simplifies the process of searching for data across multiple blockchains.

Application developers working on NEAR blockchain operating system (BOS) can now leverage Alibaba Cloud’s infrastructure. BOS provides a unified layer for browsing and discovery in an open web experience compatible with any blockchain. Its great feature FastAuth allows developers to onboard new users with just one email, eliminating the need for encryption.

“Together with NEAR’s Node-as-a-Service initiative and BOS, we are supporting the Web3 community in creating exciting applications that benefit consumers at large. We look forward to the results of this partnership.” Head of Web3 Solutions, Alibaba Cloud Intelligence International Raymond Shaw said.

Market Response and Future Cooperation

After announcing the partnership, Market price of NEAR It rose 8 percent to $1.57, signaling a positive market reaction. As part of the partnership’s future efforts, both entities plan to expand their collaboration by participating in various global Web3 conferences and events.

The announcement comes on the heels of Alibaba’s appointment of a new chairman, Joe Tsai, known for his aggressive investments in the Web3 space.

Disclaimer: This article is for informational purposes only. It does not provide or be intended to be used as legal, tax, investment, financial or other advice.