Popular altcoin project NEAR is partnering with the Alibaba Cloud arm of Chinese tech giant Alibaba. Here are the details…
Alibaba Cloud is now a partner with the altcoin project
The NEAR Foundation, the nonprofit behind NEAR Protocol’s ecosystem development, announced on Monday that it is merging with Alibaba Cloud, the computing and storage arm of the Chinese tech giant, to accelerate Web 3 growth in Asia and the Middle East. The company said the partnership aims to attract more developers to build on the NEAR protocol by giving the NEAR Foundation access to Alibaba Cloud’s developer ecosystem in Asia and the Middle East. Developers looking to launch new NEAR validators will be able to do so with Alibaba Cloud’s plug-and-play infrastructure as a service.
The NEAR Foundation and Alibaba Cloud will offer remote procedure calls (RPC) as a service to developers and users in the NEAR ecosystem. RPC is a type of computer server that allows users to read data on the Blockchain and send transactions to different networks. It will also offer multi-chain indexing to provide data query API to developers. Users will also be able to use the NEAR Blockchain Operating System (BOS), a platform launched earlier in the year that allows developers to interact with other users while using Alibaba Cloud’s infrastructure.
This development comes as Alibaba recently announced that it has hired new Chairman of the Board, Joseph Tsai, who is an active Web 3 investor and has signed multiple deals with crypto-related organizations. Raymond Xiao, head of international Web3 solutions at Alibaba Cloud Intelligence, said, “The NEAR Foundation and Alibaba Cloud partnership is an important one as we continue to empower Web3 developers to explore opportunities. It’s also important for developers and validators in Asian markets, as they can leverage Alibaba Cloud’s extensive infrastructure in Asia.” said.
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