An altcoin project announcing its partnership with Microsoft has achieved double-digit gains in a short time in terms of price.
Microsoft announces new leading altcoin partner in Web3
Cross-chain protocol Axelar (AXL) collaborates with Microsoft to help integrate Web3 and traditional internet systems. Axelar will offer Blockchain data integration and interoperability solutions to Microsoft customers through Microsoft’s cloud platform, Azure.
Additionally, they will explore new initiatives that combine blockchain and artificial intelligence, such as linking private and public blockchains and leveraging Azure OpenAI services to create completely new experiences on the Web3.
Current technologies offer limited options for developers and organizations looking to enable one-click user interoperability spanning multiple Blockchain ecosystems. Combining Axelar’s secure cross-chain communications network with Microsoft Azure’s global reach and scale, the partnership plans to unlock seamless Web3 developer and user experiences. Specifically, Microsoft Azure Marketplace customers will have access to the following in partnership with Axelar:
- A programmable and secure end-to-end Blockchain interoperability solution.
- Services and developer tools via the AxelarJS SDK to automate multi-chain deployments for cross-chain native Web3 applications.
- Axelar General Message Passing (GMP) will enable developers to integrate functionality and network effects regardless of the networks or databases hosting them.
Axelar (AXL) price jumps in double digits on Microsoft news
Ranking 180th by market cap, AXL rose more than 20% on the hourly chart after the announcement. However, the rally was short-lived and the price returned to the day’s exit at $0.3632.
cryptocoin.com As we have reported, Ankr (ANKR) came to the fore in February with the partnership of Microsoft. ANKR price made a double-digit rally with these news.
About the Axelar (AXL)
Axelar is the interoperability layer for Web3. The network integrates innovation ecosystems into a seamless “Blockchain Internet”. Thus, it enables Blockchain as a new application development platform. Axelar is programmable and decentralized. The network is secured by AXL, a PoS token. App users can unlock tokens on any Blockchain with a single click. Developers work with a simple API. However, they can access an open market of tools to automate complex tasks.
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