NEAR Foundation, the non-profit organization responsible for developing the NEAR blockchain, has recently announced a groundbreaking partnership with Alibaba Cloud, the computing and storage division of Chinese tech giant Alibaba. This collaboration aims to support Web3 adoption in Asia and the Middle East, propelling NEAR Protocol to new heights.
The news of the partnership sent shockwaves through the crypto market, leading to a substantial increase in the price of the NEAR token. In just one day, the NEAR token witnessed double-digit gains, reaching a 3-week high of $1.61. This surge in value highlights the market’s positive response to the collaboration and the broader upward momentum seen in the crypto industry.
As part of the partnership, the NEAR Foundation will gain access to Alibaba Cloud’s developer ecosystem, allowing developers across Asia and the Middle East to build on the NEAR protocol with ease. This means that NEAR Protocol developers can now leverage Alibaba Cloud’s infrastructure, simplifying the development process and expanding the reach of the NEAR network.
One significant benefit of the collaboration is the inclusion of remote procedure calls (RPC) as-a-service offering, enabling multi-chain access to blockchain data and transactions. This feature will enhance the user experience and provide seamless integration between different blockchains.
This partnership with Alibaba Cloud follows closely on the heels of NEAR Foundation’s collaboration with Vortex Gaming, a Web3 subsidiary of INVEN, South Korea’s largest gaming community. The aim of this joint effort is to enhance Web3 gaming on Vortex Gaming and the NEAR game ecosystem through offline hackathons and other initiatives.
Vortex Gaming will utilize NEAR’s layer-1 protocol and the Blockchain Operating System (BOS), an open-source OS for the open web. The introduction of BOS earlier this year added a multi-chain compatible layer for browsing and discovering the Open web to NEAR’s ecosystem.
Overall, the NEAR Foundation’s partnership with Alibaba Cloud marks a significant milestone for the development and adoption of Web3 technologies. By collaborating with industry giants like Alibaba, NEAR Protocol is poised to gain even greater recognition and support as the Web3 movement continues to gather momentum.
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