Near Foundation Partners with Alibaba Cloud


The non-profit organization Near Foundation, behind the development of the ecosystem of the blockchain project of the same name, has announced a partnership with Alibaba Cloud. It is reported by CoinDesk.

The collaboration with the Chinese tech giant’s cloud computing division is designed to accelerate the growth of Web3 initiatives in Asia and the Middle East.

As a result of the collaboration, the Near Foundation gains access to the regional ecosystem of Alibaba Cloud developers in order to develop the protocol. The company’s infrastructure will allow those who wish to run validator nodes in a “plug and play” mode.

Partners will jointly offer services RPC for developers and users. The protocol also implements multi-blockchain indexing to provide programmers with various API for data requests.

The price of the native NEAR token has increased by 9% over the past day (CoinGecko). The asset is trading at $1.58, about 92% below its January 2022 high of $20.44.

Near Foundation Partners with Alibaba Cloud
Data: CoinGecko.

CoinDesk noted that the announcement of cooperation followed shortly after Joseph Tsai took over as chairman of Alibaba. The entrepreneur is known as an active investor in the field of Web3.

“The partnership between the Near Foundation and Alibaba Cloud is significant as we continue to support Web3 programmers. It is also important for developers and validators in Asian markets as they can use the comprehensive infrastructure of Alibaba Cloud,” said a representative of the Chinese company.

Recall that in March, the developers of Near Protocol presented the Blockchain Operation System solution, which was positioned as an “operating system for blockchains”.

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