In short: The NEAR Foundation is collaborating with Alibaba Cloud to enhance Web3 growth in Asia and the Middle East. Under the partnership, the NEAR Foundation will have access to Alibaba Cloud's developer ecosystem, and users can enjoy multiple benefits, including plug-and-play service infrastructure and remote procedure calls (RPC) as a service. Alibaba Cloud will make its RPC as a service available to users in the NEAR ecosystem and offer the NEAR Blockchain Operating System (BOS) to its infrastructure users. This partnership follows Alibaba's recent management restructuring and the appointment of Joseph Tsai as its new Chairman.
Our quick analysis:
The NEAR Foundation has partnered up with Alibaba Cloud to accelerate Web3 growth in Asia, and it looks like they mean business. The non-profit organization will have access to Alibaba Cloud's developer ecosystem across selected jurisdictions in Asia and the Middle East, which will bring more developers on board to build on the NEAR protocol. This is great news for Web3 enthusiasts and developers who will have access to some exciting new developments.
Through the partnership, NEAR Foundation will have access to Alibaba Cloud's plug-and-play infrastructure, which will be available for the launching of new NEAR validators. Additionally, the partnership will offer remote procedure calls (RPC) as a service to developers and users within the NEAR ecosystem. It is important to note that RPC is used to call other processes on remote systems, like a local system. This will offer a great advantage to developers and users who seek to explore opportunities in the Web3 sphere.
The partnership will also enable users of Alibaba Cloud infrastructures to use the NEAR Blockchain Operating System (BOS). Since the launch of BOS earlier this year, it has been helping with user interaction and allowing them to build into one another. This is a significant development that will allow for greater collaboration.
Just as exciting is the recent restructuring of Alibaba's management. The Chinese tech giant recently announced a new chairman, Joseph Tsai, a vocal crypto proponent and an active Web3 investor. He has participated in crypto-related investments and his appointment has been met with great enthusiasm. His appointment could lead to greater adoption of Web3 technologies in the Asia and Middle East regions.
In conclusion, the partnership between the NEAR Foundation and Alibaba Cloud is a significant development that will accelerate Web3 growth in Asia and the Middle East. The partnership will offer developers and users with more access to exciting technologies and infrastructure, which will foster collaboration and innovation. Hopefully, the partnership will lead to a greater adoption of Web3 technologies in the region.
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Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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