NEAR Foundation partners with Alibaba Cloud to boost Web3 growth in Asia.

The NEAR Foundation, which is a non-profit organization responsible for developing the NEAR protocol’s ecosystem, has partnered with Alibaba Cloud, the Chinese tech giant’s computing and storage division, to accelerate the growth of Web3 in Asia and the Middle East, according to an announcement made on Monday.

The partnership allows the NEAR Foundation to access Alibaba Cloud’s developer ecosystem across Asia and the Middle East in order to attract more developers to build on the NEAR protocol. Developers who want to launch new NEAR validators will be able to do so using Alibaba Cloud’s “plug-and-play” infrastructure as a service.

In addition, the NEAR Foundation and Alibaba Cloud will offer remote procedure calls (RPC) as a service to developers and users in the NEAR ecosystem, as well as multi-chain indexing to provide data-query application programming interface (API) to developers. Users will also be able to use the NEAR Blockchain Operating System (BOS) platform, which allows developers to build into and interact with other users while using Alibaba Cloud’s infrastructure.

After the announcement, the price of NEAR jumped 8% to $1.57. This comes after Alibaba recently hired its new Chairman, Joseph Tsai, who has been an active Web3 investor and has signed multiple deals with crypto-related entities. “The NEAR Foundation and Alibaba Cloud partnership is important as we continue to support Web3 developers to explore opportunities,” said Raymond Xiao, head of international Web3 solutions at Alibaba Cloud Intelligence. “It is also significant for developers and validators in the Asian markets, as they can leverage Alibaba Cloud’s comprehensive infrastructure in Asia.”

UPDATE (June 26, 07:30 UTC): Adds NEAR’s price jump in fifth paragraph.

Edited by James Rubin.

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