NEAR Foundation Joins Hand with Alibaba Cloud to Accelerate Web3 Growth The partnership will offer Remote Procedure Calls (RPC) as a service to developers and users, along with Multi-chain data indexing to developers and tools to develop decentralized applications (dApps) more easily.

By Paromita Gupta

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

NEAR Protocol

NEAR Foundation, a Swiss non-profit, announced it was partnering with Alibaba Cloud, the digital technology and intelligence arm of Alibaba Group.

The partnership will offer Remote Procedure Calls (RPC) as a service to developers and users, along with Multi-chain data indexing to developers and tools to develop decentralized applications (dApps) more easily.

"The NEAR Foundation and Alibaba Cloud partnership is an important one as we continue to support Web3 developers to explore opportunities. It is also significant for developers and validators in the Asian markets, as they can leverage Alibaba Cloud's comprehensive infrastructure in Asia. Together with NEAR's Node-as-a-Service initiative and BOS, we support the Web3 community to create exciting applications that will benefit a wide consumer audience. We are looking forward to what we can achieve with this partnership," said Raymond Xiao, Head of International Web3 Solutions, Alibaba Cloud Intelligence.

NEAR's Blockchain Operating System (BOS) will also be made available to application developers along with Alibaba Cloud's infrastructure. BOS will enable easy onboarding of users and help develop secure, quick, and transparent applications.

A standout feature of BOS is FastAuth, which allows users to engage with Web3 services, much like downloading a Web2 mobile app. It helps bypass the usual limitations of Web3 onboarding.

"Our partnership with Alibaba Cloud is a major milestone for the NEAR Foundation as it proves that NEAR protocol's technology has the capabilities to truly lift the restrictions surrounding Web3 development to allow more creators to build exciting applications while also helping to onboard billions of Web2 users to the possibility of Web3. We look forward to supporting Alibaba Cloud as it leverages the scalability of NEAR Blockchain and the BOS to expand its Web3 offerings to a global market," said Marieke Flament, CEO, NEAR Foundation.

Paromita Gupta

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 

Related Topics

News and Trends

Zeron Secures $500,000 In Seed Funding

The infusion of capital will be used towards fueling Zeron's ongoing research and development initiatives, advancing the frontiers of AI-powered cybersecurity, and expanding its global presence

Business Plans

10 Simple Tips to Write a Successful Business Plan

In the new book "Write Your Own Business Plan," business expert Eric Butow takes the anxiety and confusion out of planning and offers an easy-to-follow roadmap to success.

News and Trends

FlexifyMe Raises $1 Million In Seed Funding

The funds will be used to further enhance the AI motion coach, making it available in local languages, and expanding the platform's reach in the MENA and North American regions

News and Trends

The New Face of Money: How Banks are Leveraging Metaverse for Good

Banks have long banked on two phenomena- if they can get the attention of customers when they are young, they can hold on to them for life and the customer-executive relation in a traditional physical space. But with time, the sector has aced spotting which change to adapt and which to avoid. Safe to say, they have been open to the adoption of Metaverse and virtual realities in their systems.

News and Trends

Here Are The Fund Managers Who Have Exited VC Firms This Year

As the ecosystem evolves, the number of fund managers leaving VC firms to either launch a startup or a fund is also increasing

News and Trends

Electric Motorcycle Startup Raptee Raises $3 Million In Pre-Series A Funding

The funds will be allocated towards augmenting the manufacturing facility, acquiring machinery, tooling for the soon to be launched motorcycle, and to scale up the team