Get All Access for $5/mo

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. 
News and Trends

Job Creation at an All Time High After 18 Long Years: PMI

The rate of job creation also reached its highest level in over 18 years, according to a recent business survey.

Making a Change

Invest in a Lifetime of Learning for $100

Skill Success features a wide variety of e-learning courses on business, finance, and more.

Business News

Amazon Is Thinking About Charging Extra for AI Alexa

"Hey Alexa, how much are you going to cost?"

Business News

SoftBank CEO Says AI 10x Smarter Than Humans Could Be Here in a Matter of Years

SoftBank CEO Masayoshi Son spoke to shareholders during the company's general meeting on Friday.

News and Trends

PhonePe in Talks With Major Smartphone Makers for Mobiles to Come With Pre-installed Indus Appstore

PhonePe is in talks with smartphone brands to have their Indus Appstore pre-installed in the mobiles.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.