coinjournal.net
- $NEAR price tapped double-digit gains on Monday after news of a partnership with Alibaba.
- The $NEAR token rose to highs of $1.61, a 3-week high going back to early June.
- $NEAR’s upside followed news of $NEAR Foundation’s partnership with Alibaba Cloud to support Web3 in Asia and the Middle East.
The $NEAR Foundation, the non-profit organisation helping to develop the $NEAR blockchain, has struck a major partnership with Alibaba Cloud, the computing and storage arm of Chinese tech giant Alibaba.
$NEAR Protocol price jumped double digits following the news, soaring from $1.35 to $1.61 early Monday. The 3-week high for $NEAR/USD comes as the broader crypto market looks to build on last week’s upward momentum that got legs from the spot Bitcoin ETF news.
$NEAR Foundation partners Alibaba Cloud
The $NEAR Foundation will be partnering with Alibaba Cloud to advance Web3 adoption in Asia and the Middle East.
According to an announcement from the Switzerland-based non-profit, the collaboration grants $NEAR access to the cloud computing provider’s developer ecosystem.
More developers across Asia and the Middle East will tap into the network as they build on the $NEAR protocol. Specifically, the partnership means $NEAR Protocol developers can now easily leverage Alibaba Cloud’s “plug-and-play” infrastructure.
Users will also benefit from the remote procedure calls (RPC) as-a-service offering, allowing for multi-chain access to blockchain data and transactions.
The partnership with Alibaba Cloud comes just days after the $NEAR Foundation teamed up with Vortex Gaming, the Web3 subsidiary of South Korea-based gaming company INVEN. The partnership looks to enhance Web3 gaming on Vortex Gaming and the $NEAR game ecosystem, including via offline hackathons.
Vortex Gaming will tap into both $NEAR’s layer-1 protocol, and the Blockchain Operating System (BOS), an open source OS for the open web. $NEAR Foundation announced BOS in March, bringing into the ecosystem a multi-chain compatible layer for browsing and discovering the Open web.