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

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

Entrepreneur Staff

Freelancer

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. 
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

How Lab-Grown Diamonds are Reshaping Jewellery Market

As sustainability takes the centre stage shaping the luxury market, lab grown diamonds (LGDs) are leading the way and not merely following the latest trends, says Ishendra Agarwal, Founder, Giva

Growth Strategies

GST Rate Cuts To Bolster FMCG Sector; Daily Goods To Get Cheaper

FMCG companies such as Marico, Emami, GCPL, Zydus Wellness, are prioritizing to pass on the GST benefits to consumers at the earliest

Business News

American Eagle Stock Sees a 25% Surge Following Sydney Sweeney's Controversial 'Great Jeans' Ad Campaign

American Eagle saw its stock jump 25% after its earnings call on Wednesday.

Business News

Gold Prices Are Higher Than Ever. Here's How Much a Costco Gold Bar Purchased in 2024 Is Worth Today.

A one-ounce Costco bar is worth $870 more now than it was a year ago.