Ether Domain Name Services (EDNS) has declared a new collaboration with Alibaba Cloud (the subsidiary of Alibaba Group specified for intelligence and digital technology). The partnership is focusing on the unique possibilities in the world of Web3 adoption. As included in the collaboration, EDNS (known as a pioneer in the Web3 domain) will cooperate with Alibaba Cloud (the prominent infrastructure as a service (IaaS) platform in the Asia Pacific region).
ENDS and Alibaba Cloud Collaborate for Web3 Endeavors
The purpose of this mutual operation would be to discover the exclusive possibilities dealing with the integration of blockchain with high-performance, stable, and scalable infrastructure. By this, the latest products would be brought to the Web3 space. The partnership between Alibaba Cloud and EDNS was started on the 29th of November this year at “The Power of Web 3.0.”
At the event, Joey Lam (the CEO and founder of EDNS) and Derek Wang (Alibaba Cloud Intelligence’s General Manager of Singapore) inked the Memorandum of Understanding (MOU). Joey Lam and Mike Ng (the Technical Director and co-founder of EDNS) remarked on Web3. After this project, EDNS will additionally take part in “Web3.0 Cloud Day Singapore 2022” which was co-hosted by Odaily and Alibaba Cloud.
The executives of EDNS mentioned that they are focused on constructing the infrastructure to fulfill the requirements of the next revolution of Web 3.0. At present, they added, is the finest moment to move toward systematic collaborations to fortify the ecosystem. As per EDNS, the company is enthusiastic to partner up with Alibaba Cloud.
The Partnership Focuses Most Demanded Web3 Solutions, Says an EDNS Executive
Joey Lam of EDNS expressed that the motivation at the back of this collaboration is to make new advancements in the solutions related to the Web3 sector. In the words of Lam, there is a great demand for these Web3 solutions in the market, particularly in the field of storage. Ether Domain Name Services (ENDS) counts as a lookup service based on Ethereum and developed on the blockchain of Polygon.
Keeping in view its compatibility with Ethereum, the consumers in the crypto world can convert the machine-readable addresses thereof to addresses that are readable by humans. It offers a decentralized Domain Naming Service to cope with the demands related to Web3. This takes into account the subjects of Web hosting, digital assets, NFTs, and DeFi.
