MultiversX announced a strategic partnership with major cloud service providers, including Alibaba Cloud, Tencent Cloud, AWS Cloud, and Google Cloud.
This innovative collaboration is set to enable MultiversX to drive Web3 advancement and boost the extensive adoption of various decentralized applications. The alliance is a testimony of a mutual dedication between MultiversX and the abovementioned cloud service providers to advance Web3 accessibility through blockchain capabilities.
Interest in cryptocurrencies has increased significantly within a short timeframe, highlighting the immense growth of users seeking exposure to virtual assets for growth.
With this partnership, these cloud services providers offer computing capabilities, allowing seamless development and operation of MultiversX’s crypto marketplace and its decentralized ecosystem hosting various dApps.
Alibaba, Tencent, AWS, and Google meet the demand for productive, huge computing power at a low cost. This is essential for MultiversX to handle the rising number of users including developers, calculations concerning digital asset trading, energy conversion, and operations of MultiversX native cryptocurrency EGLD.
MultiversX is a blockchain platform that focuses on providing speed and all essential resources to power the Web3 landscape and next-gen applications. As a competent blockchain, it brings high-speed transactions and processes millions of transactions daily. This integration connects digital assets to millions of users in an integrated ecosystem of activity, assets, and wallets.
Advancing blockchain Interoperability
Through this partnership, Alibaba, Tencent, AWS, and Google Clouds serve as validators on MultiversX’s testnet and mainnet, boosting the blockchain’s scalability and security.
The deployment of these Web3 validators is primed to improve MultiversX’s network. This reinforces MultiversX’s mission of becoming a globally accessible blockchain that links various virtual assets and applications across different networks, similar to the way the internet links information. MultiversX ecosystem is already working with multiple decentralized applications to achieve this vision.
The infrastructure and validator abilities of these cloud service providers focus on empowering developers and supporting MultiversX in promoting interoperability for Web3.
The four top tech firms are global cloud computing powerhouses with prominent tools. They provide advanced network infrastructure with strong computing capabilities. They therefore possess the ability to expand MultiversX’s significant computational and bandwidth demands.
Empowering Web3 developers
Lastly, these cloud providers support MultiversX at the developer ecosystem level. The partnership is set to enable MultiversX developers to use these cloud services and tools to contribute to the next-generation dApps within the MultiversX ecosystem.
MultiversX depends on these cloud providers’ high-performance servers, cross-chain nodes, and strong security components to enable Web3 developers to seamlessly access various blockchain networks to conduct business.
Besides that, the MultiversX wallet is a crucial gateway to the Web3 landscape. Based on this collaboration, Web3 developers can harness tools within these cloud services providers and MultiversX to acquire and onboard users smoothly through a user-friendly experience.
