MultiversX has announced a strategic partnership with major cloud service providers, including Alibaba Cloud, Tencent Cloud, AWS Cloud, and Google Cloud. This partnership aims to drive the advancement of Web3 and promote the widespread adoption of decentralized applications (dApps). It reflects the commitment of MultiversX and the aforementioned cloud service providers to enhance Web3 accessibility through blockchain capabilities.
The collaboration with Google Cloud, AWS Cloud, Tencent Cloud, and Alibaba Cloud is a significant development for MultiversX. These cloud service providers offer computing capabilities that enable the seamless development and operation of MultiversX’s crypto marketplace and its decentralized ecosystem hosting various dApps. Their computing power at a low cost meets the demand for efficient operations, which is crucial for MultiversX to handle the growing number of users, including developers, and perform calculations related to digital asset trading, energy conversion, and operations of MultiversX’s native cryptocurrency EGLD.
MultiversX is a blockchain platform that focuses on providing speed and essential resources to power the Web3 landscape and next-gen applications. It facilitates 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.
The partnership with Alibaba, Tencent, AWS, and Google Clouds also serves to enhance blockchain interoperability. These cloud service providers act as validators on MultiversX’s testnet and mainnet, thereby improving the scalability and security of the blockchain. This aligns with MultiversX’s mission to become a globally accessible blockchain that connects various virtual assets and applications across different networks, similar to how the internet links information. MultiversX is already collaborating with multiple decentralized applications to realize this vision.
Moreover, these cloud service providers empower Web3 developers by supporting MultiversX at the ecosystem level. The partnership enables MultiversX developers to utilize the cloud services and tools provided by these companies to contribute to the development of next-generation dApps within the MultiversX ecosystem. The high-performance servers, cross-chain nodes, and strong security components of these cloud providers are crucial for Web3 developers to seamlessly access various blockchain networks for conducting business.
Additionally, the MultiversX wallet plays a vital role as a gateway to the Web3 landscape. Through this partnership, Web3 developers can leverage the tools offered by these cloud service providers and MultiversX to acquire and onboard users smoothly, providing them with a user-friendly experience.