NEAR surged to a three-week high, standing just shy of $1.60.
The NEAR Foundation – a Switzerland-based non-profit organization behind the decentralized platform NEAR Protocol – has reportedly teamed up with the Chinese tech behemoth Alibaba Cloud to support the advancement of Web3 in Asia and the Middle East.
Developers will also be able to issue new validators through Alibaba Cloud’s “plug-and-play” infrastructure. “The NEAR Foundation and Alibaba Cloud partnership is an important one as we continue to support Web3 developers to explore opportunities,” Raymond Xiao – head of international Web3 solutions at Alibaba Cloud Intelligence, reportedly stated.
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