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NEAR Foundation Teams Up with Alibaba Cloud to Advance Web3 in Asia and Middle East, NEAR Token Price Spikes by 12%

June 26 (Cointime) - Switzerland-based non-profit organization, the NEAR Foundation, has partnered with Alibaba Cloud to advance Web3 in Asia and the Middle East. The announcement caused a positive reaction in the price of NEAR, the native token of the ecosystem, which spiked by over 12%.

The partnership will give the NEAR Foundation access to Alibaba Cloud's developer network in the regions mentioned, with the goal of attracting more users to build on the NEAR Protocol. Developers will be able to issue new validators through Alibaba Cloud's "plug-and-play" infrastructure, and the two entities will provide remote procedure calls (RPC) as a service to participants of the NEAR ecosystem.

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