• NEAR Protocol price rose double digits following a partnership announcement with Alibaba Cloud.
• The collaboration grants NEAR access to the cloud computing provider’s developer ecosystem, allowing for more developers across Asia and the Middle East to tap into the network.
• NEAR Foundation also recently teamed up with Vortex Gaming, a Web3 subsidiary of INVEN, to enhance Web3 gaming on Vortex Gaming and the NEAR game ecosystem.
NEAR Price Soars Following Partnership With Alibaba
NEAR Protocol price rose double digits on Monday after news of a partnership with Alibaba Cloud. The NEAR token rose to highs of $1.61, thanks to the non-profit organisation helping develop the NEAR blockchain striking a major partnership with Alibaba’s computing and storage arm.
Access To Developer Ecosystem
The collaboration grants NEAR access to the cloud computing provider’s developer ecosystem, allowing for more developers across Asia and the Middle East to tap into the network as they build on the NEAR protocol. Specifically, users can now easily leverage Alibaba Cloud’s “plug-and-play” infrastructure and benefit from remote procedure calls (RPC) as-a-service offering that gives multi-chain access to blockchain data and transactions.
Vortex Gaming Partnership
In addition, only days prior, the NEAR Foundation teamed up with Vortex Gaming – a web 3 subsidiary of South Korea based gaming company INVEN – in order to enhance web 3 gaming on Vortex Gaming platform and in turn enlarge its game ecosystem. This includes offline hackathons powered by both layer 1 protocol of Near as well as Blockchain Operating System (BOS). BOS is an open source OS specifically designed for open web that was announced in March this year by Near Foundation itself.
Upside Momentum From Spot Bitcoin ETF News
The upside momentum seen by Near/USD goes in line with broader crypto market trends that got legs from spot Bitcoin ETF news last week. As it stands today, this surge places Near at its highest levels since early June when it first began trading above $1 mark after its launch earlier this year in April at 0.14$.
The partnerships that have been made by Neat Foundation are sure to bring adoption of Neat protocol even further than before thereby pushing its price higher in coming months ahead . It will be interesting to see how far this current uptrend continues for Neat/USD pair going forward in near future .