Sui Blockchain Developer Signs Deal With Alibaba Cloud
Sui Blockchain Developer Inked a Collaboration Deal with Alibaba Cloud to Enhance Sustainable Web3 Ecosystems on March 3, 2022.
Mysten Labs, the initial developer of the Sui layer 1 blockchain, recently announced a memorandum of understanding with Alibaba Cloud, the cloud computing arm of Chinese tech conglomerate Alibaba Group. The deal aims to bring secure cloud infrastructure and archival node services to Sui's testnet, in a move that will improve user experience and attract more people to the Web3 space.
As part of the partnership, the two companies will also explore potential opportunities in the e-commerce and payment sectors, while developing sustainable Web3 ecosystems. The deal is expected to be a game-changer for Sui, as it will leverage Alibaba Cloud's trusted and world-class security and global compliance capability, as well as its strong infrastructure coverage across the globe, to facilitate the growth of the Web3 ecosystem.
Alibaba Cloud's suite of cloud computing services, including elastic computing, database, storage, large-scale computing, and application services, makes it an ideal partner for Sui's advanced proof-of-stake blockchain that uses the consensus mechanism and novel data structures to offer high performance while maintaining low costs.
The signing of the MOU with Alibaba Cloud is a major milestone for Mysten Labs, which was launched by former executives of Meta Platforms (Facebook), who were working on the stalled Diem blockchain project. Sui's advanced proof-of-stake blockchain is expected to be a major player in the Web3 space, as it offers a user-friendly experience that will appeal to more people, while also offering secure and efficient infrastructure that will support the growth of the Web3 ecosystem.
The collaboration between Mysten Labs and Alibaba Cloud will help to create more user-friendly experiences in the Web3 space, which is widely seen as a key factor in attracting more Web2 people into the Web3 space. The two companies' joint efforts will also provide a more secure and efficient infrastructure for validators, which will help to build trust and promote the growth of the Web3 ecosystem.
In conclusion, the signing of the MOU between Mysten Labs and Alibaba Cloud is a significant development in the Web3 space. The deal will provide Sui with secure cloud infrastructure and archival node services, which will improve user experience and attract more people to the Web3 space. Additionally, the collaboration between the two companies will help to create sustainable Web3 ecosystems and explore potential opportunities in the e-commerce and payment sectors. With this partnership, the future of Web3 looks bright.
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