Cloud computing giant Alibaba Cloud will provide node services and infrastructure for testnet developers on the Sui blockchain.
Mysten Labs, the developer of layer-1 Sui, has signed a memorandum of understanding (MOU) with Alibaba Cloud – a subsidiary of technology giant Alibaba Group.
ICYMI, yesterday was the @Alibaba_Cloud Day Dubai Summit 2023 where we formally signed our collaboration agreement to develop sustainable web3 jointly on the @suinetwork! pic.twitter.com/7dWoUVFZ98
— Mysten Labs (@Mysten_Labs) March 7, 2023
Accordingly, Alibaba Cloud will provide secure cloud infrastructure and storage node services for Sui’s testnet validator. From there, creating a friendly experience, the core factor to help attract users to Web3.
In addition, the two companies will also work together to develop a sustainable Web3 ecosystem, exploring potential opportunities in the fields of e-commerce and payment processing.
Daniel Jiang, General Manager Middle East, Turkey and Africa at Alibaba Cloud Intelligence said:
“We are delighted to be working with Mysten Labs to bring our safety technology and solutions into this nascent field. By leveraging Alibaba Cloud’s global compliance, trusted security, and world-class capabilities, as well as the scope of robust infrastructure, we will facilitate the growth of the Web3 ecosystem. to better serve our customers with scalable, efficient, and secure infrastructure.”
As Cointelegraph reported, Mysten Labs is the father of Sui, jointly founded by former Facebook engineers who used to develop stablecoin Diem “storm” of social networks.
Blockchain “old man” Meta started testnet launch from November 2022 and Announcement of token distribution, with airdrop rewards. Besides, organization that once raised 300 million USD with a $2 billion valuation deploying project funding package and plan to pay more in SUI tokens.