• Mysten Labs, a Web3 infrastructure company and initial developer of the Sui Layer 1 blockchain, has signed an MOU with Alibaba Cloud to provide archival node services and secure cloud infrastructure for validators.
• The two companies will collaborate on developing sustainable Web3 ecosystems and explore cooperation opportunities in e-commerce and payments sectors.
• Alibaba Cloud offers cloud computing services such as elastic computing, database, storage, network virtualization, large-scale computing, security, management, and application services.
Mysten Labs Partners With Alibaba Cloud
Mysten Labs („Mysten“ or the „Company“), a Web3 infrastructure company and initial developer of the Sui Layer 1 blockchain recently announced the signing of a Memorandum of Understanding („MOU“) with Alibaba Cloud—the digital technology and intelligence backbone of Alibaba Group. Under the terms of the MOU, they will provide archival node services and secure cloud infrastructure services for validators as part of Sui Testnet to better serve developers and customers by creating a more user-friendly and immersive experience.
Exploring Collaborative Opportunities
The two companies have also agreed to enhance collaboration on developing sustainable Web3 ecosystems including builders, communities and others. Additionally, both parties will explore cooperation opportunities in the e-commerce and payments sectors.
Alibaba Cloud’s Comprehensive Suite Of Services
Alibaba Cloud is Asia Pacific’s largest cloud services provider offering a comprehensive suite of cloud computing services to customers worldwide such as elastic computing, database storage network virtualization large-scale computing security management application services. Recently it announced Blockchain Node Service which supports product development deployment to enable more user-friendly immersive Web3 experiences for developers worldwide.
Excitement From CEO Of Mysten
Evan Cheng Co-Founder Chief Executive Officer of Mysten said “Alibaba Cloud has demonstrated strong commitment to facilitating growth of Web3 with its trusted secure cloud infrastructure We are excited partner together introduce entities in ecommerce payments other areas possibilities enabled by Sui blockchain technology overall”
Conclusion
This alliance between Mysten Labs & Alibaba Cloud is huge milestone for both companies which would benefit their respective users by providing them efficient & reliable service across various sectors like Ecommerce & Payments among many others!