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Cardano Ecosystem

Coinfomania

04/11/2024

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Cardano Ecosystem Will Now Have Huawei's Cloud Infrastructure

The Cardano (ADA) community is electrified with the recent announcement from Emurgo, one of Cardano blockchain’s founding partners, about their new partnership aimed at integrating Huawei’s cloud...

Cardano Ecosystem Will Now Have Huawei's Cloud Infrastructure

The Cardano (ADA) community is electrified with the recent announcement from Emurgo, one of Cardano blockchain’s founding partners, about their new partnership aimed at integrating Huawei’s cloud infrastructure into the Cardano ecosystem.

This development has been met with great enthusiasm within the cryptocurrency community, generating a highly positive outlook. Many are expecting this to significantly boost Cardano’s adoption and utility. A prominent Cardano-focused account on X, known as Cardano Whale, expressed excitement about this new collaboration.

“This partnership will bring Huawei’s cloud infrastructure into the Cardano ecosystem” https://t.co/ANDboLfMKs

— ADA whale (@cardano_whale) April 11, 2024

Developers Will Be Able To Use Web3 Solutions On The Cardano Ecosystem

The collaboration between Emurgo and Huawei Cloud, a leading global cloud computing company, will bring significant advancements to the Cardano ecosystem by integrating Huawei’s cloud infrastructure. This integration will enable developers to create Web3 solutions on Cardano, enhancing its growth and adoption across the Asia-Pacific and Africa regions.

Additionally, the partnership is set to enhance the scalability and interoperability of Cardano’s cloud services. Access to Huawei’s Marketplace, which is accessed by numerous prominent organizations, will further expand Cardano’s Web3 outreach.

Crypto Analysts Think Cardano’s Price Is Exactly Where It Should Be

This achievement marks the initial step towards an expanded partnership between Emurgo and Huawei, aimed at fostering commercial adoption through various means such as validator nodes, events, and technological collaborations.

As anticipation grows within the Cardano community for more specifics and developments regarding the integration with Huawei’s cloud infrastructure, there is increasing enthusiasm about the potential advantages and prospects this collaboration could yield.

Currently, ADA has seen a 1.23% increase in its value over the past 24 hours, reaching $0.584. According to crypto analysts, Cardano’s price dynamics remain stable, with ADA continuing to consolidate within the $0.55–$0.80 range, positioning it for a potential breakout to $1.70.

Cardano ecosystem

Emurgo’s CEO Talks About The Future Of Web3

Ken Kodama, CEO of EMURGO, underscored the importance of their new partnership, stating that it aligns with the goal of expediting Web3 adoption and enhancing transparency and trust within the cloud ecosystem.

He stated that the collaboration embodies their collective aim to fast-track Web3 integration, promoting transparency and reliability in the cloud environment.

Rex Lei Yang, Managing Director of Huawei Cloud Singapore, echoed Kodama’s views, emphasizing that the alliance could link Huawei Cloud to a broad network of Web3 developers through the Cardano.

As a key founding member of the Cardano protocol, EMURGO is instrumental in driving commercial opportunities within the Cardano ecosystem. Founded in Japan in 2015, EMURGO supports the growth and achievement of Cardano’s full potential through strategic alliances, educational efforts, investments, and infrastructure enhancements.

Industry experts believe that the new collaboration between EMURGO and Huawei Cloud will significantly contribute to broadening Cardano’s influence in crucial regional markets across the Asia Pacific and Africa. This expansion is vital for Cardano’s mission to transform the Web3 domain.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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