Mysten Labs, the first developer of the Sui Layer-1 blockchain, announced that it has signed an agreement with giant technology company Alibaba Cloud.
Alibaba Cloud, the subsidiary of Alibaba, a giant Chinese technology company with a market value of 235 billion dollars, announced their partnership with Sui. Alibaba Cloud stated that this partnership “aims to attract people who combine with Web2 technology to Web3 technology”. Alibaba Cloud, which has stepped into the work on Web3 technology, expresses its trust in this technology with the shares it makes.
30Alibaba Cloud Relies on Web3 Technology
Alibaba Cloud, which has attracted attention recently with its work on Web3 technology, is establishing plans for e-commerce and payment methods with its partnership for Web3. Alibaba Cloud, which explores potential opportunities for payment sectors and e-commerce, emphasized that it will continue its efforts in this direction.
Alibaba, one of the leading companies in technology, has an important place for the Web3 sector with this step it has taken. Noting that he aims to attract people who focus primarily on Web2 to Web3 technology, he continues to explore opportunities for the company in the e-commerce and payment sectors.
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