According to U.Today, the Cardano community is buzzing with the news of a new partnership between Emurgo, a founding entity of the Cardano blockchain, and Huawei Cloud, one of the world's leading cloud computing firms. This collaboration is set to bring Huawei's cloud infrastructure into the Cardano ecosystem, a move that has been met with widespread enthusiasm from the crypto community.
The partnership is expected to bolster Cardano's capabilities and extend its reach, as developers will be able to use Huawei's cloud infrastructure to build Web3 solutions on Cardano. This is anticipated to spur growth and adoption across the Asia-Pacific and Africa regions. Additionally, the collaboration is set to enhance the scalability and interoperability of Cardano's cloud services.
Cardano will also gain access to Huawei's Marketplace, a platform used by numerous major organizations, which will further extend the reach of its Web3 capabilities. This partnership marks the first step towards a larger collaboration between Emurgo and Huawei in the future, aimed at driving commercial adoption through validator nodes, events, and technological collaborations.
As the Cardano community eagerly awaits further details and updates on the integration with Huawei's cloud infrastructure, there is a growing sense of anticipation for the potential benefits and opportunities this partnership will bring. At the time of writing, ADA, Cardano's native cryptocurrency, was up 1.23% in the last 24 hours to $0.584. Crypto analyst Ali believes that Cardano's price action remains steady, consolidating in the $0.55–$0.80 range before potentially breaking out to $1.70.