ChainCatcher has announced a strategic partnership with Alibaba Cloud to enhance Web3 infrastructure for blockchain startups. This collaboration aims to provide advanced technological support, following similar initiatives with AWS and Avalanche. The partnership is set against a backdrop of significant outflows from Ethereum ETFs, totaling $897.6 million, which have affected market sentiment and increased volatility in related tokens and derivatives.
Despite the financial turbulence, the focus of the ChainCatcher and Alibaba Cloud partnership remains on infrastructure development rather than financial inflows. Community sentiment towards ChainCatcher is positive, with 87.3% of users expressing a bullish outlook on the market.
ChainCatcher Partners with Alibaba Cloud to Boost Web3 Infrastructure
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.