Axlar, a Cross-Chain Protocol, has Entected Into A PARTNERSHIP with Tech Giant Microsoft to Facilities The Briding of Public and Private Blockchains. The Co Llaboration Entails Axelar Being Listed on Microsoft's Azure Marketplace, Making It The FIRST Cross-Chain Protocol To Be Featured On the platform. Through this partnership, Axelar will gain access to Microsoft's Azure cloud service, allowing the protocol to reach a wide range of companies. The integration of existing internet technologies with public blockchains holds significant potential for meaningful user experiences.
Developers will have access to tools such as the AxelarJS Software Development Kit (SDK) and Axelar's Universal Messaging on the Azure marketplace. These tools enable seamless integration of functionality regardless of the underlying blockchains and databases. Additionally, the collaboration aims to explore the utilization of public and private blockchains to support artificial intelligence (AI) applications. Establishing trust in AI requires multiple layers, and blockchain technology can play a crucial role in ensuring data integrity and origin verification.
Axelar's co-founder, Sergey Gorbunov, highlights the significance of combining private and public blockchains. By leveraging blockchain, a root of trust can be established, ensuring data remains untampered and within designated jurisdictions. This approach contributes to building trust among consumers and verifying the authenticity and accuracy of data queries. The Azure marketplace boasts an extensive collection of applications and services, with over 25,000 options available. It already hosts numerous blockchain-powered solutions, and Axelar's inclusion will provide developers with addition al cross-chain capabilities.
Axelar has garnered considerable attention in the market, with support for 43 blockchains and a successful Series B funding round that raised $35 million, pushing its market capitalization beyond $1 billion. Notable participants in the funding round included Dragonfly Capital, Poly chain Capital, and North Island Ventures. The partnership with Microsoft's Azure marketplace further strengthens Axelar's position in the blockchain ecosystem, enabling wider adoption and facilitating innovative applications that bridge various blockchain networks.
