Skip to main content

Market Overview

Microsoft Azure Transforms With Axelar: It's A Blockchain Party

Share:
Microsoft Azure Transforms With Axelar: It's A Blockchain Party

Axelar (CRYPTO: AXL), a cross-chain protocol, has set its sights on developing a blockchain-driven tool designed to provide businesses and users easy access to decentralized applications (dapps) on Microsoft Corp.'s (NASDAQ: MSFT) Azure cloud platform.

Quoting an Axelar representative, Coindesk reported the current marketplace offers limited avenues for developers and organizations interested in enabling seamless user interoperability across a variety of blockchain ecosystems.

Once this new development is fully operational, Azure will offer access to an Axelar-powered blockchain tool.

This tool will facilitate connections between dapps and networks, services, and developer tools using the AxelarJS software library.

This will make it possible for developers to automate multichain deployments for Web3 products.

Also Read: Buckle Up For The Bitcoin Boom: Could It Go To $50K This Year, $120K By 2024?

Additionally, it will leverage the Axelar General Message Passing (GMP) to help developers to integrate applications, irrespective of the blockchains or databases that host them.

Alongside Microsoft, Axelar also plans to connect private and public blockchains that utilize OpenAI services for the creation of Web3 products.

Read Next: Vitalik Buterin Suggests Bitcoin Needs Scaling Solutions Like Ethereum

Join Benzinga's Future of Crypto in New York City on Nov. 14, 2023, to stay updated on trends like AI, regulations, SEC actions and institutional adoption in the crypto space. Secure early bird discounted tickets now!

Photo: Microsoft

 

Related Articles (MSFT)

View Comments and Join the Discussion!

Posted-In: Axelar protocol Azure Blockchain DAppsCryptocurrency News Markets Tech

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com