Axelar To Provide Web3 Solutions With Microsoft Azure

Key Points:

• Axelar and Microsoft are collaborating to accelerate blockchain adoption and develop a data integration layer for faster onramps to the blockchain.
• Microsoft Azure Marketplace will offer Axelar’s cross-chain software stack, enabling developers to link applications across multiple blockchains.
• The collaboration aims to unlock growth and innovation by connecting isolated networks, exploring the integration of public and private blockchains.

Axelar and Microsoft are collaborating to accelerate blockchain technology adoption by developing a data integration and interoperability layer that will provide faster blockchain onramps for everyone, from companies to Web3 startups.

Microsoft Azure Marketplace will specifically provide Axelar’s Generic Message Passing cross-chain software stack, which allows developers to link applications on multiple blockchains. Developer tools like the AxelarJS software development kit, which automates multi-chain deployments, are included in the offering.

As part of the agreement, Axelar’s blockchain interoperability solutions will be made accessible to Microsoft clients through the Azure cloud marketplace.

The cooperation intends to unleash growth and innovation potential for developers and enterprises by linking isolated networks and simplifying complicated connections.

The companies will also investigate the integration of public and private blockchains to assist AI applications. Sergey Gorbunov, co-founder of Axelar, emphasized the nature of these solutions:

“The shared vision inspired us to partner with Microsoft to provide an extensible interoperability layer for the Azure community, from fast-growing Web3 startups to global enterprises. With Microsoft, we are now also able to explore the possibility for other new frontiers in Web3, such as blockchain-enabled Open AI services and the integration of AI in future Web3 applications.”

Axelar is a blockchain project that offers safe communication across chains. It does so by using a programmable interoperability layer on the Cosmos network, which acts as a bridge linking applications on multiple blockchains. Currently, it supports 43 blockchains. It secured $35 million in Series B fundraising last year, increasing its market worth to more than $1 billion. Dragonfly Capital, Polychain Capital, and North Island Ventures are among the investors in the round.

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