Web3 company Infura partners with Microsoft, Tencent to develop decentralized infrastructure network

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  Infura Joins Forces with Tech Giants

Infura, a key player in the Web3 world and a part of Consensys, is making headlines with its bold move towards decentralization. In a groundbreaking collaboration, Microsoft, Tencent, and several other Web2 companies are with Infura. This alliance is set to transform the Infura network, which is currently a crucial access point for Ethereum and the DeFi industry. The goal? To boost decentralization and tackle the risk of service outages for Web3 services like MetaMask.

 

Decentralized Infura Network (DIN)

Infura’s announcement of the Decentralized Infura Network (DIN) marks a significant step in its journey towards decentralization. This initiative, developed with the support of 19 partners, aims to shift the paradigm of Web3 API services. E.G. Galano, Infura’s co-founder, emphasizes the remarkable progress and the anticipation of bringing DIN’s power to Web3 developers and users. This move signifies a shift from centralization to a more resilient and inclusive Web3 infrastructure.

 

Empowering the Web3 Ecosystem

The DIN will launch with vital features like failover protection on Ethereum and Polygon. This capability allows users to redirect RPC traffic between DIN partners, ensuring continuous service during outages. Infura users can soon opt-in for DIN’s failover protection, contributing to reduced centralization and enhanced uptime for decentralized apps. Infura plans to progressively decentralize DIN, starting with a core group of partners and expanding over time.

 

The Role of Microsoft and Tencent

The involvement of tech giants like Microsoft and Tencent in DIN is more than just names. It represents a significant alignment of goals between major firms and Infura. Andrew Breslin, Consensys’ senior product manager, highlights the growing ecosystem of Web3 infrastructure providers complementing Infura’s services. This partnership not only brings diversity but also strengthens the Web3 infrastructure with the expertise of leading tech companies.

 

⚡️ partners with numerous Web2 giants to decentralize the network has teamed up with , and 16 other Web2 giants to increase decentralization on the Infura network. The Decentralized Infura Network (DIN) is expected to be…

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The Future of Web3 and Infura’s Role

The launch of DIN signals a new chapter in creating a vibrant Web3 network. As part of Consensys, Infura’s steps towards decentralization are closely watched by the blockchain community. This effort, supported by industry giants, paves the way for a more accessible, reliable, and efficient Web3 experience. As Infura continues to evolve, its impact on the blockchain landscape and its ability to foster an environment of permissionless innovation are undeniable.

 

Conclusion

In conclusion, Infura’s partnership with Microsoft, Tencent, and others in developing DIN is a significant stride towards a decentralized future. This collaboration not only enhances the reliability and accessibility of Web3 services but also sets a new standard in the industry. As we look forward, the continued growth and innovation in this space are sure to bring exciting developments for developers and users alike.