Cardano collaborates with Huawei

Cardano is entering into a strategic partnership with Huawei, the major smartphone manufacturer and technology group. In particular, it involves Emurgo, a project on the blockchain. Huawei will make its cloud infrastructure available, for example, for node operation.

The partnership marks the "cornerstone of a larger collaboration," according to the announcement on Twitter. It covers "adoption by nodes," "events" and "technical collaborations." The ADA community reacted enthusiastically to the news. Emurgo is a Web3 service from Cardano designed to promote global adoption.

The ADA share price has not moved much yet. It is trading at about 60 cents at a market capitalization of US$20 billion. That makes it the 10th most valuable cryptocurrency in the world.