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Pontem announces partnership with Alibaba Cloud to promote Lumio L2 technology in Asia
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Pontem Network, the blockchain studio behind Lumio, a midular VM abstraction, is partnering with Alibaba Cloud to promote Web3 infrastructure development in the APAC region.
Pontem, a product studio known for its Pontem wallet, Liquidswap DEX, and Lumio L2, announces a sweeping partnership with Alibaba Cloud, part of the Alibaba Group and Asia’s largest Infrastructure-as-a-Service provider.
Together, Pontem and Alibaba Cloud are developing Web3 infrastructure in the Asia-Pacific region. A key objective of the partnership is to provide APAC builders with the best technology, including Lumio.
Lumio is an ambitious L2 project that supports multiple blockchain virtual machines, starting with EVM and Move VM - and with Solana VM coming soon. Pontem already has two instances of Lumio running: SuperLumio on mainnet and xLumio on testnet.
Alejo Pinto, Chief Growth Officer at Pontem, said:
“Thanks to Lumio’s modularity at the VM level, APAC developers will be able to use their favorite virtual machine and deploy dApps on Lumio without compromising performance and interoperability with EVM. Moreover, Lumio will act as a middleware and data availability layer to bring use cases like gaming and high-frequency trading from other L1 networks to Ethereum. With the support of Alibaba Cloud’s secure and robust cloud infrastructure, we’ll be able to make this leap much faster.”
The partnership between Pontem and Alibaba Cloud will also cover resources and events for builders working with Lumio and other Pontem products, as well as collaborative development on new infrastructure for Lumio.
Pontem’s announcement follows the collaboration between Alibaba Cloud and Aptos Foundation, one of Pontem’s key partners and backers. The upcoming Move developer community co-branded by Aptos and Alibaba Cloud will further benefit Pontem as the leading product studio building for Move.
About Pontem
Pontem is a product development studio building Move and EVM-compatible products for a more developer and user-friendly Web3. Pontem Wallet has more than 300,000 downloads. The Liquidswap AMM DEX has facilitated 19 million swaps. Pontem is backed by Faction, Lightspeed, Pantera, Animoca, Kraken Ventures, Delphi Digital, and over 20 other well-known Vcs.
