Microsoft, Tencent and 16 other Web2 giants have partnered with Consensys on its mission to decentralize the Infura network — the key point of access to Ethereum for much of the decentralized finance (DeFi) sector.
The partnerships aim to increase decentralization on the Infura network — key to preventing outages of the Web3 services that leverage it, including the wallet service MetaMask.
Speaking to Cointelegraph, Consensys senior product manager Andrew Breslin said the significance of the partnerships was less about “who they were” and more about the big-name firms aligning with Infura in “wanting to decentralize every layer of the blockchain infrastructure stack.”
Scheduled for a Q4 launch, the Decentralized Infura Network (DIN) stands as a solution to the problem of centralization for Infrua, with the network currently controlled by Consensys, meaning there remains a single point of failure.