Axelar (CRYPTO: AXL), a cross-chain protocol, has set its sights on developing a blockchain-driven tool designed to provide businesses and users easy access to decentralized applications (dapps) on Microsoft Corp.'s (NASDAQ:MSFT) Azure cloud platform.

Quoting an Axelar representative, Coindesk reported the current marketplace offers limited avenues for developers and organizations interested in enabling seamless user interoperability across a variety of blockchain ecosystems.

Once this new development is fully operational, Azure will offer access to an Axelar-powered blockchain tool.

This tool will facilitate connections between dapps and networks, services, and developer tools using the AxelarJS software library.

This will make it possible for developers to automate multichain deployments for Web3 products.

Also Read: Buckle Up For The Bitcoin Boom: Could It Go To $50K This Year, $120K By 2024?

Additionally, it will leverage the Axelar General Message Passing (GMP) to help developers to integrate applications, irrespective of the blockchains or databases that host them.

Alongside Microsoft, Axelar also plans to connect private and public blockchains that utilize OpenAI services for the creation of Web3 products.

Read Next: Vitalik Buterin Suggests Bitcoin Needs Scaling Solutions Like Ethereum

Join Benzinga's Future of Crypto in New York City on Nov. 14, 2023, to stay updated on trends like AI, regulations, SEC actions and institutional adoption in the crypto space. Secure early bird discounted tickets now!

Photo: Microsoft