Cloudflare introduces private beta of its Web3 product suite starting with Ethereum and IPFS gateway. The company aims to make Web3 technologies more accessible for developers by providing a stable, reliable, and resilient method to translate HTTP requests into the correct Web3 functions or protocols. The new gateways will help businesses operating at scale and improve user experience by reducing latency and increasing reliability. Cloudflare's global network provides an advantage in caching content near users, allowing for faster download speeds compared to native IPFS.